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Dec 06, 2016 FBR clarifies ‘erroneous’ news reports about court case

Federal Board of Revenue has clarified that the reports published in some English and Urdu daily newspapers about proceedings on 5th December 2016 in Hon’ble Supreme Court of Pakistan in a hearing in the case titled CIT Sukkur versus M/s Prudential Investment Bank Limited with reference to proposed disciplinary action against a senior officer are somewhat exaggerated and convey an erroneous impression. The aspersions cast on the Prime Minister’s office through the aforementioned reports for keeping the case file pending for five months are factually incorrect and misleading. The actual position is that a summary for approval of Hon’ble Prime Minister has been sent to Establishment Division and the Summary is still to be submitted to the Hon’ble Prime Minister for taking final decision in the matter.
 It is further clarified that contrary to the press reports the Additional Attorney General did not submit before the Hon’ble Supreme Court of Pakistan that the officer has been charge sheeted and the summary sent by FBR is pending in the Prime Minister’s office for appointing an inquiry officer. Neither the FBR nor the Additional Attorney General submitted that any summary in the matter is pending in the Prime Minister's office.
 Furthermore, it is stated that the media reports claiming that the Honourable Justice Amir Hani Muslim hinted at summoning the Secretary Establishment Division and Chairman, FBR for explanation over delay in initiation of disciplinary action against the officer are also misconceived.
  

Hamid Raza Khan
Secretary (PR-FATE)

Nov 16, 2016 No further extension in filing of Income Tax returns beyond 30th November 2016

Federal Minister for Finance, Revenues, Statistics and Economic Affairs, Senator Mohammad Ishaq Dar on Tuesday, November 15, 2016, extended the due date for filing of Income Tax Returns/Statements by Salaried persons, Individual, AOP, and Companies till 30th November, 2016. The Minister extended the date in view of the spirit of taxpayers' facilitation. 

FBR wants to inform the taxpayers that the portal for filing electronic returns is working smoothly as is obvious from the fact that by 15th November, 2016 467,778 returns have been filed electronically whereas the number of returns filed electronically by 15 November, 2015 was 341, 810. This represents an increase of 37% in the number of returns received electronically.

In view of the position explained above, FBR wants to inform the taxpayers and the tax advisers that no further extension beyond 30th  November 2016 will be granted in the date for filing of tax returns/statements and they may file their Income Tax Returns at the earliest to avoid the consequences of late/non-filing of returns which include charging of higher rates of withholding taxes, imposition of penalty and compulsory selection for audit under the relevant provisions of the Income Tax Ordinance. 

 
Hamid Raza Khan
Secretary (PR-FATE)

Oct 05, 2016 FBR nets 1.1 million taxpayers, visiting NMC participants told

Federal Board of Revenue (FBR) has been able to raise the number of filers of Income Tax returns to 1.1 million while measures are being taken to raise the cost of doing business for non-filers so that they are compelled to become part of the tax system.

This was stated by Member Inland Revenue Policy Mr. Rehmatullah Wazir while briefing participants of 105th National Management Course who visited FBR today along with rector and faculty of National School of Public Policy (NSPP) conducting the course. 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.
Earlier, the participants and the faculty led by NSPP Rector Mr. Muhammad Ismail Qureshi were welcomed by Member Administration FBR Mr. Majid Qureshi who in his welcome address briefly explained the role and responsibilities of FBR and thanked the NSPP for choosing FBR as a key government organization for inculcating strategic thinking among the course participants engaged in public policy formulation and decision-making at higher levels.  
In his presentation on the Inland Revenue Service, Member IR Policy Mr. Rehmatullah Wazir said FBR had adopted a broad range of measures and taken steps in recent months to broaden the tax base and increase the tax net. "We believe that there is a tax potential equal to Rs 5500-6000 billion and our efforts are directed to explore all possible possibilities for realizing this potential and generating much-needed resources for socio-economic spending," he said.
He said FBR had also taken a host of measures to create distinction between filers and non-filers by raising the cost of doing business for non-filers. Similarly, 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 were also being explored to promote a culture of tax compliance.
Member Customs, FBR Mr. Nasir Masroor Ahmed said the Customs was contributing significantly to overall tax revenue. He said Pakistan Customs was taking policy measures to deal with 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 participants 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 Wing

Sep 30, 2016 Extension of date for filing of Income Tax Returns/Statements for tax year 2016.

Minister for Finance, Revenues and Economic Affairs, Mohammad Ishaq Dar on Friday, September 30, 2016, extended the due date for filing of Income Tax Returns/Statements by Salaried persons, Individual, AOP, and Companies till 31st October, 2016.
The Minister extended the date in view of Eid-ul-Adha holidays falling in the month of September, 2016 and the fact that a number of taxpayers and their consultants were in Saudi Arabia for performance of Hajj. The taxpayers accordingly could not find ample time for filing their tax returns.

Therefore, in the spirit of taxpayers' facilitation, the due date of filing of tax returns/statements has been extended till 31st October, 2016.

Dr Muhammad Iqbal
Official Spokesperson FBR

Sep 07, 2016 Press Release

Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization has taken a strong exception to the statement of PTI, Chairman, Mr. Imran Khan wherein he has leveled serious allegations against the Chairman, FBR. The Minister for Finance and Revenue termed the allegations as totally false and fabricated. Chairman FBR is known for his integrity and commitment to honesty, the Minister said. It is unfortunate that without any evidence, the Chairman, PTI has attempted to tarnish the image of an officer of such an impeccable integrity. 

2. The Minister further stated that such baseless statements and allegations can only lead to demoralizing the employees of the FBR and affect efficiency of the organization. The Minister expressed full confidence in the leadership of the FBR and expressed the hope that before leveling such unfounded allegations, Chairman PTI will consider the adverse impact of such statements not only on the individual’s reputation but also on national institutions.

Hamid Raza Khan
Secretary (PR-FATE)

Sep 06, 2016 FBR clarifies adjustment of sales tax rates on petroleum products
It has been reported in various newspapers that the rate of sales tax on petroleum product, specially diesel and motor spirit (super petrol) has been increased with effect from 1st September, 2016. 
In this respect, it is clarified that since January, 2015, in view of falling petroleum prices in the international market, the government has been adjusting sales tax rates on petroleum products to rationalize the revenue stream as well as the consumer prices. This practice was also adopted in many countries to protect the tax revenues which were falling due to linkage with the prices. In Pakistan, however, public interest was given due priority and as a result Pakistan has the lowest petroleum prices in the region. 
If per litre impact of sales tax is considered, the present-day sales tax per litre is generally much lower as compared to the level in April 2013. The comparison is given below:

        Prices per litre (Rs./litre)

Month Motor Spirit (Super) HSD (Diesel) HOBC Kerosene Light Diesel Oil
April, 2013 14.86 15.78 19.18 14.28 13.55
September, 2016 10.71 19.00 12.86 2.06 4.64

 

 

Hamid Raza Khan
Secretary (PR)