ISLAMABAD (March 10, 2010): The Federal Board of Revenue (FBR) has unearthed massive leakage of revenue at the import stage, including wrong application of withholding tax, inadmissible allowance of withholding tax exemption, application of invalid notifications and applicability of customs duty at reduced rates.

KARACHI (March 10, 2010): The Federal Board of Revenue has directed Regional Tax Offices (RTOs) to launch compulsory sales tax registration campaign against cable operators. Sources in RTO, Karachi told Business Recorder on Tuesday that the tax department had earlier issued notices to the cable operators for sales tax registration but to no avail.

ISLAMABAD (March 10, 2010): Regional Tax Office (RTO), Karachi has raised a demand of Rs 7 to 8 billion against certain private television channels (Aaj News not included) for non-payment of sales tax on advertisements for the period 2006-2009. A senior FBR official told Business Recorder on Tuesday that many private television channels have not deposited the deducted sales tax on advertisements during the period under review.

ISLAMABAD (March 10, 2010): The members of Parliamentary Committee on Constitutional Reforms have agreed to transfer duties in respect of succession to property, estate duty in respect of property and taxes on the capital value of the assets, not including taxes on capital gains on immovable property to the provinces.

ISLAMABAD (March 10, 2010): Local match manufacturers have approached the Federal Board of Revenue and the Ministry of Commerce to check large-scale smuggling of poplar's wood to Afghanistan in violation of the Export Policy Order. Sources told Business Recorder on Tuesday that the wood falling under description of banned HS Codes 44.01 and 44.03 of Pakistan Customs Tariff (PCT) has been smuggled under the garb of HS Code 44.18.

ISLAMABAD (March 10, 2010): The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to incorporate a unique case of delayed payment of refund to Ghazi-Barotha Contractors (GBC) as a case study in the training module of customs institutions.

ISLAMABAD (March 10, 2010): The Federal Board of Revenue (FBR) has transferred and posted Tausif Ahmad Qureshi, (Customs & Excise Group/ BS-19), Additional Director , Directorate of Internal Audit (Cus.ST&FE), Lahore, as Additional Director Directorate of Intelligence & Investigation, FBR, Quetta, with immediate effect. According to a notification issued here on Tuesday.

KARACHI (March 09, 2010): The proposed Value Added Tax (VAT) would be imposed on all sectors including vale-added agriculture sector, Member Direct Tax Policy of Federal Board of Revenue (FBR), Asrar Raouf, informed business community here on Monday.

ISLAMABAD (March 09, 2010): The Federal Board of Revenue (FBR) has proposed to the government to impose 5 percent regulatory duty (RD) on import of 'pigment thickener' to protect local manufacturers, official sources told Business Recorder.

ISLAMABAD (March 09, 2010): The Federal Board of Revenue (FBR) has transferred and posted three tax officials (BS-18/20) with immediate effect.