Jan 20, 2018 We are a responsible state, Haroon Akhtar tells US delegation

Special Assistant to Prime Minister/ Federal Minister on Revenue has said Pakistan is a fully responsible state committed to the global fight against terror and eradicating the menace of smuggling and money-laundering from its soil and the region. "Our customs and its standards are on a par with the world and, in some cases, even better than some of the best customs in the region," he said while speaking to a high-level delegation from US Control and Border Security (EXBS) which met him at his office at FBR House today. US EXBS Country Director Ms Shelly Atkinson led the US delegation which also included officials from the US Department of Homeland Security and US Embassy in Pakistan. Member Customs FBR Mr. Mohammad Zahid Khokhar and other senior officers of FBR were also present. Haroon Akhtar Khan apprised the delegation, "Our entire system is now fully computerized and we have made some major inroads against smuggling and money laundering by unearthing some substantial cases in recent years". The Minister also offered to send officers from Pakistan Customs for training to the US to learn from the US experiences and share with them what Pakistan had been able to achieve in modernizing its customs and securing its borders. "We would like this cooperation to be further strengthened and consolidated in intelligence sharing and exchange of resources," he said. Haroon Akhtar Khan told the US delegation Pakistan was a much better and equally safer place than what the international media sometimes tended to show it to the outside world. "We have come a long way in our fight against terror, and our success on this front owes to the massive sacrifices of our nation as well as our military and paramilitary officers and soldiers who have laid down their lives in stamping out the forces of evil from our soil," he added. He also briefed the US delegation on the state of Pakistan economy which, he said, was in a good shape and certainly much better than it was a few years ago. "Our democratic experience is going very well and the second democratic government is now on the verge of completing its full five-year term which shows the strength of our democratic institutions," he said. Ms Shelly Atkinson thanked the Minister and the FBR for giving her and her colleagues valuable insights into the working of Pakistan Customs which, she conceded, had been excelling in many areas and doing far better than some of the countries in the region. "We look forward to benefiting from the Pakistani experiences by engaging one or two Pakistani instructors to be part of the learning and capacity-building programmes in the US Department of Homeland Security," she said.

Hamid Raza Khan
Secretary (PR)

Jan 16, 2018 Revised real estate valuation rates to boost revenue collection

The recent adjustment of real estate valuation rates in selected areas of some major urban centers of the country is aimed at providing level playing field to all and is likely to boost revenue collection and promote healthy growth of the real estate sector in the long run.

The adjustment of property valuation rates has been carried in only a small number of localities out in six large cities. Among these areas and localities where the valuation rates have been adjusted include only one locality (Hayatabad) out of 335 residential localities in Peshawar, one locality (Eden Orchids) in 395 localities of Faisalabad, six localities namely Gujarpura, Anmol Cooperative Housing Society, Attari Saroba, Balhar, Dev Khurd Kalan and EME Society in the entire 1234 localities of Lahore and three sectors of I-15, I-16 and E-12 in the 64 localities of the federal capital. Similarly, only three out of 195 localities in Karachi and only two localities in Rawalpindi have been adjusted because of certain anomalies in the previous valuation rates.

The FBR rates have been revised after several representations made by the various Real Estate Agents Associations in view of the negative impact of the previous FBR notified rates which in certain cases were in excess of true market rates or in few cases reached upto 70 to 80 per cent of the market rates. These anomalies led to stagnation in real estate activity and, in some cases, crippling of real estate business in the market.

This rationalization and revision of rates in certain localities, to remove anomalies, is aimed at not only to boost the market but also to have a positive impact on the growth of revenue from the real estate business in aforementioned areas wherein it had reduced to a standstill due to a lack of interest and a sharp decline in real estate investments. The FBR rates are also likely to be revised upward in the next budget following consultations and input from all the stakeholders.

 

 

Hamid Raza Khan
Secretary PR

Jan 12, 2018 Govt aiming for business-friendly, pro-industry budget, says Haroon Akhtar

Special Assistant to the Prime Minister/Federal Minister on Revenue Haroon Akhtar Khan has said the government is aiming for a businessman-friendly and pro-industry budget for the next fiscal year.
"We want the next budget to be a reflection of our intent to improve the areas of economy which have not kept up with growth in other sectors, as well as the aspiration and expectations of the business community which has always reposed confidence in our government to provide them a level-playing field to boost their businesses," he said while talking to a delegation of the Rawalpindi Chamber of Commerce & Industry which called on him at the FBR House today.
The delegation was led by President RCCI Mr. Zahid Latif Khan, SVP Mr. Mohammad Nasir Mirza, VP Mr. Khalid Farooq Qazi and formers presidents of the RCCI, including Mr. Sohail Altaf, Mr. S.M. Naseem and Syed Asad Mashadi. Former SVP RCCI Rashid Waien and Director RIET-Islamabad Stock Exchange Mr. Masoom Akhtar were also present.
The delegation congratulated Mr. Haroon Akhtar Khan on his elevation as the Federal Minister, calling it a very welcome development given his experience and expertise on the revenue side as well as his deep understanding of the day-to-day problems and issues confronting the business community. They said the business community and chambers were keen to work with him to broaden the tax base and add more people to the tax net.
Haroon Akhtar Khan appreciated the gesture of the delegation and invited the Rawalpindi Chamber and other trade and business organisations across the country to come up with solid and practical proposals and recommendations for incorporation in the next financial budget to sustain and further accelerate the pace of growth and economic activity in the country. He said the Prime Minister was keen to give maximum possible incentives and concessions to the business community in the next budget and his team at FBR was working on those lines to make the next budget more favourable for the business community.
He said the government was keen to further accelerate the pace of economic growth and already several suggestions and propositions were being considered and examined to give maximum relief and incentives to the business community. He said the next year budget would be entirely businessman-friendly and pro-industry and it would include several innovative policy measures to shore up the growth rate and jumpstart further economic activity in the country


Hamid Raza Khan
Secretary (PR-FATE)

Jan 12, 2018 No reversal of policy on real estate valuation, says FBR

Federal Board of Revenue (FBR) has taken strong exception to news reports appearing in a section of the press claiming the downward revision of real estate valuation for some areas has partially reversed the policy decision taken in 2016 for adoption of market value of real estate for the purposes of collection of Federal taxes.
In an official statement, FBR has asserted that there is no deviation or reversal of the policy to revise the FBR rates in phases and make them equal to the market rate in a reasonable period. The revision of rates in six cities is meant only to remove the anomalies in the existing valuation tables.

FBR rates for immovable properties were notified in August 2016. Before notifying the rates, the fair market value of all the areas was determined. Thereafter, the FBR rates were fixed after consultation with the stake holders. The overall average of FBR rates were fixed at a certain percentage of the fair market value with the intention to take the FBR rates equal to the fair market value gradually over a reasonable period of time.

Various representations/complaints were received regarding anomalies in valuation tables of FBR. It was reported that FBR rates in some areas are higher than the approximate overall average percentage of the fair market value and in some areas even higher than 100% of the fair market value.  In this regard, FBR also held various meetings with the stakeholders to remove the anomalies. The anomalies pointed out were of two main categories which are as under:-
i.    The FBR rate in some areas was fixed much higher than the overall average percentage of the fair market value and in some cases even higher than the fair market value.
ii.    The FBR rate as percentage of fair market value was higher when compared with a similar comparable location.

Accordingly, the FBR rates for specified areas have been revised to remove the above anomalies. It is pertinent to mention that the revision of FBR valuation tables is meant to redress the genuine grievances of the stakeholders so that FBR rates of all areas remain at a certain percentage of the fair market value and there is no anomaly in fixation of the fair market value between comparable areas.
 

Hamid Raza Khan
Secretary (PR-FATE)

Jan 12, 2018 FBR rebuts duplication of revenue collection figures

Federal Board of Revenue (FBR) has strongly denied a news item captioned "Duplicated collection figures irk FBR highups" and published in a section of the press insinuating that the collection figures reported to and by FBR include duplication.

In an official statement issued on Friday, FBR clarified that it follows a meticulous process of reporting revenue collection and takes all possible care to preclude duplication or misreporting of figures. Furthermore, these figures are authenticated and reconciled not only with State Bank of Pakistan but also with AGPR. Therefore, the question of fudging of figures does not merit consideration.

FBR also clarified that no inquiry on the issue of duplicate reporting is being conducted in FBR. In order to strengthen internal controls and management, FBR like all responsible organizations continuously endeavours to streamline its core business processes and reporting mechanisms and such efforts may not be scandalized by insinuations of any wrongdoing by the FBR or its field offices.

It is reiterated that the revenue collection figures reported by the FBR are totally reliable and the provisional collection figures announced at the end of each month are invariably on the lower side and the final reconciled collection figures are always higher than the provisional figures.
 

Hamid Raza Khan
Secretary (PR-FATE)

Jan 11, 2018 Haroon Akhtar meeting with Foam Manufacturers Association

Mr. Haroon Akhtar Khan, Special Assistant to Prime Minster on Revenue has said that the government believes in creating business friendly environment for all business community and wants to address their genuine problems.
In meeting   with delegation of All Pakistan Foam Manufacturers Association (Non-Exempted Group) here at the FBR House on Thursday he said, “We shall try to resolve the problem of sales tax on foam manufacturers in the upcoming budget and will take further steps to uplift this industry,” he said.
The delegation of All Pakistan Foam Manufacturers Association (Non-Exempted Group) was comprised of Sheikh Usman Rashid (Ruby Foam), Sheikh Mohammad Ismail (Cannon Foam), Mian Umer Javaid (Joy Foam), Mehr Mohammad Saleem (Crown Foam), Mahommad Jadoon (United Foam) and others.
The delegation also congratulated Mr. Haroon Akhtar Khan on being elevated as federal minister on revenue by Prime Minister Shahid Khaqan Abbasi and briefed the minister about their problems and requested him to save industry from total collapse.
The minister said that field formations will also be mobilized to curtail the problems in tax matters of foam manufacturers. Member IR Policy Dr Mohammad Iqbal and Member Custom Mohammad Zahid Khokar and other FBR officials were also present in the meeting


Hamid Raza Khan
Secretary (PR-FATE)

Jan 10, 2018 FBR offers to train NBP employees to file tax returns

A team of Facilitation and Taxpayer Education (FATE) Wing of FBR met the top leadership of National Bank of Pakistan (NBP) in Karachi today as part of FBR's taxpayers' outreach programme started last year to create awareness and understanding of the advantages of filing of tax returns and extending FBR's help and facilitation to employees of large organisations at their doorsteps for e-filing.

The meeting was held between the FBR team led by Member FATE Ms Nausheen Javaid Amjad and National Bank of Pakistan (NBP) President Saeed Ahmed who was also assisted by Mr. Abdul Wahid Sethi (SEVP/CFO) and Zahid Mahmood Chaudhry (SEVP & Group Chief, Human Resources Management Group).

The meeting was in continuation of the proactive steps taken by the FBR in recent months to apprise the large public and private sector organizations of the advantages of e-filing by their employees. The Member FBR told the NBP management that as per data available with the FBR, a considerable number of the employees of major banks were not filing Income Tax returns and sought help from NBP President and his team to motivate their employees to fulfill their national obligation by filing their tax returns.

NBP President Mr. Saeed Ahmed assured his full cooperation for this national cause, and directed the bank management to instruct the employees to file their Income tax returns at the earliest. He also welcomed Member FATE FBR Ms. Nausheen Amjad's offer for deputing FBR teams to impart one-day training and assist the bank officials in filing of their due returns.

 

Member FATE FBR Ms Nausheen Javaid Amjad holding a meeting with National Bank of Pakistan (NBP) President Saeed Ahmed. Mr. Abdul Wahid Sethi (SEVP/CFO) and Zahid Mahmood Chaudhry (SEVP & Group Chief, Human Resources Management Group) of the NBP 




Hamid Raza Khan
Secretary (PR-FATE)

Jan 04, 2018 FBR initiates drive to make tax education part of university curricula
A team of Facilitation and Taxpayer Education (FATE) Wing of FBR visited the National University of Sciences & Technology (NUST) Islamabad today to request for greater academic focus and research on taxation and inculcation of tax education as a key component of university curricula.
 
The team led by Member FATE Ms Nausheen Javaid Amjad met the management of NUST School of Social Science and Humanities and had a detailed, interactive session with a large gathering of faculty and students of various departments on the need and importance of tax education and tax literacy for enabling the students to be the change agents for promoting a tax compliant society.
 
She briefed the students on various initiatives taken by FBR in recent months such as the modernization of FBR's helpline, installation of a state-of-the-art Customer Relationship Management System (CRMS), publication of facilitation brochures and material and various tax awareness and outreach programmes to bridge the gap between the tax authority and the taxpayers as well as to create the essential awareness and understanding of taxes and filing of Income Tax returns. "People need to know that filing of Income Tax returns is not only a national and civic duty, it also entails many benefits and advantages in terms of low tax rates on various transactions for the filers," she said.
 
The FBR Member also dilated upon various outreach sessions and training workshops conducted by FBR on e-filing and other aspects of taxation for the employees of several large public and private sector organisations in recent months, and offered to hold similar training sessions and workshops for the outgoing students of NUST. "Our efforts have already resulted in significant improvement in the number of return filers this year and we hope our academic institutions can further create tax literacy to increase tax compliance and help the students learn the importance of something they confront well before they receive their first salaries and incomes after joining the business world as entrepreneurs and high-end professionals," she added.
 
Speaking on the occasion, Dr. Ashfaque Hassan Khan, Principal and Dean of the NUST School of Social Science and Humanities, and Prof Dr. Athar Maqsood Ahmad, Head of Economics Department at NUST welcomed the FBR's initiative of doing away with the traditional, one-way communication of the past and starting a more engaging, interactive and productive partnership with the taxpayers and particularly students who were the future's opinion makers and business leaders, leading the way in the use and adoption of new innovative technologies to drive socio-economic changes in the society.
Hamid Raza Wattoo
Secretary PR FBR

Dec 31, 2017 FBR collects more than 1722 billion revenue

Federal Board of Revenue remains on track to achieve annual collection target of Rs 4013 billion. During first half of the current financial year, Federal Board of Revenue has recorded provisional net revenue collection of over Rs. 1722 billion as against Rs. 1466 billion collected during the same period of the previous fiscal year, by recording an increase of around 17.5% over the revenue collected during the corresponding period of last fiscal year. These figures have been arrived at by taking reconciled figures of net revenue collected upto November, 2017 at Rs 1305 and provisional figures of Rs 417 billion for December, 2017. Refunds during last period have been issued to the tune of Rs 58 billion as against Rs 45 billion issued during this year depicting an increase of 28% during the corresponding period of previous fiscal year. The target for the year has been fixed with an annual increase of around 19% over the previous year.

The provisional collection for the month of December 2017 was 417 billion excluding collection  on account of book adjustments which may range between 4 to 5 billion as against 382 billion collected during December, 2016 showing an increase of around 39 billion. Moreover, figures of collection received in the treasuries of the remote areas may further swell the revenue figures.

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 953,410 returns were received upto December 31, 2016, whereas 1,158, 380 returns have been received till December 31, 2017. This shows a increase of 21.5% in the number of returns received during the same period of previous fiscal year. Also, since the last date of filing of returns of the corporate sector fell on Sunday, which is a public holiday, therefore returns and tax on the basis of returns of the corporate sector has spilled over in January, 2018.

Hamid Raza Khan
Secretary (PR-FATE)

Dec 19, 2017 Companies and Association of Persons to pay second installment of Advance Income Tax by 25th December, 2017


Hamid Raza Wattoo
Secretary PR FBR

Dec 19, 2017 Govt keen to promote local computer industry, says Haroon Akhtar

Special Assistant to the Prime Minister on Revenue Mr. Haroon Akhtar Khan has said the government is ready to incentivize the local computer industry in view of the growing demand and use of computers, laptops and notebooks in the country.
"The computer industry is the future of Pakistan and the government is committed to providing it all possible incentives so that every person in the country can afford to buy a computer at affordable rates," he said while talking to a delegation of All Pakistan Computer Association at the FBR House here. Association's Chairman and founder Munawar Iqbal led the visiting delegation while senior Members of the FBR were also present.  
The delegation briefed the Special Assistant to the Prime Minister on the current state of local computer industry and expressed their satisfaction with what they described as an end to the smuggling of computer parts in the country. They also appreciated the government's initiatives of  slashing half of the withholding tax on e-commerce and the permission for opening of dollar accounts in the country.
The delegation submitted that while the government had always extended its support to the local computer industry, there was a need for more incentives and policy measures so that the local industry and local assembling of computers could flourish and boost its contribution to the national economy.  
Haroon Akhtar Khan assured the delegation the government would welcome any proposals by the Computer Association to boost their industry, and called for preparation and submission of a set of realistic and workable proposals within the next couple of months so that the same could be deliberated upon before being made part of the federal budget. "We want to protect and promote the local industry so that the import bill on the purchase of computers can come down and the local industry can also enjoy a competitive edge vis-a-vis multinational companies currently supplying computer machines and spare parts in the market," he said.

Hamid Raza Wattoo
Secretary PR FBR

Dec 19, 2017 Govt keen to promote local computer industry, says Haroon Akhtar

Special Assistant to the Prime Minister on Revenue Mr. Haroon Akhtar Khan has said the government is ready to incentivize the local computer industry in view of the growing demand and use of computers, laptops and notebooks in the country.
"The computer industry is the future of Pakistan and the government is committed to providing it all possible incentives so that every person in the country can afford to buy a computer at affordable rates," he said while talking to a delegation of All Pakistan Computer Association at the FBR House here. Association's Chairman and founder Munawar Iqbal led the visiting delegation while senior Members of the FBR were also present.  
The delegation briefed the Special Assistant to the Prime Minister on the current state of local computer industry and expressed their satisfaction with what they described as an end to the smuggling of computer parts in the country. They also appreciated the government's initiatives of  slashing half of the withholding tax on e-commerce and the permission for opening of dollar accounts in the country.
The delegation submitted that while the government had always extended its support to the local computer industry, there was a need for more incentives and policy measures so that the local industry and local assembling of computers could flourish and boost its contribution to the national economy.  
Haroon Akhtar Khan assured the delegation the government would welcome any proposals by the Computer Association to boost their industry, and called for preparation and submission of a set of realistic and workable proposals within the next couple of months so that the same could be deliberated upon before being made part of the federal budget. "We want to protect and promote the local industry so that the import bill on the purchase of computers can come down and the local industry can also enjoy a competitive edge vis-a-vis multinational companies currently supplying computer machines and spare parts in the market," he said.

Hamid Raza Wattoo
Secretary PR FBR

Dec 18, 2017 Women support vital for sustainable tax culture, says FBR Member

Member Facilitation and Taxpayer Education (FATE) FBR Ms Nausheen Javaid Amjad has described the women's support as vital for creating a sustainable tax culture and ensuring maximum tax compliance in the society.

"Women can lay the foundation of a better tomorrow by leading positive behavioural change in the society," she said in a keynote address to a two-day 'All Pakistan Women Chambers President's Conference' arranged by Rawalpindi Chamber of Commerce & Industry (RCCI) in Rawalpindi.

Nausheen Amjad said there was a need to inculcate tax education in all stages of formal or informal learning. "FBR is currently engaged in an extensive taxpayer outreach programme to create basic knowledge about tax affairs, awareness about the rights and responsibilities of taxpayers, promote tax literacy and highlight payment of taxes as a national duty," she said.

Highlighting the features of FBR's outreach programme, the Member FATE FBR said her wing had been engaged in a host of activities, including the running of a dedicated FBR helpline, setting up of a Customer Relationship Management System, publication of taxpayer facilitation brochures and manuals as well as running tax awareness campaign through the media.

Nausheen Javaid said creating a tax culture and promoting tax literacy was essential to making informed decisions about tax affairs, effectively manage financial resources, increase incidence of tax compliance, raise awareness about filing of Income Tax returns and emphasize the social value of taxes as contributor to socio-economic development of the society.

She said women in Pakistan were also contributing significantly to the vibrancy of socio-economic life as corroborated by the figures of Income Tax filers for the Tax Year 2016 when FBR received 1.32 million returns with the share of salaried women standing at 4.9% with 65,225 filers and the share of non-salaried women filers standing at 6.4 per cent with 85,278 filers.

Earlier, Rawalpindi Chamber President Zahid Latif Khan welcomed the participants of the conference and briefed them about various initiatives of the Chamber, including the recent establishment of Women Business Incubation Centre at RCCI and providing the business women developmental forums to help the women entrepreneurs get into the mainstream activities of national economy.

 

Hamid Raza Khan
Secretary (PR)

Dec 16, 2017 Haroon Akhtar urges maintenance of 19% revenue growth

Special Assistant to Prime Minister on Revenue Mr Haroon Akhtar Khan has called on the field formations of FBR to maintain the ongoing momentum and ensure the 19 per cent growth in the revenue collection. He was addressing a meeting of Chief Commissioners held in Lahore to review the performance of regional tax offices and to ensure that target assigned for the second quarter shall be met accordingly. Mr. Haroon Akhtar Khan is visiting the RTOs on the special instructions of Prime Minister Shahid Khaqan Abbasi to ensure optimal revenue generation and resource mobilisation in the coming months. The meeting was attended by the Chief Commissioners from LTU lahore, CRTO lahore, RTO 2 Lahore, Multan, Sahiwal, Faisalabad, Gujranwala and Sialkot. The S.A. to PM on Revenue further stressed that maximum efforts must be maintained to achieve the targets to keep the growth of revenues at 19 per cent.

Hamid Raza Wattoo
Secretary PR FBR

Dec 15, 2017 No harassment of traders, businessmen, says Haroon Akhtar

Special Assistant to Prime Minister on Revenue Mr. Haroon Akhtar Khan has said the government believes in collecting taxes and broadening of tax base with the help of business community in a business-friendly environment free of duress and intimidation.

"We consider the support of traders and business community as a key to the government's efforts for maximizing revenue generation and resource mobilization," he said while talking to a delegation of Rawalpindi Chamber of Commerce and Industry which led by its Sr. Vice President Nasir Mirza and other office-bearers of the Chamber, met him and senior hierarchy of the FBR at FBR House.

Haroon Akhtar Khan said the government had increased the revenue growth by 20 per which came out even better at 24 per cent during the month of November. "This is a positive trend and this must continue in coming months for the socio-economic uplift of the country," he added.   

To a question, he said FBR field formations were already in regular touch with the chambers and traders' associations and this close interaction would be strengthened in coming months for the broadening of tax base. "The government does not want to burden the existing taxpayers and we are keen on finding new taxpayers," he said.

Speaking on the occasion, Rawalpindi Chamber's Sr. Vice President Nasir Mirza, Sohail Altaf, Ahsan Naseem and others thanked Haroon Akhtar Khan for understanding the issues and concerns of small traders and for ensuring a cordial and conducive environment for the growth of business. They also vowed to make Rawalpindi a model zone in terms of tax compliance and cooperation towards FBR's efforts for broadening of tax base


Hamid Raza Wattoo
Secretary PR FBR

Dec 12, 2017 Haroon Akhtar meeting with Asian Development Bank Officials

Government of Pakistan, with the financial assistance of Asian Development Bank (ADB) had embarked on a flagship project titled “Integrated Transit Trade Management System”, under which three state-of-the-art border complexes would be established at Torkham, Chaman and Wahga. The objective is to facilitate legitimate trade, without compromising security of the global supply chain.

In order to review the progress of the project, a meeting was convened by the Special Assistant to Prime Minister on Revenue Mr Haroon Akhtar Khan at FBR Headquarters Islamabad. Member (Customs) Muhammad Zahid also attended the meeting. Country Director of the Asian Development Bank Ms Xiaohong Yang was also present.

The Project Director of the project of FBR gave detailed presentation, explaining the project’s background, objective, overview and progress till date.

The Special Assistant to Prime Minister on Revenue Mr Haroon Akhtar Khan clarified that there shall be no deviation from overall objective of the project, which is to maximize facilitation to legitimate trade and passenger movement by reducing the dwell time, eliminating bottlenecks and improving procedures, with out compromising on regulatory controls and security. He also emphasized that FBR should ensure completing of the project within stipulated timeframe.

 
Hamid Raza Khan
Secretary PR

Dec 12, 2017 FBR Appreciates Response to Taxpayers Outreach Program

Taxpayers Outreach Program of Federal Board of Revenue has been launched to approach and facilitate taxpayers, being individual employees, through their employers for filing of their returns. This program is a step towards broadening the tax base in the country. Pakistan Army took the lead in this respect and subsequently Federal Board of Revenue has started a series of workshops to educate, motivate and facilitate the taxpayers to file their Income Tax Returns.

It is, however, clarified that tax is already being deducted in respect of all personnel of Armed Forces deriving taxable salaries and only electronic filing of returns is being facilitated. Moreover, pension of ex-servicemen of Armed Forces, like every other pensioner, is exempt from tax.

Following this lead, various heads of large organizations and leading banks approached FBR in this respect. In response different teams were constituted led by senior Members of FBR who conducted various meetings with heads of these organizations to create understanding and awareness about tax obligations and offered facilitation to the taxpayers to boost filing of Income Tax Returns.

 
Hamid Raza Khan
Secretar PR

Dec 11, 2017 Haroon Akhtar Khan briefs IMF delegation on economic strides

A delegation of Post Programme Monitoring Mission of International Monetary Fund, led by Mr. Harold Finger, met with Mr. Haroon Akhtar Khan Special Assistant to PM Revenue, today 11th December 2017. The delegation held a detailed and fruitful discussion with SA to PM on different aspects of Pakistan's economy, its growth and FBR's contribution towards it. Mr. Finger lauded the efforts of the government, appreciating the healthy economic growth shown by Pakistan. Mr. Finger was appreciative of the momentum that was built last year and which has continued in this financial year also as indicated by sustained economic growth. The delegate specifically acknowledged the growth in revenue shown by FBR. Mr. Finger recognized that such growth was remarkable as last year FBR had experienced revenue dip due to the tax concessions offered in agricultural package, zero rating of inputs of five export oriented sectors and the government's decision of not passing on the effect of increase in POL prices. 

B Mr. Haroon Akhtar pointed out the numerous policy as well as operational initiatives taken by FBR to create deterrence against tax evasion and avoidance. In this regard Mr. Finger appreciated FBR's role in introducing legislation such as Benami Act, its Anti-Smuggling and Anti Money Laundering operations. Mr. Finger appreciated the increase in number of tax filers and further emphasized the need to optimally utilize available third party data for bringing more people in the tax net.  At the same time Mr. Finger also stressed the need to make concerted effort to take on policy issues to plug leakages and create more avenues for revenue collection. Mr. Finger also highlighted the simultaneous need for taxpayer facilitation, building trust and creation of tax culture along with revenue generating measures. He also pointed out the need to create coordination of Federal and Provincial revenue authorities and to harmonize processes. 

 
Hamid Raza Khan
Secretary PR

Dec 07, 2017 Govt to facilitate overseas Pakistanis to invest in real estate sector

Special Assistant to Prime Minister on Revenue Mr. Haroon Akhtar Khan has said the government is committed to promoting the real estate sector and facilitating the overseas Pakistanis to invest in the country's real estate sector to boost remittances and maximising revenues.

"The government values the importance of real estate sector for driving the national economy and we are fully committed to providing all possible facilitation and incentives to boost investment in this sector," he said while talking to a delegation of Federation of Realtors of Pakistan (Real Estate) which met him at FBR House. Major Muhammad Rafique, the President of the Realtors Federation was leading the visiting delegation.  

During the meeting, Haroon Akhtar Khan also welcomed a proposal by the Federation for formation of a broad-based committee to prepare recommendations for the development of the real estate sector as well as resolution of any issues arising out of anomalies in valuation, and assured the delegation full support in this regard. 

Hamid Raza Khan
Secretary (PR)

Dec 04, 2017 Govt keen to spur growth in manufacturing sector - Haroon Akhtar

Special Assistant to Prime Minister on Revenue Mr. Haroon Khan has said that it is the endeavour of government to spur growth in the manufacturing sector and is willing to work with the business sector to strengthen the manufacturing sector through a realistic and consensus-based plan of action based on viable proposals advanced by the business community.  

"The government believes in facilitating the business community by providing them a level-playing field and an investment-friendly environment," he said while talking to a delegation of Pakistan Business Council led by Council founder Mr. Ali Habib and Chairman Mr. Ahsan Malik. Member IR Policy FBR Dr. Muhammad Iqbal and other senior FBR officials were also present.      

The delegation briefed the Special Assistant to Prime Minister on Revenue on the issues and concerns of the business community with particular focus on challenges facing the manufacturing sector and presented a set of proposals and recommendations for their solution. 

Mr. Haroon Khan reiterated that the government was keen to work with the business community and requested the Pakistan Business Council to prepare a comprehensive and realistic plan of action for the resolution of issues facing the manufacturing and other associated sector. "The government has for the past four a half years taken a number of initiatives in the regard and we would welcome any suggestion and input from the relevant stakeholders to further consolidate our efforts to strengthen the manufacturing base," he said.

 
Hamid Raza Khan
Secretary (PR)

Nov 30, 2017 FBR registers more than 24% revenue growth

Federal Board of Revenue has continued to display satisfactory performance in the fifth consecutive month of the current financial year and achieved provisional net revenue collection of over Rs. 270 billion for the month of November, 2017 by recording an increase of around 24% over the revenue collected during the corresponding month of last fiscal year. Refunds during this month have also been issued to the tune of Rs 13 billion. Provisional net revenue collection was recorded as Rs. 1302 billion for the first five months of the fiscal year with an increase of around 19.55% over the net revenue collected during the same period of last fiscal year. During fiscal year 2016-17, the collection for the first five months stood at 1089 billion The target for the year has been fixed with an annual increase of 19.2% over the previous year.
 
 Federal Board of Revenue has also registered substantial growth in the number of returns received for the tax year 2017 upto 30 th November, 2017 as compared to returns received for tax year 2016 upto 30 th November, 2016. Only 746,022 returns were received upto November 30, 2016, whereas at 8 pm on November 30, 2017 a total of 991,187 returns have been received and the number is still expected to increase. This shows a substantial increase of around 33% in the number of returns received during the same period of previous fiscal year.

Hamid Raza Khan
Secretary (PR)

Nov 22, 2017 Inauguration of Commissioner BTB office in Islamabad

The Chairman Federal Board of Revenue Mr. Tariq Mehmood Pasha, Member I.R Operations Khawaja Tanveer Ahmed, D.G Broadening of Tax Base Mr. Muhammad Tanvir Akhtar and Chief Commissioner, RTO, Islamabad inaugurated the office of Commissioner of BTB Islamabad located at CDA Block No. 2 & 3 of Melody Islamabad. The Director General, BTB introduced the team members of BTB zone to the Chairman FBR. The Chief Commissioner RTO Islamabad also apprised the Chairman FBR during his talk expressed the theme and philosophy of establishment of separate Broadening of Tax Base function’s. During his conversation with the officers present, he mentioned ultimate objective is to establish a countrywide strong BTB organization covering all the important cities of the country. He added that it is the only way that, we can broaden our tax base and bring our tax base at par with the developed economies.



















 

Hamid Raza Khan
Secretary (PR)

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)