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Tag Archives: Federal Board of Revenue

FBR fixes Rs196b revenue target for Oct, Rs677b for 2nd quarter

tax target

ISLAMABAD: To achieve the annual revenue target of Rs2,810 billion, Federal Board of Revenue (FBR) has announced maximum targets for October as well as for second quarter (Oct-Dec) of financial year 2014. Sources said that FBR has fixed Rs196.4 billion revenue collection target for the month of October, while target for second quarter has been fixed at Rs676.9 billion. FBR ... Read More »

PCDMA asks FBR to end ‘audit discrimination’

Tax

KARACHI: Pakistan Chemicals & Dyes Merchants Association (PCDMA) has urged Federal Board of Revenue to end discrimination among commercial importers for audit through random computer balloting. PCDMA Chairman Muhammad Haroon Nisar Numberdar, addressing the 41st annual general body meeting, said that commercial importers had always been struggling for smooth production activities through supplying without interest raw materials to industries. He ... Read More »

Textile exporters urge FBR to release tax refunds

Textile

KARACHI: The textile exporters have urged Federal Board of Revenue (FBR) to release the sales tax refund and customs rebates, which is creating enormous cash problem for the value-added sector. Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Southern Zone Chairman Muhammad Babar Khan said that despite Finance Minister Ishaq Dar’s assurance, huge amount was blocked with FBR and no payment ... Read More »

FBR re-designates Member HRM & Training posts

FBR

ISLAMABAD: The Federal Board of Revenue, in partial modification of office order No 201(1)S-MIR/2013 dated December 12, 2013, issued by Secretary Revenue Division, has re-designated the post of Member (HRM) BS-22 as Member (HRM) BS-21 and the post of Member (Training) BS-21 as Member (Training) BS-22 with immediate effect. Read More »

Achievable tax target

revenue

Taxes are considered the major source of income in developed economies where most of the citizens voluntarily pay taxes as a national obligation. The money collected through taxes is used to run the official machinery and development projects, but in Pakistan, tax culture has not been fully introduced and citizens are also skeptical of the tax system as a whole. ... Read More »

IR officials flay manual tax refund system

Manual Tax Refund System

KARACHI: The Inland Revenue senior officials have revealed their apprehension over the manual refund system, claiming it would direct us to ‘corruption’, as Federal Board of Revenue (FBR) has given flexible powers to commissioners and other officials. Sources at the Karachi Regional Tax Office (RTO) exposed that during the last decade, FBR had given attention on the computerisation of tax ... Read More »

FBR to revise transfers, postings mechanism

FBR-logo4

ISLAMABAD: Federal Board of Revenue (FBR) is working to revise a proper system of transfers/postings, through which the officials’ transfers and postings could be made with the consultation of Human Resource Management Wing of FBR. Sources said that the proposal of establishing the mechanism was given in the Board-in-Council meeting. “After implementing the proposal, transfer/posting of any FBR official will be ... Read More »

11 IR/PCS officers of BS 18-20 relinquish charges

FBR

ISLAMABAD: Federal Board of Revenue has issued notifications regarding charge relinquishment of Inland Revenue Service and Pakistan Customs Service officers of BS 18 to 20. As per details, in pursuance of Establishment Division Notification No 1/84/2014-E4, dated 19.02014, Imtiaz Ahmad Dev BS-20 officer of Inland Revenue Service has relinquished the charge of the post of Commissioner-IR (WHT), Regional Tax Office, ... Read More »

FBR fails to achieve first quarter tax collection target by Rs22b

target-miss

ISLAMABAD: Federal Board of Revenue (FBR) has failed to achieve the monthly and first-quarter revenue collection targets mainly owing to devastating floods in the country. The Board missed the first-quarter tax collection target by Rs20 billion, which has also raised the question about achieving of annual target of Rs2.81 trillion. As per details, FBR collected Rs549billion from July to September, ... Read More »

Bajwa warns against undue protocol to relatives of FBR officials at airports

Bajwaaa

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa has directed the security personnel and field formations to take orders only from FBR protocol officers and barred them from following any order or instruction from other protocol officers. The FBR chairman has taken the step after complaints of wrong use of powers against rules and regulations by some FBR officers. Sources ... Read More »

Three IR officers of BS 18-19 relinquish/assume charges

FBR logo5

ISLAMABAD: Federal Board of Revenue (FBR) has issued notifications regarding relinquishment/assumption of charges of the Inland Revenue Service officers (BS18-19). As per details, in pursuance of Board’s Notification No 180-IR/2014, dated 15.092014, Tahsen Muzaffar Ch BS-19 officer of Inland Revenue Service has relinquished the charge of the post of Additional Commissioner-IR, Regional Tax Office, Gujranwala. He has assumed the charge ... Read More »

KCCI asks FBR to simplify income tax returns filing procedure

KCCI

KARACHI: Local industrialists and businessmen have urged Federal Board of Revenue (FBR) to further make easier new rules of filing income tax returns to enhance tax base of the country. Karachi Chamber of Commerce and Industry (KCCI) President Abdullah Zaki, in a statement, demanded that the status quo should be restored to tax year 2013 in order to ensure smooth ... Read More »

Customs Today gets list of 62 tax evading FBR officers

tax

Federal Board of Revenue suspends performance allowance of 62 officials for three months for their failure to file income tax returns ISLAMABAD: The Federal Board of Revenue (FBR) has suspended performance allowance of 62 officials for three months after they failed to file their income tax returns for 2013. They include 25 Customs, 26 Inland Revenue, six ex-cadre and five ... Read More »

Crackdown on pharma raw-material importers soon

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KARACHI: The Model Customs Collectorate Appraisement-West has planned to start a crackdown on importers of pharmaceuticals raw material, for misusing SRO551 in clearance of the material under PCT Headings 2933.5940 and 2933.5990; sources told Customs Today. According to the Federal Board of Revenue (FBR) sources, the Appraising Intelligence Branch (AIB/R&D) of MCC-Appraisement-West has written a letter to the authorities concerned, ... Read More »

FBR Chief Bajwa urged to approve service structure for employees

FBR Chief

PESHAWAR: Federal Revenue Alliance (FRA) Peshawar chapter has urged Federal Board of Revenue (FBR) Chairman Tariq Bajawa to approve their service structure and ensure 100 per cent Son Quota for the employees. Talking to Customs Today, FRA Peshawar chapter President Mohammad Irshad Baghi said that like other parts of the country, FBR employees in Peshawar office were also languishing in ... Read More »

FBR to take action against 200 corrupt officials

fbr

KARACHI: On the orders of Prime Minister and Finance Minister, Federal Board of Revenue (FBR) has started a drive against corrupt officials to wipe out criminal elements from the revenue authority for increasing tax collection Sources said that FBR has ordered all the field offices to complete disciplinary proceedings in seven days against officials involved in corruption and misconduct. Finance ... Read More »

Khawaja Tanveer relinquishes charge of Member Accounting

FBR logo5

ISLAMABAD: Khawaja Tanveer Ahmad BS-21 officer of Inland Revenue Service has relinquished the charge of the post of Member (Accounting), Federal Board of Revenue (HQ), Islamabad. According to FBR Notification No 1893-IR-I/2014, Khawaja Tanveer Ahmad has assumed the charge of the post of Member (HRM), FBR (HQ), Islamabad on the same date. Read More »

Nadeem Arif assumes charge of Commissioner-IR Lahore

FBR

ISLAMABAD: In pursuance of Federal Board of Revenue (FBR)’s Notification No 1799-IR-I/2014, dated 15.09.2014, Muhammad Nadeem Arif BS-20 officer of Inland Revenue Service has relinquished the charge of the post of Commissioner-IR (Special Zone), Regional Tax Office, Multan. He has assumed the charge of the post of Commissioner-IR (Zone-X), Regional Tax Office-II, Lahore. Read More »

FBR tells 62 officials to submit tax returns to get allowance

Member Admin

ISLAMABAD: The Federal Board of Revenue (FBR) has suspended the performance allowance of 62 officials between Grade 17 and 19 for not submitting their income tax returns. The FBR has issued a notification in this regard. However, the FBR Chairman Tariq Bajwa has barred the officials concerned from publishing the notification on the official website. According to the notification, if ... Read More »

PTBA asks FBR to extend tax filing date

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KARACHI: The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to extend the date of filing income tax returns by two months beyond the end date September 30. The PTBA, in a letter to FBR Chairman Tariq Bajwa, said that only 14 days time was given to file the tax return and wealth statement, which ... Read More »