Islamabad, January 26, 2022 (PPI-OT): FBR has taken a very strong exception to the Editorial captioned “Regressive Taxation” published in Daily Dawn on 23rd January, 2022, which is contrary to facts and far from truth.

Clarifying its position and legal stance, FBR has stated that services provided by foreign exchange dealers in provinces are not chargeable to Federal Excise under Federal Excise Act, 2005. Explaining the matter with regard to withholding tax on foreign exchange remitted out of Pakistan, FBR has clarified that notices have been issued only to those foreign exchange companies wherein neither the proof of payment of tax was available nor the withholding agents had got any exemption certificate issued under the relevant provisions of law, by the concerned Commissioner. FBR has taken a position that these notices are within the framework of law and the same will be enforced.

Furthermore, FBR strongly believes in a transparent and reliable tax system which maximizes revenue potential, minimizes revenue leakages through the use of technology and, thus, ensures ease of doing business. To realize this vision, FBR has taken a number of innovative measures based on digital interventions in the recent past which have translated into sizeable growth in revenues. Therefore, the impression portrayed in the above captioned Editorial is not only out of the context but also against the ongoing drive for tax compliance by FBR.

For more information, contact:
Second Secretary (Public Relations)
Federal Board of Revenue (FBR)
FATE Wing, Federal Board of Revenue,
Constitution Avenue, Sector G-5,
Islamabad, Pakistan
Phone: +92-51-9217267
Fax: +92-51-9208456
Email: mujeeb.talpur@fbr.gov.pk, talpur35@gmail.com
Website: https://www.fbr.gov.pk/