Page 4 - Federal Excise News Today

Daily Times “ A comprehensive strategy has been formulated to shift the gear and move to higher economic growth. I do not believe in increase in taxes to increase revenue collection but those outside the tax net would be tapped. The chances for any harassment by FBR officials shall be eliminated for which change in audit procedures. 17 percent General Sales Tax rate is very high and a mechanism has been prepared for its reduction and the government was also working on a sales tax system for ...

The Federal Board of Revenue (FBR) has revised the powers and functions of FBR Members including additional powers to the FBR Member Inland Revenue

Payment of duties, taxes to be made only electronically from tomorrow Wed 20th January 2021 | 12:04 AM Collector of Lahore Customs Appraisement, Mohsin Rafique said on Tuesday that all duties and taxes exceeding Rs. one million would be paid only through the system of e-payment from tomorrow (Wednesday). LAHORE, (UrduPoint / Pakistan Point News - 19th Jan, 2021 ):Collector of Lahore Customs Appraisement, Mohsin Rafique said on Tuesday that all duties and taxes exceeding Rs. one million would ...

Federal Board of Revenue urges traders and taxpayers’ to make use of electronic payment facility Islamabad, January 11, 2021 (PPI-OT): In continuation of FBR reforms and modernization drive, E-Payment facility for payment of all FBR taxes as well as some provincial taxes has been introduced for convenient and hassle free payment. On the one hand, traders can electronically pay all import duties and taxes through Customs computerized system WeBOC at ports and border stations across Pakistan. W...

FBR Urges Traders and Taxpayers to Make Use of Electronic Payment Facility In continuation of FBR reforms and modernization drive, an E-Payment facility for payment of all FBR taxes as well as some provincial taxes have been introduced for convenient and hassle-free payment. On the one hand, traders can electronically pay all import duties and taxes through Customs computerized system WeBOC at ports and border stations across Pakistan. While taxpayers can also electronically pay income tax, sal...

FBR registers 119 FIRs under the AML Act Top Story Our correspondentBy ISLAMABAD: In its bid to comply with the Financial Action Task Force (FATF) conditions, the FBR has so far registered 119 total complaints (FIRs) under the Anti Money Laundering (AML) Act 2010, involving revenues of more than Rs88.4 billion. The FBR has so far recovered Rs6.22 billion tax amount under this head. In this process, 66 immovable properties and 203 bank accounts have been provisionally attached with the prior pe...

FBR registers 119 FIRs under the Anti Money Laundering Act 2010 Top Story December 24, 2020 ISLAMABAD: In its bid to comply with the Financial Action Task Force (FATF) conditions, the FBR has so far registered 119 total complaints (FIRs) under the Anti Money Laundering (AML) Act 2010, involving revenues of more than Rs88.4 billion. The FBR has so far recovered Rs6.22 billion tax amount under this head. In this process, 66 immovable properties and 203 bank accounts have been provisionally atta...

Top Story December 24, 2020 ISLAMABAD: In its bid to comply with the Financial Action Task Force (FATF) conditions, the FBR has so far registered 119 total complaints (FIRs) under the Anti Money Laundering (AML) Act 2010, involving revenues of more than Rs88.4 billion. The FBR has so far recovered Rs6.22 billion tax amount under this head. In this process, 66 immovable properties and 203 bank accounts have been provisionally attached with the prior permission of the court under the provisions ...

FBR’s Intelligence Arm Intensifies Crackdown Against Tax Evaders and Fraudsters The Directorate General Intelligence and Investigation (Inland Revenue) has intensified the countrywide action against tax evaders and fraudsters (individuals, AOPs, and corporate entities) involved in evasion of Sales Tax, Income Tax and Federal Excise Duty. In this regard, Directorates of Intelligence and Investigation (Inland Revenue) has expedited the crackdown against tax fraudsters based on credible evidence...

Complete Guide to getting your NTN number in Pakistan Being a responsible citizen, one must be a regular taxpayer. To pay your tax, the most important thing is having an NTN number. Let’s first find out what is NTN number! What Is NTN Number? In order to be a registered taxpayer, it is mandatory to have a National Tax Number (NTN) from the Federal Board of Revenue for making taxable transactions. One can get National Tax Number (NTN) for Income Tax, Sales Tax and Federal Excise purposes. Thi...