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Press Release

Extension in warehousing period and waiver of penal surcharge on overstayed warehoused goods

The Federal Board of Revenue has provided relief to the business community by extending the warehousing period and waiving off the penal surcharge on overstayed goods, lying un-cleared in the Customs Bonded warehouses. This measure has been taken to facilitate the trade and industry and commercial importers who have not been able to clear their […]

Press Release

FBR concentrates on Withholding taxes–action envisaged against defaulting Withholding agents

The FBR has decided to re-inforce its resources on monitoring of Withholding Taxes. The Tax Reform Coordination Groups was also apprised of the campaign being launched for this purpose during its meeting held in FBR on 1st May, 2012. The Income Tax and Sales Tax laws provide the prescribed persons to withhold the tax at […]

Press Release

Finance Minister reviews the proposals of the Tax Reforms Coordination Group

The Tax Reforms Coordination Group (TRCG) met in FBR today, under the chairmanship of Federal Minister for Finance Dr. Abdul Hafeez Sheikh. Chairman FBR Mr. Mumtaz Haider Rizvi, in his opening remarks informed the Minister about the discussions so far held between the TRCG and FBR. Exclusive discussions on policies and strategies to improve the […]

Press Release

Custom Houses and RTOs / LTUs to remain open till 18:00 on 27th and 28th April 2012 and till 22:00 hours on 30-4-2012

All Model Customs Collectorates / Large Tax payer Units/Regional Tax Officers/Tax Facilitation Centers shall remain open till 18:00 hours on 27-4-2012 and 28-4-2012 and till 22:00 hours on 30-4-2012 in order to facilitate the trade and industry in getting their cargo cleared for imports and exports and for receiving of returns and payment of duty […]

Press Release

Officers of 96th National Management Course visit FBR Headquarters

Senior bureaucrats undergoing the 96th National Management Course visited FBR headquarters here today. The 61 officers and 11 faculty member group was led by Rector of National School of Public Policy (NSPP) Mr. Ismail Qureshi. FBR’s Member (SP&S) Ms. Azra Mujtaba briefed the visiting officers on the history, structure, significance and working of FBR. The […]

Press Release

STAY IN REVENUE MATTERS CAN NOT GO BEYOND SIX MONTHS – REVENUE COLLECTING AUTHORITIES ARE WELL WITHIN THEIR RIGHT TO RECOVER TAXES – CHIEF JUSTICE OF PAKISTAN

The Honorable Chief Justice of Pakistan, Mr. Justice Iftikhar Muhammad Chaudhry, while addressing the concluding session of the International Judicial Conference, held a few days ago, said that “To streamline the expeditious disposal of cases pertaining to assessment or collection of public revenues, it is desirable that sufficient courts are established.” The Honorable CJP said, […]

Press Release

Chairman FBR meets FPCCI / KCCI representatives

Chairman FBR Mr. Mumtaz Haider Rizvi today held a meeting in Karachi with FPCCI / KCCI committee for Recovery of unlawful / illegal Sales Tax Input Adjustment. Extensive discussion was held between the Committee and the FBR team to resolve the pending tax related issues. The Chairman on this occasion said that unlawful / illegal […]

Press Release

Chairman holds meeting with TRCG to discuss budget proposals

Chairman FBR Mr. Mumtaz Haider Rizvi held a meeting with the Tax Reforms Core Group (TRCG) in Karachi today to discuss budget proposals for FY 2012-13. Different budget proposals received from various stakeholders, as well as the budget proposals drafted by FBR, were discussed during the meeting. The Chairman said that FBR is utilizing all […]

Press Release

Chairman FBR meets management of KESC to resolve tax issues

Chairman FBR Mr. Mumtaz Haider Rizvi held a meeting with Mr. Farrukh Junaidi and the management of Karachi Electric Supply Company (KESC) in Karachi today. The meeting was held to discuss and resolve the issue of recovery of default surcharge from KESC for which notices were issued by LTU Karachi, and other tax related matters […]

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