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Tag Archives: FBR Chairman

Senior Customs officials critical of FBR management section

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KARACHI: Some of the senior officers of Pakistan Customs have strongly criticised the management section of Federal Board of Revenue and demanded the FBR Chairman and Member Customs to take immediate notice of its incompetency and inefficiency. They were of the view that the management section of FBR was violating and ignoring the service rules and regulations and not following ... Read More »

Bajwa briefs Dar on phase-wise SRO withdrawal

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ISLAMABAD: Federal Board of Revenue Chairman has delivered a detailed presentation to Finance Minister Ishaq Dar on the plan for phasing out the Statutory Regulatory Orders (SROs) in three years timeframe. Chairman Bajwa informed that the plan encompasses principles to remove contradictions and distortions. He said that after consultations with the stakeholders the recommendations have been prepared for the committee ... Read More »

Officials propose FBR to introduce two slabs for import duties

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KARACHI: Officials of Pakistan Customs have put forward some recommendations before Federal Board of Revenue Chairman Tariq Bajwa and Member Customs Nisar Muhammad Ali in order to eliminate corruption, tax evasion, mis-declaration and under-invoicing from the customs. According to sources, officers have recommended the introduction of two slabs for duties/taxes one for commercial imports and other for industrial imports with ... Read More »

Customs Intelligence confiscates 912 smuggled LED TVs, tyres

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LAHORE: Directorate General of Intelligence and Investigation-Customs has seized smuggled items worth millions of rupees while raiding shops and warehouses across the country on tip-offs. Sources said DI&I Lahore launched a raid in areas adjacent to vegetable market and confiscated 912 LED televisions and 180 tyres. The items were confirmed to be smuggled and concealed in a warehouse. Anti-smuggling operations ... Read More »

SRO 351(I)/2014: Dar stops implementation, business community jubilant

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ISLAMABAD: Federal Finance Minister Ishaq Dar has suspended the implementation of the SRO 351 of 2014 and formed a committee comprising representatives of traders associations, Chambers of Commerce and Industry and FBR Chairman to review the fairness of the SRO. SRO 351(I)/2014 dated 7-5-2014 conferred upon the officers of the Directorate General Intelligence & Investigation of Inland Revenue, the additional ... Read More »

Rupee appreciation toughens revenue collection: Bajwa

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ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa informed the Senate Standing Committee on Finance that the board was having difficulty to achieve its target in the last quarter (April-June) of 2013-14 due to rupee appreciation. He, however, expressed his hope that the FBR was likely to collect Rs2270 billion to Rs 2275 billion by the end of current ... Read More »

FBR set for phasing out tax exemptions in 3 years, Bajwa tells senate

Bajwa

ISLAMABAD: Federal Board of Revenue is all set for phasing out all the tax exemptions within three years as the total exemptions have reached to Rs. 480 billion. FBR Chairman Tariq Bajwa while briefing the Senate Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatisation said that this step would help enhance over all tax collection. He said that ... Read More »

IBM at Pak-Afghan border: Lack of funds hampering scanners installation

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ISLAMABAD: Lack of requisite financial resources and multifarious challenges being confronted by the Federal Board of Revenue have been hampering the installation of scanners at all exit/entry points on Pak-Afghan border under Integrated Border Management (IBM). As per details, the FBR has been finding it hard to materialize the project of scanners installation as each scanner costs more than Rs40 ... Read More »

Bajwa expresses concern over shortfall in duty collection

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KARACHI: Federal Board of Revenue Chairman Tariq Bajwa in his visit to Customs House, Karachi has held meetings with the high officials of Model Customs Collectorate (MCC) of Appraisement-East, MCC of Appraisement-West, MCC of Port Muhammad Bin Qasim and MCC of Preventive. Sources in FBR Secretariat informed Customs Today that the Collectors of all four collectorates Najeeb-ur-Rehman Abbasi, Muhammad Saleem, ... Read More »

Bajwa briefs lawmakers: FBR proposes e-volume tracing

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ISLAMABAD: If the proposal accepted in the budget for 2014-15, the Federal Board of Revenue (FBR) will introduce “electronic volume tracing”’ through Finance Bill to collect sales tax/excise duty on the basis of actual production of items such as beverages, ghee/cooking oil, fertilisers, etc. Briefing the National Assembly Standing Committee on Industries and Production, Federal Boards Revenue Chairman Tariq Bajwa ... Read More »

17pc ST being charged on CNG supply: Bajwa

CNG

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa said that the government was charging 17 percent sales tax on supply of CNG to consumers. He informed the Senate Standing Committee of Finance that the government was charging supply of CNG at the general sales tax rate of 17 percent of value of supply of CNG to consumers instead of ... Read More »

Wizards fail to woo MPs: Senate body rejects ST Amend Bill

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ISLAMABAD: Sensing violation of the Supreme Courts orders, the Senate Standing Committee on Finance rejected Sales Tax (Amendment) Bill 2014, saying that it will put additional sales tax burden on consumers through CNG stations. The committee chaired by Senator Nasreen Jalil decided not to recommend tabling of the Sales Tax (Amendment) Bill 2014 in the National Assembly. The committee members ... Read More »

Bajwa to meet provincial revenue heads on 23rd

FBR, PRA, SRB, KPRA

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa will meet heads of provincial revenue authorities of Punjab, Sindh and Khyber Pakhtunkhwa to discuss issue of federal excise duty and sales tax on identical services. The meeting is scheduled to be held on April 23, 2014 at FBR House. The services include telecom, franchise, royalty and other certain services. The meeting ... Read More »

Rs3.8b refunded till date: Tariq Bajwa

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Federal Board of Revenue has disbursed Rs 3.8 billion on account of sales tax refund during the period from July 2013 to April 2014 as against Rs 1.8 billion disbursed during the first ten months of previous fiscal year. This was revealed by FBR Chairman Tariq Bajwa while assuring the exporters to accelerate the refund system and forwarded necessary directions ... Read More »

Amount for refund claims doubled: FBR to rope in 0.1m new taxpayers annually: Bajwa

Bajwa

FAISALABAD: Federal Board of Revenue Chairman Tariq Bajwa reiterated the government’s resolve to expand tax net by bringing in new taxpayers, saying that at least 100,000 new taxpayers will be brought into the net annually. Addressing the second All Pakistan Chambers Presidents Pre-Budget Conference at Faisalabad Chamber of Commerce and Industry (FCCI), Bajwa appreciated the FCCI endeavour for holding this ... Read More »

Directory reveals tax paid by top finance officials

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ISLAMABAD: The tax directory of 791,621 income tax return filers has been published by FBR, which has already unveiled the tax directory of parliamentarians. It has also revealed the amount of income tax paid by important officials. According to the tax directory, for the fiscal year ending June 30, 2013, Federal Board of Revenue Chairman Tariq Bajwa paid Rs 183,734 ... Read More »

Bajwa directs collectors to check revenue leakage at import stage

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ISLAMABAD: In a high level meeting with the Chief Collectors and Collectors of Pakistan Customs FBR Chairman Tariq Bajwa has issued directions to usher in thorough scrutiny as to why the customs duty on certain items at the import stage has not correspondingly increased against rise in sales tax collections on same imports. The observations were made in the meeting ... Read More »

Tuesday April 08 -Monday April 14, 2014

Tuesday april 08 monday april 14, 2014

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PRAL decision affects PRA operations: Qutab approaches Bajwa for probe into officer’s termination

Iftikhar Qutab

LAHORE: The Punjab Revenue Authority (PRA) has formally approached FBR Chairman Tariq Bajwa, requesting inquiry into the termination of senior officers of Pakistan Revenue Automation Limited (PRAL) which have been affecting the operations of the PRA and Punjab Excise & Taxation adversely. In a letter to FBR Chairman Tariq Bajwa, PRA Chairperson Iftikhar Qutab regretted that the services of PRAL ... Read More »

Defiance of binding directives: FTO awakens FBR chief to negative tendency

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ISLAMABAD: The Federal Tax Ombudsman (FTO) has written in to the FBR chairman, reminding him of the blatant violation of FBR’s letter No-1 (337) S(TO-II)/2013 by the field formations. Through the letter, the FTO Registrar urged the FBR chairman to look into the matter personally and redress the grievances of taxpayers against maladministration and curb the tendency of inaction and ... Read More »