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FBR Profile picture
@FBRSpokesperson
Jun 13, 2020 • 8 tweets • 6 min read • Read on X
#FederalBudget2020_21
#CustomsReliefMeasures
Promote investment & support local industry following tariff measures are proposed:
1. Custom Duty (CD)eliminated on 1643 tariff lines; covers thousands of raw materials of chemicals, fertilizers, rubber, textiles, leather etc 1/8
#FederalBudget2020_21
#CustomsReliefMeasures
2. Customs Duty reduced on 200 tariff lines covering raw materials of packaging, footwear & Home appliances. 2/8
#FederalBudget2020_21
#CustomsReliefMeasures

3. #RegulatoryDuty on 166 tariff lines #reduced to support engineering industry and prevent smuggling of fabrics, LED Tv, blankets, electrodes. 3/8
#FederalBudget2020_21
#CustomsReliefMeasures

4. #RegulatoryDuty on 18 items #increased to protect local industry of polyester filament yarn and stationery items etc. 4/8
#FederalBudget2020_21
#CustomsReliefMeasures

5. Exemption of Customs duty on import of paper for priniting of Holy Quran for all registered Nashiran-e-Quran. 5/8
#FederalBudget2020_21
#CustomsReliefMeasures
To provide relief to common people Customs Duty and Taxes exempted on import of diagnostic kits of cancer & #CoronaVirus. Besides, CD expemtion available on 61 Covid 19 item extended for further 03 months. 6/8
#FederalBudget2020_21
#CustomsReliefMeasures
Prevent malnutrition & make special dietic foods for children available
- CD exempted on special foods for children suffering inherited metabolic disorder
- CD reduced on 9 tariff lines of supplementary foods for children. 7/8
#FederalBudget2020_21
#CustomsReliefMeasures To facilitate FDI and Trade, provisions regarding System of #AdvanceRulings and #AuthorisedEconomicOperators introduced in Customs Law. #TFA 8/8

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More from @FBRSpokesperson

FBR Profile picture
Jun 21, 2023
The Directorate of Intelligence & Investigation (Inland Revenue) Lahore has detected tax evasion by a reputed company which led to recovery of sales tax amounting to Rs. 1358 Million and default surcharge of Rs. 26 Million on 20th June, 2023. 1/5
The company had issued illegal credit notes of huge amounts in Annexure-C of the sales tax returns without corresponding debit notes from the buyers that suppressed output tax to reduce its sales tax liability for the tax periods in which illegal credit notes were issued. 2/5
The team of Directorate gathered information meticulously without disturbing the business activity of the company and initiated proceedings under section 38 of the Sales Tax Act, 1990 and retrieved the record and documents from the business premises. 3/5
Read 5 tweets
FBR Profile picture
Jun 21, 2023
Federal Board of Revenue holds three-day International Conference on Digitalization of Taxes in Pakistan at FBR Headquarters in collaboration with United Nations Economic and Social Commission for Asia and Pacific (UN-ESCAP). 1/5
@PakPMO
@MIshaqDar50
@AsimAhmad_FBR
@Pak_Customs
@FinMinistryPak
@mukarram_ansari
@IRSPakistan
Syed Nadeem Hussain Rizvi, Member Admn, FBR, delivered the inaugural note on behalf of Chairman FBR. He welcomed the participants from multilateral organizations, development sector, public sector organizations, officers of FBR & probationary officers of IRS Academy, Lhr. 2/5 Image
Read 6 tweets
FBR Profile picture
Sep 19, 2021
Federal Board of Revenue (FBR) is considering allowing the corporate taxpayers a grace period of 40 days to switch over to the digital mode of payments w.e.f. November 1, 2021 under Tax Laws (3rd Amendment) Ordinance, 2021. 1/15 @FinMinistryPak
This has been stated in a press release issued by FBR to clarify the relevant clauses of Tax Laws (3rd Amendment) Ordinance.2/15
The Federal Board of Revenue vide the Tax Laws (3rd Amendment) Ordinance, 2021, (the New Ordinance) has introduced significant changes to the Income Tax ordinance, 2001 with a view to documentation of the economy, capture the supply chains, and broaden the tax base.3/15
Read 16 tweets
FBR Profile picture
Sep 17, 2021
The incumbent Government was fully committed to grant Federal Board of Revenue operational and financial autonomy in order to rule out the possibility of political interference and thus make it an efficient, merit based, service oriented and public friendly organization. 1/25 Image
This was stated by Federal Minister for Finance & Revenue Shaukat Tarin while addressing the senior officers at FBR Headquarters Islamabad. 2/25
He appreciated last year’s commendable performance of FBR regarding collection of revenue target despite challenges posed by Covid-19. 3/25
Read 25 tweets
FBR Profile picture
Sep 17, 2021
موجودہ حکومت فیڈرل بورڈ آف ریونیو کو آپریشنل اور مالیاتی خودمختاری دینے کے لئے پر عزم ہے تاکہ سیاسی مداخلت کے امکان کو رد کیا جاسکے اور ادارے میں شفافیت ، میرٹ اور بہترین خدمات کے اصولوں کو پروان چڑھایا جا سکے۔1/24 @GovtofPakistan @FinMinistryPak Image
یہ بات وفاقی وزیر برائے خزانہ و ریوینو شوکت ترین نے ایف بی آر ہیڈکوارٹر کے دورہ کے دوران سینئر افسران سے خطاب کے دوران کہی۔2/24
انہوں نے پچھلے مالی سال میں کرونا وبا کے باعث پیداکردہ مشکلات کے باوجود ایف بی آر کا ٹارگٹ سے زائد ریونیو حاصل کرنے پر ایف بی آر کی تعریف کی۔3/24
Read 24 tweets
FBR Profile picture
Jul 28, 2021
ایف بی آرنے تمام مقامی ٹیکسز کے لئے سنگل تشخیصی نمبر متعارف کیا ہے۔ 1/6
@FinMinistryPak @GovtofPakistan
اس اقدام سے تما م ٹیکس گزار افراد انکم ٹیکس، سیلز ٹیکس اور فیڈرل ایکسائز ڈیوٹی کے تحت تمام ایپلیکیشنز کو صرف شناختی کارڈ نمبر کے اندراج سے استعمال کر سکتے ہیں ۔ 2/6
شراکت داری پر مبنی فرمز اور کمپنیز کے لئے نیشنل ٹیکس نمبر مشترکہ ٹیکس تشخیصی نمبر ہو گا۔ اس اقدام سے سیلز ٹیکس ، انکم ٹیکس اور فیڈرل ایکسائز قوانین میں ہم آہنگی لائی گئی ہے۔ کاروباری آسانی اور ریٹنگ میں بہتری کی طرف یہ نہایت اہم اقدام ہے۔3/6
Read 6 tweets

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