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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

ECC directs to form committee to ensure prompt clearance at ports after Customs Today coverage

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ISLAMABAD: Customs Today has been raising the issue of delay in clearance process at Karachi ports since last several years and finally the Economic Coordination Committee in its meeting directed the formation of a committee headed by Minister for Ports & Shipping Ali Haider Zaidi to bring up proposals for prompt and efficient cargo clearance at ports. According to details, ... Read More »

FBR detects huge carry forward losses by taxpayers

Appraisement East detects tax evasion of Rs 6 88m by M s Ghani Plastics & Kitchen Accessories copy

ISLAMABAD: Federal Board of Revenue has observed that some taxpayers and companies are irregularly carrying forward huge losses and setting-off against the income of following tax years involving potential tax effect. It is important to mention here that the adjustment of losses from one head against the income, profit or gains of any other head of income during the same ... Read More »

FBR working to bring transactions through Easypaisa & Western Union under tax net

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ISLAMABAD: Federal Board of Revenue (FBR) has started working to document the transfer of money through Easypaisa and Western Union and mechanism in this regard is being prepared, it is learnt here. Official sources told Customs Today that the board with the aim to broaden the tax net and document the international money transfer via both the applications Easypaisa and ... Read More »

Pakistan can’t survive without wealthy paying their fair share in taxes: PM

Prime Minister Imran Khan addressing the gathering during the Ceremony in PM Office Islamabad for distribution of Awards among Top Tax Payers of Pakistan, on February 20, 2019

ISLAMABAD: Prime Minister Imran Khan has said that Pakistan’s future is bleak if the wealthy don’t pay their fair share in taxes to help the government make the country into a welfare state. He was addressing a ceremony to give out awards to top 50 tax payers of the country in Islamabad on Wednesday. The prime minister lauded the top ... Read More »

FBR introduces ADRP to bring domestic resources under tax net

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ISLAMABAD: Federal Board of Revenue (FBR) has introduced Automated Domestic Resource Mobilization Program (ADRP) with the aim to bring the domestic resources in the tax net, it is learnt here. Official sources told Customs Today that the board with the collaboration of World Bank (WB) launched Automated Domestic Resource Mobilization Program based on Information Communication Technology for the purpose to ... Read More »

FBR seeks complete record of legal cases from customs field formations

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ISLAMABAD: Federal Board of Revenue (FBR) has directed to customs field formations to maintain and provide complete record of the legal cases. Sources told Customs Today that the main objective of the Federal Board of Revenue to examine pursuance of legal cases in cost effective manner, identification of cases decided against the department and reason thereof, whether the cases are ... Read More »

PM Imran directs FBR to adopt modern techniques to expand tax net

Prime Minister Imran Khan chairs meeting on Steps to Enhance Revenue Collection by FBR, at PM Office Islamabad on February 19, 2019

ISLAMABAD: Prime Minister Imran Khan directed Federal Board of Revenue (FBR) Chairman Dr Jehanzaib Khan to employ modern methods and techniques in order to bring non-tax payers into the tax net, according to Radio Pakistan. The prime minister, while chairing a meeting in Islamabad regarding the federal government’s steps to collect revenue, was reported to have said that tax evaders ... Read More »

FBR directs to recover Rs16974.79m from M/s International Complex Project

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ISLAMABAD: Federal Board of Revenue (FBR) directed Corporate Regional Tax Office (CRTO) Karachi to impose penalty of Rs16974.79 million on the concealment of income by M/s International Complex Project. Federal Board of Revenue has rejected the plea of the CRTO that contested the issue on the grounds that exemption was provided to profit under clause 99 A of Part-1 of ... Read More »

FBR raids Green School, Medina Cash & Carry, Top Builder on tax evasion

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ISLAMABAD: Federal Board of Revenue (FBR) has raided Green School, Medina Cash & Carry and Top City Builder involved in tax evasion and confiscated important record and computers. Official sources told Customs Today that the board under its drive against tax evaders has formed teams and raided the Green School situated in Diplomatic Enclave, Medina Cash and Carry and a ... Read More »

FTO shows concerns over complaints filed against tax authorities

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ISLAMABAD: Federal Tax Ombudsman (FTO) has raised the concerns regarding the harassment of the litigator by tax authorities after they submitted the complaints with FTO. Official sources told Customs Today that the Federal Tax Ombudsman has received several complaints from the taxpayers regarding the harassment by the tax authorities, while the FTO has decided to consult with the FBR to ... Read More »

Crown Prince visit: Pakistan, Saudi Arabia sign $20 billion agreements

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ISLAMABAD: Prime Minister Imran Khan and Saudi Crown Prince Mohammad Bin Salman went to have their one to one meeting in which eight agreements and MOU of $20 Billion were signed without delay.   After the grand welcoming celebrations, Prime Minister Imran Khan had Crown Prince Mohammad Bin Salman individually meet his cabinet members.  After signing of the agreements , ... Read More »

Withholding tax collection drops 9pc during 1H

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ISLAMABAD: The share of withholding taxes has dropped to slightly over two-thirds of total income tax collection in first half of the current fiscal year due to a combination of court decision and legislative changes, which may bode well for the government’s plans to rely less on withholding taxes. From July through December of fiscal year 2018-19, the Federal Board ... Read More »

New chapter begins in Pakistan, Saudi Arabia bilateral ties: Razak Dawood

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ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood on Monday said a new chapter has begun in bilateral relations of Pakistan and Saudi Arabia. Addressing the Pak-Saudi Business Conference in Islamabad, the adviser to the premier said, “Saudi investment in Pakistan is highly significant for positive trajectory of the country’s growth and economy.” Stating that “Saudi Arabia is ... Read More »

PRAL to compile data in USD instead of PKR

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ISLAMABAD: Senate’s Standing Committee on Statistics has directed to the FBR entity Pakistan Revenue Automation Pvt Limited (PRAL) to compile the data in international USD standard instead of PKR and recommended the introduction of a mechanism to improve the quality of Pakistani products in the international market. The Senate Standing Committee on Statistics was presided over by Senator Dr. Jehanzeb ... Read More »

DGTR conducts workshop on “Preparing of Budget and other Financial Statements”

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  ISLAMABAD: Federal Board of Revenue (FBR) wing of Directorate General of Training and Research Customs has conducted a workshop on the theme of ‘Preparing of Budget and other Financial Statements’ for the officers and officials of the FBR. The board has conducted the workshop before the upcoming budget 2019-2020 preparation. The trainer Director (Finance) at STI, Establishment Division Safdar ... Read More »

NAB interrogates Kamran Michael, authorises inquiries against senior politicians

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ISLAMABAD: The National Accountability Board (NAB) authorised 13 inquiries against various personalities, including former MNA Ghulam Rabbani Khar and his daughter Hina Rabbani Khar, authorized 3 investigations against former PM Ch. Shujaat Hussain and former Punjab CM Ch. Pervaiz Elahi and started interrogation against former ports and shipping minister Kamran Michael over allegations of corruption and misuse of authority. Chairman ... Read More »

FBR to issue Fifth Tax Directory on February 22

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ISLAMABAD: Federal Board of Revenue (FBR) is all set to issue the Fifth Tax Directory of all taxpayers including tax details of parliamentarians for the Tax Year 2017 on February, 22. Official sources told Customs Today that the board after approval from federal cabinet has finalized the Fifth Tax Directory for the Tax Year 2017 where the Tax Directory is ... Read More »

Prize bonds business posts positive growth after stern action of FBR

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ISLAMABAD: After the stern action taken by the Federal Board of Revenue (FBR) against the tax evaders, the investment in prize bond business has been improved to whiten the black money. Sources told Customs Today that the board has observed that investment in the prize bond business has been increased in recent times after stern action against the big tax evaders while ... Read More »

Advance tax not collected on arbitrary grounds: FBR

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ISLAMABAD: Federal Board of Revenue (FBR) clarified on Friday that advance tax is not collected on arbitrary grounds. Federal Board of Revenue (FBR) has clarified certain media reports appearing in a section of the press claiming “advance taxes give artificial boost to revenue collection”. In a statement issued today, FBR has termed the news report as misconceived and misguiding as ... Read More »

FBR directs to recover Rs181.36m from M/s Samad Enterprises & M/s Jawed Sons

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ISLAMABAD: Federal Board of Revenue (FBR) has directed the Regional Tax Office Karachi II to recover Rs181.36 million from two black listed persons, namely M/s Samad Enterprises and M/s Jawed Sons. The persons were allowed sales refunds by RTO Karachi. FBR directed the RTO to fix the responsibility against the persons at fault and start legal proceedings for expeditious recovery of ... Read More »