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Tag Archives: E-Filing

FBR helpline at LTU Karachi to facilitate taxpayers in e-filing of returns

E-filing

KARACHI: The Large Taxpayers Unit (LTU) of Karachi has launched a helpline to facilitate the taxpayers, who were facing problems in filing their returns through Federal Board of Revenue’s (FBR) e-filing software i.e. Integrated Risk Information System (IRIS). FBR had launched this software this year on its web-portal but it ‘failed’ to facilitate the taxpayers, that is why the Board ... Read More »

Official urges FBR not to extend filing date of tax returns

FBR

 LAHORE: The Federal Board of Revenue (FBR) should not extend filing date of income tax returns every year in violation of its policies, an FBR official told Customs Today. Seeking anonymity, the official said that according to the tax ordinance the final date of submitting the returns was August 31, while the department extended the date by violating the ordinance. He said ... Read More »

ICCI calls upon FBR to simplify e-filing of tax returns

E-filing

ISLAMABAD: The business community in a meeting at Islamabad Chamber of Commerce & Industry expressed concerns over the complicated e-filing system of tax returns and called upon the Federal Board of Revenue to simplify it in order to make it more user-friendly and easier for taxpayers. Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce and Industry addressing the meeting said ... Read More »

FBR extends date for filing IT returns till October 31    

tax return

  ISLAMABAD: The Federal Board of Revenue (FBR) has extended the last date for filing of income tax returns till October 31 to facilitate the taxpayers. Earlier, the last date was September 30.  The date has been extended on the direction of Finance Minister Ishaq Dar.  The FBR has established 200 desks for this purpose to facilitate taxpayers. The one-month ... Read More »

Court issues non-bailable warrants for arms smuggler

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KARACHI: The Customs and Taxation Court Special Judge Soofia Latif issued non-bailable warrants for Javed Sami, accused of smuggling arms and ammunition at Jinnah International Airport Karachi last month. Sami was caught with arms and ammunition in his personal baggage and remanded to FIA custody. Sources informed Customs Today that customs has recovered 25 parts of pistol and 97 magazines from ... Read More »

Federations of Pak-Indian chambers join hands to enhance bilateral trade

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ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Federation of Indian Chambers and Commerce (FICCI) have signed an agreement to enhance bilateral trade between the two countries. The agreement was signed between both the representative bodies of traders on the sidelines of the Alishaan Pakistan Expo recently concluded in the Indian capital New Delhi. FPCCI Vice President ... Read More »

Dastgir to visit Netherlands to improve trade ties

Khurram Dastgir

ISLAMABAD: Federal Commerce Minister Khurram Dastgir is scheduled to start a four-day official visit to Netherlands on coming Tuesday. The invitation for this visit was extended by Dutch Minster for Trade Ms Liliame Ploumen during her visit to Pakistan in May this year. During his stay in Amsterdam, minister will hold meetings with Dutch officials on matters of bilateral interest ... Read More »

Bajwa assures tax relief for solar industry

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ISLAMABAD: Pakistan Solar Association Vice Chairman Nouman Yousafzai asked Federal Board of Revenue Chairman Tariq Bajwa to give tax compensation in solar system, in a meeting here on Wednesday. As per details, Nauman Yousaf was of the view that by reducing tax value more public could be benefitted from solar power in recent energy crisis faced by country. FBR chairman ... Read More »

SC orders Dewan Cement to pay customs duty after 19 years

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KARACHI: The Appraising Intelligence Branch of Model Customs Collectorate Appraisement-West is finally succeeded in managing its outstanding recovery of nearly Rs 80 million from Dewan Cement Limited (Pakland Cement) on its alleged involvement in tax evasion of Rs 86.84 million customs duty and sales tax. According to details, the case has been decided by Supreme Court of Pakistan (SCP) after ... Read More »

FBR to remove flaws in sales tax collection

sales tax

ISLAMABAD: The Federal Board of Revenue (FBR) has intensified its efforts to remove flaws in sales tax collection to achieve the yearly target  for FY 2014-15. As per details, FBR Chairman Tariq Bajwa and all members were briefed in a presentation on improvements in the collection system to collect sales tax. In the presentation members presented suggestions to remove flaws ... Read More »

Issue of fertilizer subsidy

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According to newspaper reports, the Ministry of National Food Security and Research is dilly-dallying the issue of subsidy on fertilizers, leaving little room for the farmers to enthusiastically participate in the next season crops. The use of fertilizers is the basic element in the modern farming and the growers deserve every facility from the government, but the present situation will ... Read More »

Circular debt – again  

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Circular debt is the money which various government departments owe to PEPCO as electricity charges. When the government departments do not pay for the power they use, PEPCO fails to pay to various power producing units from where it purchases electricityand the power producing units cannot pay to oil companies to purchase fuel. This creates a circle of debt which ... Read More »

China Customs to enhance efforts against infringement through mail

China Customs

BEIJING: China Customs in a notice has said that they were trying to intensify efforts against the infringement activities carried out through using the express mail service. The Customs Intellectual Property Rights enforcement has set the target to end the infringement in the latter half of the year 2014. As per details, administration of Customs has issued a notice a ... Read More »

PTBA cries foul at glitches in ST registration

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ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has written in to the FBR chairman complaining about difficult and time-consuming procedure for sale tax registration. In a letter to FBR Chairman Tariq Bajwa, the PTBA pointed out that the current system for ST registration was time-consuming as it required two to three months to get a manufacturing unit registered for sales ... Read More »

LHC disposes of petition by SM Foods seeking quashing of FIR

High Court Multan

MULTAN: The Multan bench of the Lahore High Court (LHC) has disposed of a petition filed by Saim Mobeen Food Company in case of mis-declaration of imported goods from Austria. The quashing of the FIR filed by the Saim Mobeen Food Company in case of mis-declaration in the import of iron rods used in the baking of biscuits was disposed ... Read More »

FBR Chairman Bajwa seeks list of seized vehicles from all collectorates

Bajwa

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Tariq Bajwa has sought all model customs collectorates to provide the details of all seized non-customs paid vehicles. As per details, in a notification issued by chairman office, it was stated that all model customs collectorates should send lists of non customs paid vehicles at warehouses and ports, seized by customs. It ... Read More »

US asks 5 European countries to set up preclearance checkpoints

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NEW YORK: The United States has asked five European countries to establish preclearance checkpoints at airports for customs and immigration. The advance checkpoints for foreign travel were recently available only in Canada, the Caribbean, Ireland and the United Arab Emirates. As per details, US has approached England, France, the Netherlands, Germany and Sweden about the set up without making a ... Read More »

Revenue Alliance Union asks FBR chief to accept demands

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LAHORE: The Federal Revenue Alliance Employees Union (FRAEU) FBR Pakistan has sent a letter to the FBR chairman, asking him to accept their charter of demands or the union will call for a strike. The union reiterated its demands in the letter regarding the service structure policy for FBR employees from BS-1 to BS-16, grant of one time scale to ... Read More »

Traders seek govt permission to import textile machinery from India

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ISLAMABAD: Traders and textile groups have asked the federal commerce ministry to allow them imports textile machinery from India. As per details, importers want to import boilers and gear boxes via Wagha Border as the cost of import is much higher in Karachi. Sources told Customs Today that some traders have imported gear boxes for textile machinery via Wagha Border ... Read More »

Customs reveals another multi-million scam by Telenor

Telenor

ISLAMABAD: The Directorate General Customs Intelligence and Investigation Islamabad has brought another mega scam of Rs 23 million duty evasion by Telenor into light. As per details, the customs has issued notice to the telecommunication service provider, Telenor, for its alleged involvement in another Rs 23 million duty evasion in mis-declaration/mis-classification. Telenor has assured the customs that they were ready ... Read More »