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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 permission of the court under the provisions of AMLA 2010 and the cases are under trial in various cou...

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 attached with the prior permission of the court under the provisions of AMLA 2010 and the cases are unde...

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 of AMLA 2010 and the cases are under trial in various courts of Special Judge Customs and Taxation, ...

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 and following due process of law based on legal provisions laid down in various tax statutes. Direc...

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. This NTN can also be used for Import and Export of goods. Now, check out the process of how to get NTN ...