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Tag Archives: Regional Tax Offices (RTOs)

FBR takes exception to misuse of SRO 77(I)2013 by sugar sector

Sugar

KARACHI: Taking strong exception to serious irregularities in collection of sales tax, Federal Excise Duty (FED) and income tax from sugar sector, the Federal Board of Revenue (FBR) has directed the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to act on the report of Directorate General Audit, Inland-Revenue (South), Karachi. According to reports, the sugar sector has committed ... Read More »

FBR promotes four inspectors in RTO Peshawar

promotion

PESHAWAR: Four inspectors of Federal Board of Revenue in Khyber Pukhtunkhwa have been promoted as Inland Revenue officers. Sources in Regional Tax Office, Peshawar said that those who were promoted included Inspector Mohammad Rafiq, Inspector Rastbaz Khan, Inspector Mohammad Maroof and Inspector Persan Khan. All of the four inspectors belonged to Region Tax Office, Peshawar. Read More »

FBR recovers Rs 3.6 m from Anwar Steel Mills’ bank account

Recovery

LAHORE: FBR’s Regional Tax office seized bank account of Anwar Steel Mills, recovering Rs 3.6 million as tax liability for the Tax Year 2011. The total amount of taxes owed by the mill was over Rs 10,363,000. However, FBR did not succeed in recovering Rs 6,763,000 due to insufficient balance in bank account of the company. Sources said that FBR ... Read More »

FBR directs all regional offices to take stern safety measures

Bajwa security

ISLAMABAD: Owing to the current security concerns, Federal Board of Revenue on the directives of Chairman Tariq Bajwa has directed all offices including Regional Tax Offices, Large Taxpayers Units, Customs Houses and Dry ports to take strict measures for ensuring safety of the offices. Entry of visitors into FBR Headquarters in Islamabad has been restricted to a particular limit. Rules ... Read More »

FBR seizes Umar Akmal’s bank accounts

Umar Akmal

LAHORE: Federal Board of Revenue has seized 4 accounts of cricketer Umar Akmal in Dubai Islamic Bank. Sources informed that Umar Akmal has to pay Rs 3.6 million to FBR as tax. They said that the cricketer has been evading tax for the last three tax years. Regional Tax Office Lahore has seized four account of Umar Akmal. Meanwhile, the ... Read More »

Flouting rules: FTO rejects Transparency International plea against FBR officials

FTO1

ISLAMABAD: Federal Tax Ombudsman Abdur Rauf Chaudhry rejected the Transparency International Pakistan allegations levelled against FBR officials, alleging that these officials had bypassed rules and regulations of international supply tenders by granting GST zero rating to particular individuals, causing Rs 12 billion loss to national exchequer. However, FTO Chaudhry ruled that the Federal Board of Revenue had failed to explain ... Read More »

Massive ST evasion scam unearthed

salestax

ISLAMABAD: The Computerised Risk-Based Evaluation of Sales Tax has detected around 250 to 300 Sales Tax persons involved in a massive scam of sales tax evasion by showing dummy business transactions to claim illegal input tax adjustment, causing huge loss to the national kitty. As per details, more than over 250 to 300 units falling within the jurisdiction of Regional ... Read More »

FBR seizes only Rs 12,500 out of Rs10m tax liability of Moeez Steel

letters13co

LAHORE: Federal Board of Revenue has only been able to recover Rs 12,500 out of the tax liabilities worth Rs 10 million by seizing accounts of Moeez Steel Industry located at the Momin Pura Road. Sources said that Regional Tax Office team raided Askari Bank Limited in order to recover tax liabilities of Moeez Steel Industry for the tax year ... Read More »

FBR asks 73 car dealers to declare their assets

showroom

LAHORE: Federal Board of Revenue has issued notices to at least 73 car dealers in Lahore asking them to declare their assets by June 10. Sources said that FBR has issued notices following preparation of a special report disclosing that the motor car dealers were possessing extraordinary assets. However, they were mis-declaring their incomes hereby evading huge taxes inflicting heavy ... Read More »

Lahore Tax offices collect Rs260b in 10 months

RTO-II

LAHORE: Federal Board of Revenue has collected Rs 260 billion on account of income tax, sales tax and excise duty in 10 months of the current Fiscal Year 2013-14 in Lahore region, official sources said. Large Taxpayers Unit, Regional Tax office I and II collectively gathered the amount under the heads of sales tax, income tax and federal excise duty ... Read More »

FBR seizes bank accounts of Al Moeez sugar mill, recovers Rs3m

open-bank-account

LAHORE: Federal Board of Revenue has recovered Rs 3 million from bank account of Al Moeez Sugar Mill in Bank Alfalah Branch in Gulberg. According to details, Al Moeez Sugar Industries was to pay Rs 80 million as taxes for the Tax Year 2012-13. However, the Sugar Mill did not pay due taxes despite repeated notices to the mill owners, ... Read More »

FBR seizes Rs17m tax from Sinaco Industries account

Tax net

LAHORE: Federal Board of Revenue Regional Tax Office has recovered Rs 17,354,394 from account of Sinaco Industries (Pvt) Limited, a construction company, official sources said. The Board had issued a number of notices to the company informing it to pay tax for the Tax year 2012-13. Finally the Board seized the company account at the Meezan Bank Model Town branch ... Read More »

FBR to deduct tax on income drawn from rented buildings

tax time1

LAHORE: Regional Tax Offices I and II have planned to bring into tax net owners of the buildings rented to private banks, hospitals, departmental stores, according to sources. Sources said that according to a survey conducted by the Regional Tax Offices of Lahore, most of the owners of the buildings who rented their properties to the banks, hospitals and other ... Read More »

Only Rs468m recovered: Poor ST, FED dues recovery draws FBR ire

Target

ISLAMABAD: The slow pace of recovery of sales tax and federal excise duty arrears by about 21 Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) has drawn attention of the Federal Board of Revenue and the board has directed the high-ups concerned to speed up recovery. It is to be noted that 21 LTUs and RTOs could recovered only ... Read More »

FBR holds taxpayers facilitation workshop in Lahore

FBR FATE workshop

LAHORE: Federal Board of Revenue has held an interactive workshop at Directorate of Training (DOT), Lahore to interact with the withholding agents.The roles and responsibilities of withholding agents were explained in depth. Awareness of e-services extended to them through FBR’s portal was elaborately explained. Chief Commissioner Shafqat Mahmood of RTO-I Lahore hosted the workshop. He welcomed the chief guest Riffat ... Read More »

FTO’s recommendations: RTOs, LTUs asked to toe the line prior to fresh assessment

FTO2

ISLAMABAD: The Federal Board of Revenue (FBR) has directed the Regional Tax Offices (RTOs) and Large Tax Units (LTUs) to implement the Federal Tax Ombudsman (FTO) recommendations prior to any fresh assessment as it is their bounden duty to implement the FTO’s orders in letter and spirit. According to details, the FBR has also issued instructions to the RTOs and ... Read More »