Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Islamabad

Below-target revenue collection a matter of concern for FBR

byFaiza Israr
August 15, 2013
in Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: The first quarter’s below-target performance in revenue collection has become a matter of great concern for FBR. In an amendment to jurisdiction of Commissioners, FBR included broadening-the-tax-base responsibility and empowered them to take strict measures in this regard.

The revenue authority issued amended jurisdiction order to all the Regional Tax Offices (RTOs), under which Commissioners Inland of RTOs have jurisdiction over all persons falling within the limits of their respective areas, who are potential taxpayers liable to furnish their returns of income and have been identified on the basis of information collected for broadening of tax base.

You might also like

Services’ exports up by 17.71pc in 11 months of FY22

July 6, 2022

Pakistan, Iran operationalise barter trade

July 6, 2022

FBR in order to curb tax evasion and enhance tax base has accorded unlimited jurisdiction to Commissioners Inland Revenue. These additional powers include raiding and searching private premises and initiate penal and prosecution proceedings for non-compliance. The powers and authorities delegated upon the Commissioners include enforcement of income tax returns; passing orders pertaining to assessment/reassessment of income tax returns and levying additional tax for non-payment of tax.

The Commissioners are authorised to exercise Section 175 of Income Tax Ordinance besides the officers are empowered to select and conduct audit and recover the tax evaded or avoided. Besides, the Commissioners can issue notices to obtain information or evidence under Section 176 of Income Tax Ordinance.

Related Stories

Services’ exports up by 17.71pc in 11 months of FY22

byCT Report
July 6, 2022

ISLAMABAD: The exports of services from the country witnessed an increase of 17.71 percent during the first eleven months of...

Pakistan, Iran operationalise barter trade

byCT Report
July 6, 2022

ISLAMABAD: Pakistan and Iran operationalised the trade mechanism across their shared border. In this regard, while addressing a press conference,...

ADC Faisal Bukhari distributes work among assistant, deputy collectors

byCT Report
July 6, 2022

KARACHI: Collectorate of Customs Appraisement West Additional Collector Syed Faisal Saeed Bukhari has issued office order for distribution of work...

SBP may raise rates by 125 bps to tame 13-year high inflation

byCT Report
July 6, 2022

KARACHI: Pakistan's central bank looks set to raise its key policy rate by 125 basis points at its review on...

Next Post

Customs XI win friendly hockey match against Int’l XI on Independence Day

  • Contact us
  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • Contact us
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.