Pakistan Customs Port Control Unit at Karachi has performed in an unprecedented joint international counter narcotics operation by sharing information on a suspicious container in transit trade. 1/7
The container was shipped from UAE and was destined for Afghanistan via Pakistan containing six 06M.Tons of Iodine also used as a precursor for methamphetamine 2/7
Methamphetamine is a powerful, highly addictive stimulant that affects the central nervous system and is an international and US Drug Enforcement Agency controlled list item 3/7
A historic seizure was made as Pakistan Customs shared the information about the consignment with Afghan Customs under UNODC Container Control Programme to intercept the container as Pakistan couldn’t detain the same being under international transit 4/7
The significance and implications of this achievement can be made from the observations of the In'tl Narcotics Board which has estimated that the seized Iodine had the potential to produce 4.5 metric Tons of Methamphetamine having market value of 91.670 Billion Pak Rupees 5/7
Moreover, it has also successfully averted the illicit flow of 546 million US dollars as ultimate funding to terrorist organizations 6/7
The international agencies have appreciated the effective planning, and professional handling of Pakistan Customs and role of Government of Pakistan in execution of the case in liaison with other International Law Enforcement Agencies 7/7
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FBR Removes Estimated Market Value Column From Income Tax Return Form 2025 on the Directions of the Prime Minister of Pakistan For Facilitation of Taxpayers. 1/8
The Hon. Prime Minister Muhammad Shehbaz Shareef constituted a Committee, chaired by the Federal Minister for Law to examine the new column introduced by FBR in the IRIS tax return, assess its implications for the tax filers, & recommend corrective measures or improvements. 2/8
The Committee comprised of the Federal Minister for Petroleum, Minister of State for Finance, Attorney General for Pakistan, SAPM on Coordination of Office of DPM, Secretary Finance, Chairman FBR, and Member Customs FBR. 3/8
دیکھنے میں آیا ہے کہ کچھ عناصر مختلف سوشل میڈیا گروپس پر انکم ٹیکس ریٹرن2025 کے حوالے سے غلط معلومات پھیلا رہے ہیں۔ اس سلسلے میں وضاحت کی جاتی ہے کہ ایف بی آر نے حال میں کسی بھی نئے ایس آر او کے ذریعے انکم ٹیکس ریٹرن فارم 2025 میں کوئی تبدیلی یا ترمیم متعارف نہیں کرائی۔1/7
اس سال ایف بی آر نے انکم ٹیکس ریٹرن فارم 2025 مورخہ 7 جولائی ہی کو اپنی ویب سائٹ پر جاری کردیا تھا جس میں واضح طور پر صفحہ 66 پر اثاثوں کی مارکیٹ ویلیو کا اندراج کرنا ضروری قرار دیا گیا تھا۔2/7
ابھی تک جمع کرائے گئے انکم ٹیکس گوشواروں کی پڑتال سے یہ بات سامنے آئی ہے کہ بہت سے لوگ اپنے اثاثوں کی مارکیٹ ویلیو کے خانے میں صفر درج کررہے تھے جسے روکا گیا ہے تاکہ درست معلومات درج ہو سکیں۔3/7
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
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
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
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
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
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