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Feb 03, 2016 Request for media coverage of FBR-traders meet at Regional Tax Office Islamabad tomorrow

It is brought to your kind notice that Regional Tax Office (RTO) Islamabad is holding a meeting with office-bearers and members of different trade bodies and Anjuman e Tajraan on Voluntary Tax Compliance Scheme (VTCS). The schedule of the event is as under

Venue                  Regional Tax Office (RTO)
                             Plot No. 20, Mauve Area, G-9/1
                             Islamabad
Date                     February 04, 2016 (Thursday)
Time                     2:30 pm
2.You are requested to depute a team of reporter/camera man for the coverage of the said event at the given venue, date and time. For any coordination, Additional Collector RTO Islamabad Mr. Saleem Akhtar may also be contacted at 051-9241267. 
 
         Looking forward to a kind response
 

 

Hamid Raza Wattoo)
Secretary (PR-FATE)

Feb 03, 2016 Request for media coverage of FBR-traders'meet in Karachi tomorrow
Dear Sir,
 
A high-level team of Federal Board of Revenue (FBR) consisting of Member Inland Revenue Policy Rehmatullah Wazir, Member Facilitation and Taxpayers Education (FATE) Wing Mr. Nadeem Dar and Chief Inland Revenue Policy Vishnu Raja Qavi will hold a meeting with office-bearers and representatives of various trade bodies and tax bar associations at Regional Tax Office (RTO) Karachi tomorrow (Thursday). The schedule of the event is as under
Venue                        Regional Tax Office (RTO), Attaturk Road, Karachi
Date                           February 04, 2016 (Thursday)
Time                           1:oopm
2.       You are requested to depute a team of reporter/camera man for the coverage of the said event at the given venue, date and time.
 
           Looking forward to a kind response
 
Hamid Raza Khan
Secretary (PR-FATE)

Feb 03, 2016 SA to PM on Revenue despatches FBR Members to Karachi to meet traders

Special Assistant to Prime Minister on Revenue Senator Haroon Akhtar Khan has despatched a high-level team of FBR officials to Karachi to hold series of meetings with office-bearers and members of trade bodies, business community and tax bar association to apprise them of the Voluntary Tax Compliance Scheme (VTCS). 

The team comprises Member Inland Revenue Policy Rehmatullah Wazir, Member Facilitation and Taxpayer Education Wing Nadeem Dar and Chief Inland Revenue Policy Vishnu Raja Qavi. The three senior FBR officials would stay in Karachi until the weekend and hold meetings with the traders and representatives of business community and explain to them the benefits and advantages of the recently launched Voluntary Tax Compliance Scheme which allows the traders a broad range of incentives to become part of the tax net. 

The sending of a high-level FBR team to the metropolitan city of Karachi comes following Haroon Akhtar Khan's instructions to the officers and staff of FBR to make all-out efforts to make the scheme successful as the scheme offers a "rare and golden opportunity to the traders to become part of the tax net and do their business with ease and comfort and without any fear of being audited for the next four years". 

It may be added that FBR has set up a control room-cum-operational room in the FBR Headquarters to coordinate activities in FBR's field formations across Pakistan to facilitate and educate the traders about the Voluntary Tax Compliance Scheme which has been launched after approval of the Parliament. 

The Control Room fitted with communication and connectivity gadgets, was made operational yesterday. A dedicated team of FBR officials has also been deputed at the Control Room to coordinate efforts for facilitating and educating the traders and motivating them to make full use of the Voluntary Tax Compliance Scheme.  

Meanwhile, all Regional Tax Offices have already been instructed not to issue any notice to a person who becomes part of this scheme, without the approval of FBR Headquarters. To make the scheme successful and to facilitate the traders community, focal persons and sub-focal persons have also been appointed in all Regional Tax Offices (RTOs) while informative & explanatory material about the scheme has also been made ready

 
Hamid Raza Khan
Secretary (PR-FATE)

Feb 03, 2016 RTO Rawalpindi forms 14 teams to apprise traders of Voluntary Tax Compliance Scheme

Hamid Raza Khan
Secretary (PR-FATE)

Feb 02, 2016 FBR in full gear to make Voluntary Tax Compliance Scheme a success

Special Assistant to Prime Minister on Revenue Senator Haroon Akhtar Khan on Tuesday inaugurated a control room-cum-operational room in the FBR Headquarters to coordinate activities in FBR's field formations across Pakistan to facilitate and educate the traders about the Voluntary Tax Compliance Scheme which has been launched after approval of the Parliament. 

Member Operations FBR Dr. Muhammad Irshad and other senior officials of FBR were also present.  The Special Assistant to the PM cut the ribbon to make the control room fitted with communication and connectivity gadgets, operational. Later, he was briefed by Member Operations FBR, Dr. Muhammad Irshad on various monitoring and control mechanisms put in place to coordinate efforts for facilitating and educating the traders and motivating them to make full use of the Voluntary Tax Compliance Scheme. 

The SA to PM was told that all Chief Commissioners of Regional Tax Offices had already been instructed not to issue any notice to a person who becomes part of this scheme, without the approval of FBR Headquarters. To make the scheme successful and to facilitate the traders community, focal persons and sub-focal persons had also been appointed in all Regional Tax Offices (RTOs) while informative & explanatory material about the scheme had also been made ready. 

Addressing the officers on the occasion, Haroon Akhtar Khan, Special Assistant to the Prime Minister on Revenue, exhorted the officers and staff of FBR to make all-out efforts to make the scheme successful. He said the scheme offered a rare and golden opportunity to the traders to become part of the tax net and do their business with ease and comfort and without any fear of being audited for the next four years. 

Mr. Haroon Akhtar Khan instructed the staff at the Control Room to keep close liaison with the field formations and work diligently to address any issue hampering a smooth implementation of the scheme. He expected a large number of traders of the country to be benefiting from the scheme because of the incentives and advantages it offered them  for documenting their businesses. 

The Special Assistant to the PM on Revenue also asked the Operations Wing to instruct all Regional Tax Offices and field formations to hold regular meeting with the representatives of All Pakistan Anjuman-e-Tajraan and the local Tax Bar Associations. "Such meetings should be held within the next two days so that an atmosphere of mutual trust and confidence can be built early on to make the scheme successful," he said, similar meetings with local media-persons should also be arranged to create a feel-good factor and apprise them of the salient features of the scheme. 

Meanwhile, Member Inland Revenue Policy Mr. Rehmatullah Wazir and Member Facilitation and Tax Education Wing Mr. Nadeen Dar visited Rawalpindi Chamber of Commerce and Industry today to explain to traders salient features of the Voluntary Tax Compliance Scheme. On arrival at the chamber, they were welcomed by Mian Humayun Parvez, President of Rawalpindi Chamber of Commerce and Industry and others. In their interaction with traders and members of the Chamber, the Members explained to them the benefits of becoming part of the scheme and urged them to take full advantage of this opportunity to become part of the tax system and do their business with ease and comfort.


Hamid Raza Khan
Secretary (PR-FATE)

Feb 01, 2016 FBR collects Rs 209 billion to surpass Rs 205 billion target for January

During January, 2016, according to the provisional figures received so far, FBR has made a net collection of around Rs. 209 billion as against Rs. 171 billion collected during January, 2015 showing an increase of 22%. The target for the month was fixed at Rs. 205 billion which has also been achieved. The figure is expected to rise further. The net collection for the current seven months stood at 1594 billion showing an increase of over 19% from the corresponding period of the previous year. The target for the current month has therefore been surpassed by around 4 billion. The revenue collection trend during the first seven months of the financial year augurs well for the efforts of FBR towards achievement of the annual assigned revenue targets.

From July to December, 2015, FBR made a net collection of Rs. 1385 billion as against target of more than Rs. 1390 billion thus falling short by Rs 5 billion. During the current month, not only the assigned target of Rs 205 billion  was achieved, Rs 4 billion was also recouped in respect of the shortfall of the previous six months and thus the target for the first seven months has almost been achieved. FBR was able to achieve the said target despite the challenges of reduced oil prices, drop in commodity prices and low inflation. 

 
Hamid Raza Khan
Secretary (PR-FATE)

Jan 06, 2016 Last date to file tax returns by companies extended to 21st

The last date for filing of returns by companies whose tax year ends on any date between 1st January 2015 to 30th June 2015 has been extended to 21st January 2016.

Dr. Muhammad Iqbal
Member (SPR&S) Official Spokesperson FBR

Jan 04, 2016 FBR bids farewell to outgoing Members

A meeting of the Board-in-Council was held here at FBR House, Islamabad. The meeting was chaired by Mr. Nisar Muhammad Khan, Chairman, FBR and attended by Members of the Board. In line with the tradition in FBR, the following officers recently retired in BS-21 (in FBR HQ), were invited to this meeting to pay homage and to bid farewell to them by the Board-in-Council:-

1. Syed. Ejaz Hussain, Member TPA (IRS/BS-21)
2. Mr. Ahmad Dildar (PCS/BS-21)

The above officers, who were invited to the meeting on special invitation, shared their views and work experiences during their careers in and outside FBR, Members of FBR, in their individual remarks, hailed the services rendered by the retired officers and also shared their reminiscences of some pleasant memories while working together with the honorably retired officers.

The Chairman, FBR in his concluding remarks appreciated the services of the above officers and their hard work and commitment to the organization. The Chairman, FBR and all the Members highlighted the moral values practised by outgoing officers and unanimously praised the high level of integrity and honesty exhibited by them during their entire career.  The Chairman emphasized that the retired officers with their enriched experience behind them must continue contributing to the society. He wished them all healthy and prosperous life in future.
At the end, the Chairman, FBR presented souvenirs and flower bouquets to the above outgoing offices of FBR

Hamid Raza Khan
Secretary (PR), FATE Wing

Jan 01, 2016 Government unveils Voluntary Tax Compliance Scheme to be implemented after Parliament's approval

The Government has announced Voluntary Tax Compliance Scheme (VTCS) which has been laid in the Parliament to get a broad-based political support ahead of its implementation to facilitate the traders and business community and promote a culture of tax compliance in the country.
The Scheme was announced in the presence of a large gathering including traders, businessmen and representatives of chambers & trade bodies assembled at the Prime Minister's Secretariat where Prime Minister Muhammad Nawaz Sharif was the chief guest. Finance Minister Senator Muhammad Ishaq Dar, Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan, Chairman FBR Nisar Muhammad Khan, Chairmen of three committees set up by government to resolve the traders taxation issues and Members of FBR Board were also present.
Prime Minister Muhammad Nawaz Sharif and Finance Minister Senator Muhammad Ishaq Dar congratulated parliamentarians, FBR team and  leadership of traders for holding marathon sessions over last 5-1/2 months and coming up with recommendations that formed the core of VTCS. They believed the scheme would act as a catalyst in promoting a culture of tax compliance, broadening the tax net and encouraging the traders and business community to declare their income and pay their taxes free of any duress and pressure from any side.
Earlier, Chairman FBR Nisar Muhammad Khan presented salient features of the Voluntary Tax Compliance Scheme.  The scheme is applicable to both non-filers and filers. The Chairman said the scheme had been prepared after many detailed discussions and deliberations spread over multiple rounds with representatives of chambers and trade bodies across the country.
Special Assistant to Prime Minister on Revenue Senator Haroon Akhtar Khan described the VTCS as a historic achievement given the distance both government and traders had to cover to make it a success by arriving at a point of consensus on issues facing the business community. He paid glowing tributes to the political wisdom and sagacity of Prime Minister Muhammad Nawaz Sharif and Finance Minister Senator Muhammad Ishaq Dar whose policies had brought about an economic turnaround and played their part in winning the confidence and trust of business community

Hamid Raza Khan
Secretary (PR) FATE Wing

Nov 24, 2015 FBR aiming at 1.8 million filers, visiting NDU officers told

Federal Board of Revenue (FBR) is close to achieving target of 1 million filers of tax returns while efforts are afoot to take the figure to 1.8 million within a year.
This was stated by Member Inland Revenue Policy Mr. Rehmatullah Wazir while briefing officers of National Defence University (NDU) during a visit to FBR. Member Customs, FBR Mr. Nasir Masroor Ahmed also spoke on the occasion and gave the visiting officers an overview of the roles and responsibilities of Pakistan Customs Service in enhanced revenue mobilization, trade facilitation and effective border management.

Member Inland Revenue Policy Mr. Rehmatullah Wazir said FBR has written to all secretaries in the federal government, provincial governments and heads of semi-government and autonomous bodies as well as to those in the private sector, to ensure that their employees file their annual income tax returns this year. "We believe that this measure can help us get around 800,000 new filers," he said.
FBR is striving to create distinction between filers and non-filers by raising the cost of doing business for non-filers. The imposition of bank withholding tax was a step in this direction. Similarly, over Rs 240 billion worth of subsidies and tax exemptions have been done away with by the present government in order to expand the tax base, to mobilize greater revenues and bring about uniformity in the tax environment.
Mr. Rehmatullah Wazir said FBR was exploring new perspectives such as creation and maintenance of central data bank, simplification of tax procedures, increased reliance on direct taxes within the tax-mix, minimum tax exemptions and withholding tax, robust audit and more transparency to promote a culture of tax compliance.
Member Customs, FBR Mr. Nasir Masroor Ahmed said the Customs was contributing significantly to overall tax revenue. Last year alone, nearly Rs 1 trillion in customs and sales tax was collected.
He said Pakistan Customs faces new challenges in the wake of IPRs enforcement, exponential rise in international trade, more sophisticated and demanding clients, heightened security concerns, proliferation of regional trade agreements and compliance to international conventions and these challenges were being met through end-to-end electronic solutions, efficient and effective implementation of trade agreements, withdrawal of exemptions and curbing border smuggling.
Later, an interactive Q&A session followed during which visiting officers asked FBR management keen questions on dynamics of fiscal policy and taxation. Commemorative shields were exchanged on the occasion.

Hamid Raza Khan
Secretary (PR-FATE)