Category: Press Release

Press Release

Extended working hours of SBP field offices, NIFT and NBP on 31st May, 2012

As requested by the Federal Board of Revenue, the State Bank of Pakistan has issued instructions to SBP BSC field offices, to NIFT and to NBP to remain open for extended hours till 8:00pm (2000 hrs) on 31st May 2012, to facilitate trade and industry in getting their cargo cleared for imports and exports and […]

Press Release

FBR Intensifies efforts to recover Withholding Tax

The Federal Board of Revenue has identified 119,870 non-filer salaried persons, drawing annual salary of more than 5 lacs. They were required to e-file their Returns of Income for tax year 2011 on e-portal of FBR but they did not discharge their legal obligation on this count. The information regarding these non filers has been […]

Press Release

FBR and all of its field offices to observe full working hours tomorrow on Friday the 25th May

Chairman, FBR has directed that FBR Headquarters as well as all of its field offices shall observe full working hours on Friday the 25th May, 2012 (i.e. from 08.30 am to 04:00 pm) with lunch and Juma Prayer break from 01:00 pm to 02:00 pm. An Office Order in this regard has been issued to […]

Press Release

FBR attaches PTA Accounts in its ongoing Tax Recovery drive. Recovery action on PTA

FBR in its ongoing campaign to recover outstanding tax liabilities against various companies, the Large Taxpayers Unit (LTU), Islamabad has attached all Bank Accounts of the Pakistan Telecommunication Authority (PTA) which owed Rs.3.6 billion to the exchequer on account of Income Tax. The PTA was served with recovery notice under Section 138(10 of the Income […]

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 […]

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