Nov 14, 2017 Pakistan can be gateway to Central Asia for Oil Energy Trade : Haroon

Special Assistant to Prime Minister on Revenue Haroon Khan has said Pakistan holds a very important strategic position on the world map due to its proximity to China, Russia and India and "we can become the gateway to Central Asia for oil and energy trade".

"Our close ties with all Muslim countries and the Middle Eastern economies cannot be understated," he said in his address to the inaugural session of the 8th Meeting of the ECO (Economic Cooperation Organization) of Heads and Customs Administration held at a local hotel today. 

He said ECO countries together formed a geo-politically important block. "Turkey bridges the continents of Europe and Asia while Iran is situated at the crossroads of Central Asia, South Asia and the Middle East. Similarly, the Central Asian Republics of Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan were uniquely located on the Silk Road and Energy Corridor connecting the giant economies of China and Russia to rest of the world."

Dr. Kunio Mikuriya, Secretary General World Customs Organization; Mr. KananNazarov, Deputy Secretary General Economic Cooperation Organization (ECO), Azerbaijan; Mr. AydinAliyev, Chairman of the State Customs Committee of the Republic of Azerbaijan; Mr. Forood Asgari, Head, Islamic Republic of Iran Customs Administration; Mr. Kenbayev Shyngys, Chief Expert of the International Cooperation Division, State Revenue Committee of the Republic of Kazakhstan; Mr. Azim Tursunzoda, Deputy Head of Customs Service, Republic of Tajikistan; Mr. Sezai UCARMAK, Deputy Undersecretary of the Ministry of Customs and Trade, Republic of Turkey; Chairman FBR Mr. Tariq Mahmood Pasha and senior officials of Pakistan Customs Service were also present.

Referring to the latest ECO Statistical Report, Haroon Khan said the share of the ECO in the global trade was almost 2 per cent as against ECO region’s population of 6.2 per cent in the world population. "We can see from these numbers that we have a tremendous opportunity to grow and reach our maximum potential," he said. 

He called for simplification of Customs procedures for ease of trade, calling it an important step for enabling the economic integration of ECO members. "We must benefit from the existing agreements signed by ECO countries, especially ECO Transit Trade Agreement, ECO Trade Agreement, MOU between World Customs Organization (WCO) and ECO, MOU on Cooperation against Smuggling & Customs Frauds among ECO countries and Transit Trade Framework Agreement."

He said Pakistan Customs was committed to working closely with the ECO and WCO on adoption of international best practices through enhanced representation and Pakistan had already moved ahead on this front by issuing its rules for implementation of Transports Internationaux Routiers Convention, commonly known as TIR Convention on International Transport of Goods Under Cover of TIR Carnets. "This will surely help in promoting ECO regional trade," he added. 

Haroon Khan called for taking advantage of the existing MOU between WCO and ECO to maximize the benefits for capacity building, enforcement operations and joint exercises and "we should also benefit from the ECO Agreement on Mutual Administrative Assistance in Custom Matters in order to share information". "Electronic Data Interchange (EDI) is an important instrument of cooperation in this age of fast communication and paperless world. This can assist the Customs Administrations to share vital information to facilitate the legitimate trade." 

The Special Assistant to PM on Revenue also offered Pakistan to become a regional training hub for ECO countries in all the relevant areas of Customs cooperation. "The existing facility of the Directorate General of Training and Research of Customs in Karachi can be effectively utilized to conduct training courses from the perspective of both Enforcement and Trade Facilitation. A pool of our already accredited trainers by World Customs Organization can provide these trainings.  This center can provide our colleagues from Central Asian countries, which do not have a port, a unique experience at a sea port and to observe modalities of transit trade." 

Highlighting the economic gains and achievements of recent years, Mr. Haroon Khan told the delegates Pakistan has done fairly well in attaining macroeconomic stability. "Our inflation is at a historical low of around 4 %. Our GDP growth was 5.3% last year. We are well on our way to achieve the 6% mark this year. Our Central Bank policy rate is at 5.75%, one of the lowest in our history. Our fiscal deficit remains under 6%. Our currency is stable. Our Stock Market has gone up from under 19,000 to over 41,000 in a short period of four years. Our Power Shortage problem is soon to be a thing of the past with thousands of megawatts coming on line. Our gas shortage is being covered by importing Liquefied Natural Gas (LNG). We successfully ended a three year IMF programme last year." 

He also noted Pakistan’s contribution in the fight against terrorism, saying "we not only fought for our own country but also fought this battle for the rest of the world". "Pakistan has been the Front Line State in this war. We sacrificed lives of thousands of military and paramilitary soldiers and the lives of tens of thousands of civilians. The economic losses were more than 100 billion US dollars. We have proved once again that we are a resilient nation." 

In the end, Haroon Khan thanked the delegates for their active participation and hoped they would take home further inspiration on how to foster the necessary changes. He also expressed gratitude to all the guests for coming to Pakistan and "giving us this unique opportunity to host the delegates of ECO nations".

 
Hamid Raza Khan
Secretary (PR)

Nov 13, 2017 FBR explains filing of returns to FFC employees in Mirpur Mathello

Facilitation and Taxpayer Education (FATE) Wing of the FBR and Fauji Fertilizer Company (FFC) jointly conducted an extensive training-cum-facilitation workshop on ‘Filing of Income Tax returns’ for the FCC employees at its plant in Mirpur Mathello and Machi Goth.

A two-member FBR team led by Dr. Tauqeer Ahmad, Commissioner Regional Tax Office (RTO) Hyderabad visited the FCC plants at Mirpur Mathello and Machi Goth and conducted the workshop aimed at explaining the advantages and procedures of filing Income Tax return and becoming part of the Active Taxpayer Lists (ATL). A large number of the staff from the management and technical wings of the company attended the session. Senior FFC officials including Resident Manager FFC Brig (retd) Muhammad Jamil and Sr. Manager Maintenance Wajid Ishaq Bhatti were also present. 
 
The training workshop was conducted following a meeting held last month between Member FATE FBR Ms Nausheen Javaid Amjad and FCC's Managing Director and Chief Executive Lt-Gen Shafqaat Ahmed (retd) as part of FBR's taxpayers outreach programme started since the start of September to create awareness and understanding of tax obligations about filing of Income Tax returns among the employees of large public and private sector organisations. 
In a detailed presentation today, Dr. Tauqeer Ahmad who was assisted by Mr. Shamim Murtaza, ADCIR (IP) Regional Tax Office (RTO) Hyderabad, explained in depth the basic concepts of taxations and provisions relating to salaried class of persons, benefits of filing tax returns and the method and procedure of e-filing. Later, an extensive Q&A session was followed during which keen questions were asked regarding different aspects of filing of Income Tax returns. Dr. Tauqeer Ahmad addressed all the questions in a professional manner, dispelling the fears and misgivings of the participants about filing their returns and becoming part of the tax system. 
 
Towards the end, Resident Manager FFC Brig (retd) Muhammad Jamil thanked the FATE Wing of FBR for conducting the workshop and extending technical support and facilitation in e-filing for his company's employees. He also lauded the outreach and awareness programme initiated by FBR for the taxpayers and assured full cooperation in ensuring maximum compliance and filing of tax returns by their employees
 


 

 

Hamid Raza Khan
Secretary (PR)

Nov 08, 2017 FBR eyeing 1.4m filers this year, Haroon tells NMC participants

 Special Assistant to the Prime Minister on Revenue Mr. Haroon Akhtar Khan has described the state of the economy as "healthy and stable" with most of the economic indicators showing positive growth trends as evidenced by stable ratings regularly given to Pakistan by international agencies monitoring our economic performance.
He was speaking to the participants of the 107th National Management Course (NMC) during their visit to the FBR House today. Chairman FBR Mr. Tariq Mahmood Pasha, Dean National School of Public Policy Mr. Naeem Aslam and Members of the FBR were also present.
Giving an overview of the state of the economy and the growth trends on the revenue generation front, Mr. Haroon said the country was well on its way to achieving 6 % GDP growth during the ongoing fiscal as compared to 5.3% growth recorded last year. He said a similar growth trajectory was visible in the revenue collection which had gone up from Rs 1946 billion in 2013 to Rs 3362 billion in 2017, recording an overall 73 % growth in the last four years.
He said FBR was looking at Rs 4000 billion revenue target for the ongoing fiscal and even though it was a humongous task, efforts made in recent years had paid dividends and made it possible for the government to give away an additional Rs 3500 billion to the provinces under the NFC which would not have possible without optimal resource mobilization. "We have shown results despite a marked decrease in the inflation which is around 4% today as against 9% in 2013 and almost 25% in 2008-09.
Mr. Haroon Akhtar also dispelled the impression created about the accumulation of government debt which stands at 61% of GDP while it was 60% of GDP in 2013. He said that the external debt was 21% of the GDP in 2013 and it is now 20% of the GDP.
The Special Assistant to the PM on Revenue conceded the country's imports had gone up to $ 53 billion but "they reflect on the consumption capacity and strength of our economy". "The situation is obviously challenging and we must do a lot of work to increase our exports.
Chairman FBR Tariq Mahmood Pasha also spoke on the occasion and briefed the participants about FBR's efforts for broadening of tax base which he identified as the key area his team had selected to work on to promote tax compliance and enhance the tax-to-GDP ratio. Earlier, separate presentations were given by Member (Operations) FBR Kh Tanveer Ahmad and Member Customs FBR Zahid Mahmood Khokhar on the working of Inland Revenue Service and Pakistan Customs Service.
Towards the end, Dean NSPP Mr. Naeem Aslam thanked the FBR management for hosting the participants and giving them an insight into "a real government at work". Shields were also exchanged.


 

 

Hamid Raza Khan
Secretary (PR-FATE)

Nov 07, 2017 FBR conducts workshop on filing of returns for FFC employees

Facilitation and Taxpayer Education (FATE) Wing of the FBR and Fauji Fertilizer Company (FCC) today teamed up to hold an extensive training-cum-facilitation workshop for the FCC employees keen to file their Income Tax returns.

A two-member FBR team led by Mr. Shakeel Ahmad Kasana, Commissioner Large Taxpayer Unit (LTU) Islamabad visited the FCC Headquarters in Rawalpindi and conducted the workshop aimed at explaining the advantages and procedures of filing Income Tax return and becoming part of the Active Taxpayer Lists (ATL). Over 100 senior officers of the company attended the session. 

The training workshop was conducted following a meeting earlier on between Member FATE FBR Ms Nausheen Javaid Amjad and FCC's Managing Director and Chief Executive Lt-Gen Shafqaat Ahmed (retd) as part of FBR's outreach programme for creating awareness and understanding of tax obligations about filing of Income Tax returns. As part of the programme, FBR has contacted over 50 large corporations, financial institutions and companies during the last few weeks to explain to the management of these companies the advantages of filing Income Tax returns by their employees. 
In a detailed presentation today, Mr. Shakeel Ahmad Kasana who was assisted by Mr. Sharique Tanveer, Deputy Commissioner Regional Tax Office (RTO) Islamabad, explained in depth the tax obligations for the salaried persons drawing taxable income, advantages of filing tax returns and the method and procedure of e-filing. Later, an extensive Q&A session was followed during which keen questions were asked regarding different aspects of filing of Income Tax returns. Mr. Shakeel Ahmad Kasana addressed all the questions in a professional manner, dispelling the fears and misgivings of the participants about filing their returns and becoming part of the tax system. 

Towards the end, Brig Abid Mehmood (retd) of the FCC thanked the FATE Wing of FBR for conducting the workshop and extending technical support and facilitation in e-filing for his company's employees. He also lauded the outreach and awareness programme initiated by FBR for the taxpayers and assured full cooperation in ensuring maximum compliance and filing of tax returns by their employees

Hamid Raza Khan
Secretary (PR-FATE)

Nov 01, 2017 FBR registers more than 18.5% revenue growth
Federal Board of Revenue has continued to display satisfactory performance in the fourth consecutive month of the current financial year and achieved provisional gross revenue collection of over Rs. 1074 billion for the first four months of the fiscal year by recording an increase of around 20.4% over the revenue collected during the corresponding period of last fiscal year. Refunds during this period have been issued to the tune of Rs 42 billion as against Rs 21 billion issued during this year depicting an increase of 100% during the corresponding period of previous fiscal year. In addition to issuance of these refunds, another amount of approximately 13 billion has been issued as sales tax refund to refund claimants through direct credit to their bank accounts. Provisional net revenue collection was recorded as  Rs. 1033 billion for the first four months of the fiscal year with an increase of around 18.5% over the net revenue collected during the same  period of last fiscal year. The target for the year has been fixed with an annual increase of 19.2% over the previous year.
The provisional collection for the month of October 2017 was 267 billion which shows an increase of  more than 12% over the collection for October 2016 which depicts a substantial improvement over the growth of 5.23 percent registered in the monthly collection last year. During fiscal year 2016-17, the collection for the first four months stood at 872 billion as against the figure of Rs 1032 billion collected this year.
During October, 2017, according to the provisional figures received so far, FBR has made a net collection of more than Rs. 267 billion as against Rs. 237 billion collected during October, 2016. The revenue collection trend during the first four months of the financial year augurs well for the efforts of FBR towards achievement of the assigned annual revenue targets.
Federal Board of Revenue also wishes to dispel the impression created by some reports appearing in sections of the press that the number of the returns received for the tax year 2017 has declined as compared to returns received for tax year 2016. This impression is grossly misleading as only 352,022 returns were received upto November 1, 2016, whereas 608,587 returns have been received till November 1, 2017. This shows a substantial increase of 72% in the number of returns received during the same period of previous fiscal year
 

 

Hamid Raza Khan
Secretary (PR-FATE)

Oct 27, 2017 FBR's outreach program to help broaden tax base, says PTBA

Pakistan Tax Bar Association has lauded the FBR's Outreach Programme, calling it a step in the right direction and a great way of enhancing the image of FBR and broadening the tax base in the country. 

In a letter addressed to Chairman FBR Mr. Tariq Mahmood Pasha, Mr. Abdul Qadir Memon, president of the Pakistan Tax Bar Association (PTBA) has welcomed the recently launched taxpayer outreach programme to create awareness and offer necessary facilitation from FBR officials about the filing of Income Tax returns. 

In the letter, Mr. Qadir Memon said the Chairman FBR and his entire team deserves commendation and gratitude for its "visionary" outreach programme from the members of the Bars across the country. "This is first time in the history of FBR that your senior team members, Nausheen Javaid Amjad and Khawaja Adnan Zahir have made a concerted effort in creating awareness regarding filing of tax return not only for their interest but also for betterment of country," he said in the letter.  

Mr. Memon believed the FBR’s efforts would go a long way in helping to broadening of tax base as the low tax base has put undeniable burden on the existing taxpayers and gravely impacted the tax-to-GDP ratio. "The tax facilitation of the existing taxpayers and simplification of various tax laws and procedures are important areas that require FBR’s attention as well," he added.

Mr. Memon further hoped that under the visionary leadership of Chairman FBR, "the dream to broaden the tax base will be realized". "We are hopeful that steps undertaken by FBR will enhance Tax-to-GDP ratio and lessen the burden on the existing taxpayers."

He noted with appreciation "the fact that tax facilitation to the existing taxpayers has been given immense importance in order to boost tax filing across the country". "Facilitation along with Imposition of fair tax, dispensation of justice, confidence of existing taxpayers in the team members of tax machinery must be ensured for the growth of the economy ... we are extremely hopeful that these matters will also be addressed," he said, offering all help from Pakistan Tax Bar Association and its members across the country "to work hand in hand for a better and prosperous Pakistan".

 

Hamid Raza Khan
Secretary (PR-FATE)

Oct 24, 2017 PARCO, OICCI extend support for FBR's taxpayer outreach programme

Federal Board of Revenue (FBR) has further widened the scope of its ongoing taxpayer outreach programme by reaching out to the management of PARCO and members and office-bearers of OICCI with a view to creating awareness regarding discharging tax obligations by the taxpayers.

The contacts are being made as part of a countrywide exercise started last month by FBR to reach out to more than 50 large public and private sector organisations for roping in their support for the FBR's drive for filing of Income Tax returns which expires on 31st of October 2017.

In order to improve the number of tax filers and create awareness about the advantages of filing of returns, Member Facilitation and Taxpayer Education (FATE) FBR Mrs. Nausheen Javaid Amjad visited Karachi and held separate meetings with Managing Director PARCO Mr. Tariq Rizavi as well as members and office-bearers of Overseas Investors Chamber of Commerce and Industry, including OICCI Secretary General Mr. Abdul Aleem.

During the meetings, Ms Nausheen Javaid Amjad said FBR was aware of the organisations and companies diligently fulfilling their responsibility of reporting salary paid and taxes withheld from their employees. However, the employees of these companies were only fulfilling half of their legal obligation and skipping the part that required them to file their tax returns and become filers to reap a host of dividends and advantages accrued from the filing of returns, she added.

The PARCO MD and office-bearers of the OICCI lauded what they called a noble cause and initiative of FBR to create public awareness and improve the number of tax filers. They assured their full cooperation to make the FBR outreach campaign successful. Various proposals for simplifying and improving the procedures and business processes for filing of returns were also discussed and it was agreed to maintain and further enhance outreach efforts by FBR to build a stronger interface with the taxpayers.

 

Hamid Raza Khan
Secretary (PR-FATE)

Oct 20, 2017 Levy of duties aimed at reducing import bill, furthering growth

Federal Board of Revenue (FBR) has said the purpose of recently-levied duties is to reduce the import bill, provide enabling atmosphere for competition to local manufacturers and further economic growth of the country.  

FBR has maintained that during the current financial year, Pakistan has seen a surge in imports. In order to slow down the growth in the import of non-essential items or of the goods whose substitutes are locally produced, the government has imposed Regulatory Duty (RD) on such items. FBR has issued notification SRO 1035(I)/2017 dated 16th October 2017 in consultation with the Ministry of Commerce, which has imposed new RD on 26 items only (137 tariff lines) including new cars (less than 1800 cc), plastic articles, Dry fruits, sun glasses, cigarette paper, tobacco, wall paper etc. Moreover, rates of RD have been increased on 21 imported items only (219 tariff lines) including betel nuts (Supari), betel leaves (Paan), cosmetics, fruit juices, tiles, footwear, tyres, handbags, tableware, kitchenware, and home appliances like air conditioners, refrigerators etc. The rates of RD range from 10% to 30% on different items, which are generally consumed by affluent segment of the society.

The purpose of these duties is not the generation of revenue but to reduce the import bill of the country. Moreover, the local manufacturers or producers of such items would be able to better compete with the imported products, which is expected to improve Pakistan's economic growth and provide more employment. Moreover, the RD collected would be utilized to finance the export package of the government which would help in enhancing Pakistan's exports.

An impression has been created that Regulatory duty has been imposed on 731 items, which is incorrect. This SRO has replaced eight previous SROs of RD, and most of the items that appear in this notification were already subject to RD in the previous SROs. The superseded notifications include SRO 568(I)/2014 dated 26th June 2014, 482(I)/2009 dated 13th June 2009, SRO 808(I)/2009 dated 19th September 2009, SRO 214(I)/2010 dated 29th March 2010 , SRO 1043(I)/2014 dated 25th November 2014, SRO 254(I)/2015 dated 30th March 2015, SRO 393(I)/2015 dated 30th April 2015, and SRO 1248(I)/2015 dated 17th December 2015

Hamid Raza Khan
Secretary (PR-FATE)

Oct 13, 2017 FBR team meets banks, gas company executives in Karachi to boost filing of returns
As part of FBR's outreach & awareness programme for filing of Income Tax returns before the due date of 31st October 2017, a two-member FBR team led by Member FATE Nausheen Javaid Amjad spent a busy day in Karachi today to hold a series of meetings with the heads of various banks and companies to apprise them of facilitative measures adopted by FBR to motivate the people to file their tax returns. 
 
Ms. Nausheen Javaid Amjad, Member Facilitation and Taxpayer Education (FATE) Wing FBR, who was accompanied by Chief FATE Ms. Tehmina Aamer used the meetings to acknowledge the laudable role being played by large organisations in reporting the salaries and tax deducted from their employees and requested them to educate and motivate their employees to file their individual Income Tax returns as well to fulfil an important legal obligation.  
 
The meetings were held separately with the Acting President & CFO of Habib Bank, Mr. Raymond Kotwal; President Meezan Bank Mr. Irfan Siddiqui and Acting Managing Director SSGC Mr. Muhammad Amin Rajput at the respective head offices of these organisations to mark a shift in the FBR efforts by reaching out to the taxpayers and offering them all kinds of assistance and support at their doorsteps to ensure tax compliance. "We understand that sending notices to non-filers is a traditional mode of enforcement but there is now a renewed focus and greater desire in FBR on creating awareness among the public and offering them maximum facilitation and help in shouldering their tax-related responsibilities," said the Member FBR. She said the filing of returns could result in significant advantages to the employees and save them from paying higher differential rate of taxes introduced for the filers and non-filers.  
 
During the meetings, positive sentiments were expressed about FBR's initiative of creating awareness and reaching out to taxpayers for building a friendly interface with them. The FBR's offer of extending support and facilitation through training and technical sessions in e-filing was appreciated while a full cooperation in ensuring maximum compliance and filing of tax returns from the employees of these organisations was assured. 
 
Meanwhile, FBR team also held a detailed meeting with the office-bearers of Pakistan Tax Bar Association at the offices of LTU Karachi. President Bar Association Mr. Abdul Qadir Memon was also present. The office-bearers and members of the tax bar were also requested by the FBR team to lend their hand in making the FBR's outreach & awareness programme successful. 
 
 
secretary PR
Hamid Raza

Sep 28, 2017 FBR engages chambers, industry captains in drive for filing of IT returns

Federal Board of Revenue (FBR) has stepped up its taxpayers outreach campaign by engaging chambers, banks, power distribution companies and business organisations in Khyber Pakhtunkhwa in a bid to further boost the filing of Income Tax returns as the last date of 30th September for filing of Income Tax returns approaches.

A team of FBR's Facilitation and Taxpayers Education (FATE) Wing led by Member FATE, FBR, Ms Nausheen Javaid Amjad and Chief FATE Ms. Tehmina Aamer Thursday visited Peshawar and held separate meetings with Mr. Shamsul Qayum, Managing Director of The Bank of Khyber, Zahidullah Shinwari, President of the KP Chamber of Commerce and Industry, Mr. Fuad Ishaq, former president of Sarhad Chamber of Commerce and Industry, Mr. Ghazafar Bilour, former president of KP Chamber of Commerce and Industry, Mr. Sharafat Ali Mubarak, president of Anjuman e Tanzim e Tajiran KP, Mr. Yasir, Chief Financial Officer of Peshawar Electric Supply Company and sought their active role and assistance in promoting and underlining the benefits of filing of Income Tax returns by the employees in their organisations. 

Ms Nausheen Javaid Amjad used the meetings to brief her hosts on FBR's efforts aimed at facilitation of taxpayers, broadening of tax base as well as informing the taxpayers about the benefits of filing of Income Tax returns. She said FBR had started an extensive outreach and awareness campaign through the media as well as direct, one-on-one interaction with the captains and office-bearers of various industries, financial and business organisations, chambers and trade bodies to promote a culture of tax compliance. 

Member FATE FBR lauded the professionalism and sense of duty displayed by big organisations and companies in diligently reporting the salaries paid and taxes withheld from their employees. However, a lot of work was required to be done in motivating and urging the employees to file their tax returns and become filers to reap a host of dividends and advantages accrued from the filing of returns, she noted. She said FBR was willing to work with organisations and give them any technical assistance and facilitation through training sessions and workshops to help their employees file their tax returns.

During the meetings, positive sentiments were expressed about the FBR's initiative of building an interface with the taxpayers and shunning the practice of sending out tax notices in favour of more personalized and direct communication and interaction with the taxpayers to boost their confidence and win their support for the ongoing campaign for filing of Income Tax returns. 

 

Hamid Raza Khan
Secretary (PR-FATE)

Sep 20, 2017 FBR seeks banks' support to boost filing of Income Tax returns

Federal Board of Revenue (FBR) has started contacting country's banks and financial institutions as part of an outreach programme to boost the filing of Income Tax returns . 

As part of the initiative, a team of FBR's Facilitation and Taxpayers Education (FATE) Wing led by Member FATE, FBR, Ms Nausheen Javaid Amjad held an extensive meeting with Mr. Naeemuddin Khan, President of the Bank of Punjab (BoP) for seeking his assistance in sensitizing the BoP officers and staff with taxable income on filing of Income Tax returns. 

Ms Nausheen Javaid Amjad told the BoP's president that FBR had decided to work closely with the large multinationals and corporations of the country to build a friendly interface with them and provide them with all assistance and facilitation in all areas of taxation. She said the large organisations had done exceedingly well in reporting the salaries paid and the taxes deducted at source from their employees, and an equal degree of attention was required from them to motivate their employees with taxable income to file their tax returns and fulfill an important national obligation. 

Ms Nausheen Amjad also briefed the BoP President on the range of benefits and advantages which the bank employees could reap after becoming filers, by paying significantly lower rate of taxes on multiple business and bank transactions She also offered FBR's help and resources for conducting in-house facilitative training sessions and workshops in e-filing for the officers and staff of Bank of Punjab. 

Mr. Naeemuddin Khan, President of the Bank of Punjab, appreciated FBR's initiative of walking up to the corporate world in what he described as an "appreciable display of empathy and responsiveness" towards the taxpayers. He also welcomed FBR's technical support and facilitation in filing for his bank's employees and assured full cooperation in ensuring maximum compliance and filing of tax returns by them. 

Hamid Raza Khan
Secretary (PR-FATE)

Sep 18, 2017 FBR's drive to rope in big companies for boosting tax returns continues

Federal Board of Revenue (FBR) has stepped up its campaign of reaching out to big organisations and companies to boost the filing of Income Tax returns. 

A team of FBR's Facilitation and Taxpayers Education (FATE) Wing led by Member FATE, FBR, Ms Nausheen Javaid Amjad and Chief FATE Ms. Tehmina Aamer visited the offices of Fauji Fertilizers Company Limited and held an extensive meeting with the Company's Chief Executive and Managing Director Lt-Gen Shafqaat Ahmed (retd) for seeking his assistance in promoting filing of Income Tax returns within the company. 

Ms Nausheen Javaid Amjad told the MD that FBR had compiled a list of over 50 large corporations, financial institutions and companies to be approached by FBR in days ahead to explain to them how a majority of their employees with taxable income had been failing to fulfill a national obligation by not filing their Income Tax returns despite contributing their due tax through deduction at source. 

Ms Nausheen Javaid Amjad said FBR was aware of the organisations and companies diligently fulfilling their responsibility of reporting salary paid and taxes withheld from their employees. However, the employees of these companies were only fulfilling half of their legal obligation and the remaining half required them to file their tax returns and become filers to reap a host of dividends and advantages accrued from the filing of returns, she added. She also offered FBR's help and resources for conducting in-house facilitative training sessions and workshops in e-filing for the officers and staff of FFCL and its business concerns across the country. 

 

 
 
 
Hamid Raza Khan
Secretary (PR-FATE)

Sep 14, 2017 FBR to work with telecom companies to enhance return filing

As part of its initiative to rope in large public and private sector organisations and companies in its ongoing drive for filing of Income Tax returns, Federal Board of Revenue (FBR) has approached the country's cellular sector to facilitate the workforce employed in this sector to become part of the tax system by filing their tax returns.

FBR's effort to engage more than 50 leading corporations and companies of the country is being spearheaded by Ms. Nausheen Javaid Amjad, Member Facilitation and Taxpayers Education (FATE) Wing, who along with her team met with Mobilink's management at the company's head office and briefed them about a keen desire within FBR to facilitate the employees of large companies to file their Income Tax returns. Mobilink's CEO Aamer Ibrahim, Vice President Corporate & Economic Affairs Ibrar Khan, Chief Corporate & Regulatory Affairs Officer Syed Ali Naseer were also present. Chief FATE Wing Ms Tehmina Aamer accompanied the Member FATE.   

During the meeting, Member FATE FBR Ms Nausheen Amjad said that in pursuance of the concept of corporate social responsibility as well as build a more friendly interface with the taxpayers, FBR was trying to reach out to large public and private sector organisations and companies. "We are confident that together with companies such as Mobilink, we can boost the rate of filing as the filing of Income Tax returns is not only a legal obligation but also a national duty," she said, adding FBR was willing to provide any facilitation and training to help the Mobilink employees e-file and become part of the tax system.

Mobilink CEO Aamer Ibrahim lauded the FBR's initiative and expressed his company's full support for it. He said that as a thought leader and as one of the leading multinationals of the country, Mobilink was happy to work with FBR to boost the rate of taxation. "We would love to spearhead a positive ethos about the role of taxes in national development and how we can take the country forward," he said.

 

He also welcomed FBR's offer to help Mobilink employees e-file and instructed his team to work with FBR in the coming days to arrange facilitative sessions for the officers and staff of the company so that the company being one of the largest contributors to revenue generation efforts of FBR could also emerge as a leader with its workforce as filers and enjoying the benefits of filing in terms of reduced taxes on a range of business and bank transactions.

 

Hamid Raza Khan
Secretary (PR-FATE)

Sep 13, 2017 FBR reaches out to big organisations to boost filing of returns

Federal Board of Revenue (FBR) has started an extensive drive to boost the filing of Income Tax returns by reaching out to large public and private sector organisations and companies, facilitating their employees with taxable income to file their tax returns. 

A team of FBR's Facilitation and Taxpayers Education (FATE) Wing led by Member FATE, FBR, Ms Nausheen Javaid Amjad and assisted by Chief FATE Ms. Tehmina Aamer visited the offices of large organisations headquartered in Islamabad and sought their help and support in motivating their employees to file their tax returns. 

FBR has compiled a list of over 50 large corporations, financial institutions and companies to be approached by FBR within the next few days to explain to them how a majority of their employees with taxable income are failing to fulfill a national obligation by not filing their Income Tax returns. 

As part of this initiative launched today, FBR's team led by Member FATE met the Managing Director of Oil and Gas Development Company Limited (OGDCL) and presidents of Zarai Taraqiati Bank Limited (ZTBL) and Askari Bank Limited to apprise them of a keen desire within FBR to work with these organisations to provide them with all possible assistance and facilitation to convert their non-filing employees into filers.

 

Ms Nausheen Javaid Amjad said FBR was cognizant of the fact that large organisations and companies were ably fulfilling their responsibility of reporting salary paid and taxes withheld from their employees. However, there was a need for their top management now to step in and support FBR by emphasizing the importance of filing tax return to their employees and assuring necessary facilitation in this regard.

She said FBR is willing to conduct in-house facilitative training sessions and workshops in e-filing for their officers and staff of these organisations to help them file their Income Tax returns without any hassle. She said the filing of returns could result in potential advantages to the employees and save them from paying higher differential rate of taxes introduced for the filers and non-filers.
The MD of OGDCL and presidents of ZTBL and Askari Bank respectively appreciated the FBR's efforts for broadening of tax base and welcomed its technical support and facilitation in e-filing for their employees. They assured their full cooperation in ensuring maximum compliance and filing of tax returns by their employees.


 

 

 

 

Hamid Raza Khan
Secretary (PR-FATE)

Aug 25, 2017 FBR denies underestimation of tax liabilities

Federal Board of Revenue has denied a news report appearing in a section of the press claiming that FBR’s online system underestimates tax liabilities.

FBR categorically denies such news as manual calculation made by the assessing officer in the body of manually typed order was not in accordance with the charging provision of Income Tax Ordinance, 2001. The element of fixed tax/minimum tax as well as PTR was not looked into properly. On the other hand, the calculations made by the system are based on business rules that have been properly framed after taking all relevant legal precision.

Regional Tax Office-III Karachi has duly been directed to instruct the assessing officer(S) to use the facility of online system despite using manual tax calculations, erroneously.

Hamid Raza Khan
Secretary (PR-FATE)