Pak Customs Business Web Portal
Useful information for businessmen
FBR takes yet another taxpayer facilitation measure by simplifying income tax return forms which include; Return Form for Individuals and AOPs (IT-2 Form), Corporate Return Form for Companies (IT-1 Form), Wealth Statement Form (WS1/2 Form), and Wealth Reconciliation Form (WS 2/2 Form). Whereas, a new simplified Income Tax Return Form (IT-4) for Individual Retailers is […]
In order to facilitate all registered persons, Federal Board of Revenue has extended the date of payment of taxes/duty and filing of Sales Tax/Federal Excise returns upto 25th July, 2012 for the tax period June, 2012. The due date for such payment and filing of returns for the tax period of June, 2012 was 15th […]
Federal Board of Revenue is pleased to extend the date for filing of Sales Tax/Federal Excise Return and payment of Taxes/Duty thereon up to 25th June, 2012, for the tax period May, 2012, for all registered persons. The decision has been taken by the FBR in exercise of the powers conferred under section 74 of […]
In a bid to provide relief to the business community, FBR has decided here today to further extend warehousing period and waive off the penal surcharge on overstayed goods, lying un-cleared in the Customs Bonded warehouses up to 30th June, 2012. This measure will facilitate the trade and industry and commercial importers who have not […]
FBR has decided to extend the date for availing the “Default Surcharge and Penalty Waiver Scheme” under SRO-547(I)/2012 and SRO-548(I)/2012 upto 25th June 2012, in view of the positive response of the taxpayers for availing the said scheme. FBR had earlier announced a “Default Surcharge and Penalty Waiver Scheme” through SRO-547(I)/2012 of Income Tax and […]
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 […]
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 […]
Pakistan Mobile Communication Ltd (Mobilink) owed Rs. 8.6 billion to the exchequer on account of mis-declaration of Sales Tax and FED. The Income Tax Appellate Tribunal recently upheld the decision of LTU, Islamabad and confirmed the payable tax amount of 8.6 billion rupees. On receiving the decision of the Tribunal, Syed Ijaz Hussain, Chief Commissioner, […]
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 […]
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 […]