The new launched automated system, named Web Based One Customs (WEBOC) by FBR at Port Qasim has been met with failure. This automated system was launched so that the port consignments could be cleared automatically but even after 2 weeks around 450 applications are still pending. WEBOC was also launched last year at Pakistan Customs but had [...]
Federal board of revenue is an autonomous body that collects taxes from various organizations and sectors of country. It is the duty of FBR to monitor the accurate tax collection and if some organization is showing delay or the total tax revenues are less than expected; then it is the duty of FBR to take certain initiatives against it.
Ministry of Finance and Federal Board of Revenue (FBR) are busy in allocating budgets for different sectors including defense, health and education. The Federal Board of Revenue is also allocating budget to bring reform in taxation system. The President of PaCCS User Club (PUC) Rizwan Khadim Rathore along with club members urged FBR to allocate budget for the purchase of Pakistan Automated Customs Computerized System (PaCCS) to finalize the deal as soon as possible. It is worth mentioning here that FBR all set to hire officials of high competency and good character to run PaCCS.
The Federal Board of Revenue (FBR) has started consulting stake holders in preparation of new budget. The Ministry of Finance has plans to present this fiscal year’s Federal Budget 2011-12 in the parliament on May 28.
The FBR spokesperson Riffat Shaheen Qazi (Ms) has informed that FBR likely to own Pakistan Automated Customs Computerized System (PaCCS). The negotiations between both the parties are in process for this purpose. But she was unaware about the technical experts invited by FBR to determine the value of system. Agility has also shown an intention to sell this automated software to FBR for a decided amount.
The Federal Board of Revenue (FBR) has again ruined the commitment with Agility that FBR will purchase PaCCS system to continue it. The other day, FBR has written a letter to Agility that PaCCS was launched as a pilot project in the country so FBR has no liability to own this system right-away.
The Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), and the commercial banks have successfully tested the ‘Electronic Payment and Refund System’ (EPARS), enabling the taxpayers to directly deposit tax payments from their bank accounts into the government treasury.
The World Bank (WB) has submitted a detailed report on PaCCS to the FBR on the working of the customs clearance systems in Pakistan and mention that FBR has no contingency plan to terminate PaCCS (Pakistan Customs Clearance System). The three different customs systems create several problems into the system: PaCCS at the Karachi container ports, ‘One Customs’ at all other customs freight locations including the Karachi container ports, and WeBOC, which is completing its development and is to be piloted at the Karachi Airport during this calendar year.
The government will suffer massive revenue loss in case the sales tax rate for telecommunication sector would be brought down from 19.5 percent to 16-17 percent under the reformed general sales tax (RGST). It is reliability learn here on Monday that the telecom sector is subjected to 10 percent withholding tax as well as 19.5 percent sales tax.