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Taxation: Pakistan

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The Federal Board of Revenue (FBR) has begun sales tax audit of all National Tax Numbers (NTNs) being withholding agents to confirm/verify withholdings and deposit one percent sales tax of the value of taxable goods purchased by them from relevant suppliers.

The Federal Board of Revenue has disallowed 50 percent input tax adjustment against the taxable supplies of sugar mills under an old SRO(I)/2009 of August 23, 2009 which had exempted 50 percent of sales tax on supply of sugar, requiring the registered units to apportion the input tax accordingly.
Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle here on Wednesday referred a case of corruption to the Chairman National Accountability Bureau (NAB) for initiating criminal investigation into the case involving tax officials of Regional Tax Office Multan, seeking bribes from the taxpayers by raising illegal tax demands.
The Federal Board of Revenue (FBR) has upgraded 19 private secretaries serving in BS-18 to BS-19 as senior private secretaries, including Mehtab Rasheed Rana with experience of over 33 years in service. The FBR has issued a notification in this connection on Wednesday.
The Federal Board of Revenue finalised the customs budgetary proposals here on Wednesday including tariff rationalisation and decided to reduce the number of general customs tariff slabs from existing nine to six by reducing higher slabs of customs duty in the upcoming budget (2012-13).
The Sindh government high ups did not took seriously the proposal of Sindh Revenue Board (SRB) for setting up trade terminals at Khokhrapar. In November 2011, the SRB had proposed the provincial government to set up trade terminals at Khokhrapar to boost up economy by starting trade through Khokhrapar-Munabao border with India.
The World Bank has proposed to the Federal Board of Revenue to rationalise the number of staff and employees to improve efficiency of the tax administration under reforms. Sources told Business Recorder here on Friday that the WB mission has submitted a report to the FBR on the ''lessons learned from the Tax Administration Reform Project of the FBR''.

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