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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

FBR to install ‘electronic monitoring system’ at factories to measure production

ISLAMABAD: The Federal Board of Revenue (FBR) is planning to introduce electronic monitoring system to evaluate the production of different sectors in order to collect accurate taxes from them. As per details, a meeting was arranged under the supervision of FBR Chairman Tariq Bajwa to make consideration over the electronic monitoring system, while four sectors including sugar, cement, beverages and ... Read More »

Traders bodies should submit proposals by Aug 6: Shahid Hussain Asad

ISLAMABAD: Member Income Tax Committee of Federal Board of Revenue and senior member Inland Revenue (Policy) Shahid Hussain Asad has said that members of the income tax committee seeks proposals from traders community and they have asked to submit their proposals to the committee by 4th of August, 2015 or submit the same to traders community representative Zubair Tufail. He ... Read More »

Bajwa to attend meeting with IMF in Dubai

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa will visit Dubai, United Arab Emirates to participate in a meeting with International Monetary Fund (IMF) during the first week of August, 2015. In the meeting, the FBR chairman will brief the IMF authorities on broadening of tax net, tax reforms and tax collections made by FBR during the last fiscal year ... Read More »

FBR collects Rs 140b revenue in first month of FY 2015-16

ISLAMABAD: Federal Board of Revenue (FBR) has successfully collected Rs 140 billion during first month of current fiscal year 2015-16. The amount is six percent extra as compared to the previous year. The FBR collected Rs 133 billion in July last year. Now in July, 2015, FBR collected Rs 140 billion, including amount of rebate amounting to Rs 14.6 billion. The ... Read More »

Excise Rawalpindi fails to issue number plates for new vehicles

ISLAMABAD: The Excise and Taxation office Rawalpindi has failed to distribute/issue at least 0.2 million number plates to the vehicle owners. According to sources, due to inefficiency and irresponsible behavior of staff of the Excise and Taxation office Rawalpindi, at least 0.2 million number plates could not be distributed among the vehicles owners. On the other hand, the vehicle owners have paid the ... Read More »

FBR, World Bank to set up new units

ISLAMABAD: Federal Board of Revenue (FBR) and World Bank has agreed to setup new units at FBR Islamabad headquarters sources said. According to sources, talks between Federal Board of Revenue and World Bank on the initial structure and establishment of two new units i.e Tax Policy Analysis Unit and Market Analysis Unit has been finalized and both are agree to ... Read More »

FBR clarifies news reports about WHT on bank transactions

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified certain reports published in a section of the press based on incorrect facts and presumptions regarding the ongoing interaction between traders community and the federal government. To remove any ambiguity, it is clarified that:- 0.3% tax on bank transactions is only an advance tax on non-filers of Income Tax Returns. A ... Read More »

FBR Members’ powers amended

ISLAMABAD: Federal Board of Revenue’s Board–in-Council has amended the powers of FBR Members by changing their job descriptions. The Board-in-Council, exercising the powers conferred upon it by Section 8 of the Federal Board of Revenue Act, 2007 read with Rule 3(1) of FBR Rules, 2007, re-designated the Member (Enforcement and Withholding Taxes) as Member Research, Analysis and Reforms in its ... Read More »

DG Lutfullah Virk outlines various measures to curb smuggling in FY 2015-16

ISLAMABAD: Directorate General Investigation and Intelligence, Customs has developed advanced strategies to overcome the menace of smuggling in the country during current fiscal year 2015-16. As per details, Customs Intelligence called directors’ conference which was headed by Director General Customs Intelligence, Lutfullah Virk here at headquarters in Islamabad. Virk outlined various measures to curb smuggling. All directors of the country participated ... Read More »

Withholding tax: FBR’s committees to hold sessions today

ISLAMABAD: The meeting of special committee tasked to negotiate with trade representatives of the country on withdrawal of withholding tax will be held today. These meeting will be presided over by chairman FBR Tariq Bajwa. It is pertinent to mention here, that traders community already rejected these committees, but on the other hand government is going to adopt a comprehensive ... Read More »

Majority of FBR officials fails to submit assets’ details

ISLAMABAD: The Federal Board of Revenue has announced July 31 as the last date for the officials to submit the details of assets. The deadline is going to expire today, but still a majority of the FBR officials has failed to submit the same. Sources told Customs Today, that a few months ago, the FBR had asked its officials to submit details of ... Read More »

Customs authorities seek court permission to arrest money laundering suspect

ISLAMABAD: The Directorate General of Customs Intelligence and Investigations has got solid proofs against accused Ejaz Baig who was arrested at the Benazir Bhutto International Airport Islamabad on the charges of money laundering, sources said. Sources said that  Ejaz Baig has travelled 23 times abroad while Customs Intelligence and Investigations has got solid proofs against him about money laundering and ... Read More »

IT companies strongly reject 8pc tax

ISLAMABAD: The companies dealing in Information Technology have showed reservations on the imposition of 8 percent tax on IT sector and asked government to withdraw the tax immediately. According to details, Pakistan Software House Association for IT and ITES has sent a letter to  Federal Finance Minister Ishaq Dar in which it showed reservations on the imposition of 8 percent tax ... Read More »

ANF planning to stop usage of drugs in educational institutions

ISLAMABAD: The Anti-Narcotic Force (ANF) has decided to take action against groups involved in drugs dealing in educational institutions of the country. According to the details, the ANF has claimed that almost eight million students have become drug addicts causing threat to the future of the country. At initial stages, officials would trace out the supply chain of the drug mafia ... Read More »

95 lawmakers shy of paying tax during FY 2014-15

ISLAMABAD: At least 95 members of the national and  provincial assemblies and Senate have paid minor taxes during the fiscal year 2014-15. Sources informed Customs Today that 10 members of the National Assembly and 16 Senators did not pay any tax. At provincial level, at least 31 members of the  Khyber Pakhtunkhawa Assembly also fell in the category of non-taxpayers as they stayed away ... Read More »

Distinction between haram and halal must to make accountability system result-oriented: Abdullah

ISLAMABAD: Renowned academician, scholar and former Chief Secretary KPK, Mr. Abdullah has delivered a lecture to FBR officers on “Morality, ethics and public service delivery”. The talk was delivered as part of a new series of motivational lectures organized on the initiative of FBR Chairman to motivate officers to work with renewed zeal. The lecture was arranged at the main ... Read More »

Traders divide over strike call

ISLAMABAD:  The government has succeeded in dividing the traders’ community in two group as one group is in favour of strike while the other group is against strike and is in favour of talks. Different signs shows that traders call for strike on August 1 will not bring fruitful results, as the government is still unwilling to withdraw withholding tax on ... Read More »

FIA fails to decode Ayyan Ali’s cell phone

ISLAMABAD: The Federal Investigation Agency (FIA) has failed to decode super model  Ayyan Ali’s cell phone while Intelligence Bureau is too unsuccessful to do the same, after which cell phones of the super model is returned to the customs authorities. Now the customs authorities have seized the cell phones of the super model as their property. It is pertinent to ... Read More »

Traders to observe strike on August 1 against WHT

ISLAMABAD: All Pakistan Anjuman-e-Tajaran announced to reject all three committees formed by Federal Board of Revenue (FBR) and to stage protest from August 1, 2015. Furthermore, Pakistan Muslim League (N) Lahore chapter also decides to support the call of strike. Addressing the traders community president All Pakistan Anjuman-e-Tajran Ajmal Baloch has said that in the FBR’s committee no representative of ... Read More »

ASF arrests drug peddler, recovers 600 grams heroin

ISLAMABAD: Airport Security Force (ASF) has foiled an attempt of heroin smuggling to Bahrain at Benazir Bhutto International Airport Islamabad and arrested an accused. As per details, Airport Security Force (ASF) officials deputed at the Islamabad airport intercepted a passenger namely Kabil Shah Resident of Charsadda,  Khyber Pakhutunkhawa (KPK) following his dubious behaviour. While checking his luggage, ASF authorities recovered almost ... Read More »