Pak Customs Business Web Portal

In order to ensure deposit of the outstanding principal amount of Customs duty by 30th June, 2012, the Federal Government has remitted whole amount of penalties, fine and surcharge under section 202A, payable by a person against whom an amount of customs-duty is outstanding on account of any audit observation, audit report, demand notice or…

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FBR takes yet another taxpayer facilitation measure by ensuring the State Bank of Pakistan, National Bank of Pakistan and NIFT to remain open for extended hours as per following schedule: Thursday 28th June, till 06:00 P.M., Friday 29th June, till 08:00 P.M. and Saturday the 30th June, till 10:00 P.M. so that the taxpayers are…

Read More “FBR ENSURES OPENING OF SBP, NBP AND NIFT DURING 28TH TO 30TH JUNE, 2012 FOR EXTENDED HOURS” »

FBR sets yet another milestone in taxpayer facilitation by introducing automated information system for taxpayers to discharge their tax liabilities more conveniently. The initiative was taken by FBR’s Facilitation and Taxpayer Education Wing, headed by a Senior Member, Ms. Riffat Shaheen Qazi. The project was successfully launched today by Chairman, FBR, Mr. Mumtaz Haider Rizvi…

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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…

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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…

Read More “Extension of the date for payment of Taxes/Duty and Filing of Sales Tax/Federal Excise Duty Returns for the period June 2012 for all registered persons” »

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…

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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…

Read More “FBR Waives off Penal Surcharge on Overstayed Goods by Extending the Warehousing Period up to 30th June 2012” »

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…

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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…

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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…

Read More “FBR Intensifies efforts to recover Withholding Tax” »