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 Breaking News
Pakistan's President Asif Ali Zardari is seen during a meeting with his Turkish counterpart Abdullah Gul (not pictured) in Istanbul November 1, 2011.   REUTERS/Murad Sezer

Pakistan's President Asif Ali Zardari is seen during a meeting with his Turkish counterpart Abdullah Gul (not pictured) in Istanbul November 1, 2011. REUTERS/Murad Sezer

President Zardari rejects FBR demand for surety bonds before tax refunds

byCT Report
25/05/2026
in Breaking News, Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: President Asif Ali Zardari has dismissed a representation filed by the Federal Board of Revenue (FBR) against the Federal Tax Ombudsman (FTO), rejecting the tax authority’s demand that taxpayers provide surety bonds before receiving refunds arising from appellate orders.

According to a news report, the case stemmed from complaints filed by a foreign-based company against the Corporate Tax Office in Islamabad over failure to implement appellate orders for tax years 2007 and 2009.

You might also like

Rs3bn risk pool to expand export credit insurance access for SMEs: PM Shehbaz

05/09/2026

Pakistan again rejects high-priced LNG cargo

05/09/2026

The taxpayer’s refunds remained withheld for nearly a decade despite appellate relief being granted in its favour.

The FTO had directed the concerned commissioner to implement the appellate decisions and process the pending refund applications.

FBR challenged the ruling before the President’s Secretariat, arguing that references pending before the Islamabad High Court automatically suspended implementation of the appellate orders.

The tax authority also argued that the taxpayer should be required to furnish a surety bond before release of the refund, citing an earlier presidential precedent.

However, the President rejected both arguments.

On the issue of surety bonds, the Presidency noted that although such a condition had been imposed in one earlier case, it had not been applied in numerous similar cases decided over the past two years.

The Secretariat said FBR’s reliance on that precedent was inconsistent and lacked merit.

Regarding the pending High Court references, the Presidency upheld the FTO’s position that no stay order or restraining order had been issued against the appellate decisions.

It further clarified that no provision under the Income Tax Ordinance, 2001, automatically suspends implementation of an appellate order merely because a reference has been filed before a higher court.

The Secretariat ruled that FBR’s failure to implement the appellate orders within the two-month statutory period under Section 124(4) constituted delay, neglect and inefficiency amounting to maladministration.

Related Stories

Rs3bn risk pool to expand export credit insurance access for SMEs: PM Shehbaz

byCT Report
05/09/2026

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday said that a Rs3 billion risk pool, specifically for small and medium-sized enterprises...

Pakistan again rejects high-priced LNG cargo

byCT Report
05/09/2026

ISLAMABAD: Pakistan has once again rejected a spot LNG bid from BP Singapore as rising international LNG prices, freight costs,...

PPPs, privatization critical to Pakistan’s future economic growth: Muhammad Ali

byCT Report
05/09/2026

ISLAMABAD: Adviser to the Prime Minister on Privatization and Chairman, Privatization Commission Muhammad Ali has said that the public-private partnerships...

Greece seeks stronger trade ties with Pakistan, highlights demand for skilled workers

byCT Report
05/09/2026

LAHORE: Greek Ambassador Eleni Pouriki has highlighted growing opportunities for Pakistani skilled workers in Greece as the two countries look...

Next Post

Govt considers ending import tax on life-saving medicines

  • 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
  • About Us

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