Category: FBR

FBR, Finance

Electricity and Gas Consumers Under FBR Radar

FBR formations are directed to ensure that all industrial and commercial consumers of Electricity and Gas distribution companies are registered under and file return of income, if required. Such consumers, who have not yet filed return of income to avail extension in time. WAPDA should provide an easy way to change the name in case of inheritance, rent or purchase of property. There should be … Continue reading Electricity and Gas Consumers Under FBR Radar

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FBR, Finance, News

FBR WARNS NON FILERS

FBR reiterates that every person owning a car above 1000 cc and a house measuring 500 sq. yards or above is mandatorily required to file return of income irrespective of having any taxable income during the year. Penal actions will be taken against delinquents. Avail extension. Continue reading FBR WARNS NON FILERS

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Economy, FBR, News, Real Estate

Real estate transactions under FBR’s scrutiny

The Federal Board of Revenue (FBR) has started scrutiny of real estate transactions under one-time tax amnesty to see if they complied with the valuation table, it emerged on Friday. “Any amount paid under the scheme that is higher than the FBR valuation and is not disclosed in annual return by a person will be treated as concealed income,” a senior official at Regional Tax … Continue reading Real estate transactions under FBR’s scrutiny

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FBR, Finance, News

No unauthorised communications allowed with FBR staff

FBR will very soon issue very strict instructions to all officers, employees and staff of all formations of FBR not to interact with businessmen through personal visits, telephone calls, cell phone messages or emails. Automated / authorised system will be only manner to interact. From November 1, 2019 strict enforcement will be made against unauthorised interaction between FBR staff and business community. Business community is … Continue reading No unauthorised communications allowed with FBR staff

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FBR, Imports, News

New Tax System for Imported Cars launches Next Month- FBR

The Federal Board of Revenue (FBR) has decided to do away with the system of clearing inbound automotive parts on weight basis. In the coming days, custom duties and other taxes on the imported automotive parts will be imposed on per unit basis. Earlier this month in Karachi, PAAPAM representatives held a meeting with senior FBR officials lamenting the losses incurred to the national exchequer … Continue reading New Tax System for Imported Cars launches Next Month- FBR

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FBR, News

Urdu Website launched for Facilitating Taxpayers- FBR

Chairman Federal Board of Revenue (FBR) Syed Muhammad Shabbar Zaidi has inaugurated an Urdu website by FBR to facilitate the taxpayers. Member Facilitation and Taxpayer Education (FATE) Mustafa Sajjad Hassan and Chief FATE Tehmina Aamer briefed the FBR chairman about the features of the Urdu website. Senior officers of FBR HQ, Member Administration Nausheen Javed Amjad, Member IR Operations Seema Shakil, Member Customs Operations Jawwad … Continue reading Urdu Website launched for Facilitating Taxpayers- FBR

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FBR, Finance, News, Pakistan

Pak Cuisine charging GST/SST but no SNTN on receipt 😲

Iqrar Ul Hassan, journalist at ARY News and host of Sar-e-Aam, owns a restaurant in Karachi called Pak Cuisine. Recently a famous tweeter @DaPakiGuy visited the restaurant and was charged 13% GST but the receipt did not include any STRN or SNTN. It requires SNTN as it is a restaurant operating in Sindh. But the SNTN is absent from the receipt. Hence it is illegal … Continue reading Pak Cuisine charging GST/SST but no SNTN on receipt 😲

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Economy, FBR, Taxation

7 billion collected on Mobiles only!

The Senate Standing Committee on Finance, Revenue and Economic Affairs was informed on Thursday that the government has received Rs 7 billion additional tax in last six months after it imposed the Customs Duty on mobile phones for overseas Pakistanis. The Federal Board of Revenue (FBR) and other relevant government institutions during this period observed that duty imposition on imported mobile had a positive impact … Continue reading 7 billion collected on Mobiles only!

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