Tag Archives: FBR

FBR revives circle system to identify potential taxpayers

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ISLAMABAD: Federal Board of Revenue (FBR) has revived income tax circle system to tap potential taxpayers and enhance facilitation for existing taxpayers at district level.

Five customs officials submit asset declaration; performance allowance restored

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KARACHI: Federal Board of Revenue (FBR) on Thursday restored performance allowance (equivalent to 100 percent basic pay) of five customs officials BS-16 on submission of declaration of assets.

Customs collectorates to remain open midnight of June 30 for revenue collection

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ISLAMABAD: Customs collectorates will remain open till mid-night of June 30 in order to facilitate the trade for collection of duty and taxes. The customs stations will also observe extended working hours on June 22, 23, 24 and 29 for the purpose.

FBR imposes up to 60pc regulatory duty on vehicle imports

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ISLAMABAD: Federal Board of Revenue (FBR) has imposed up to 60 percent ad valorem regulatory duty on import of luxury vehicles. The FBR issued SRO 504(I)/2017 on Wednesday to implement the regulatory duty on various goods and vehicles.

Inland Revenue offices to work extended hours before, after Eid holidays for revenue collection

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ISLAMABAD: Federal Board of Revenue (FBR) has made special arrangements for collection of revenue before and after Eid holidays in order to achieve revenue collection target of Rs3,521 billion for current fiscal year.

Dignitaries of UAE, Qatar and Bahrain allowed duty free imports

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ISLAMABAD: The government of Pakistan has allowed duty free imports by dignitaries of UAE, Qatar and Bahrain, which includes household articles and personal effects including vehicles and goods for donation to projects established in Pakistan.

FBR clarifies tax treatment of Islamic financial institutions

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ISLAMABAD: Federal Board of Revenue (FBR) has issued clarification regarding interpretation of certain provisions of the income tax laws in the context of Islamic banking.

Past concessionary SROs to be presented for parliamentary approval

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ISLAMABAD: The government has decided to take parliamentary approval for concessionary SROs issued in the past instead of extending through Finance Bill 2017.

FBR rejects de-registration of three customs agents

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KARACHI: Federal Board of Revenue (FBR) has rejected the application for de-registration of three customs agents and said that the scrutiny revealed that such agents are found in providing services within the federal jurisdiction.

Customs Appraisement South surpasses collection of Rs1 trillion landmark

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KARACHI: Customs Appraisement Southern Region has surpassed the revenue collection figure of one trillion rupees 15 days ahead of closing of fiscal year 2016/2017.