Daily Times

Federal Board of Revenue Chairman Shabbar Zaidi on Monday said the government was seriously considering steps to check smuggling, under-invoicing and abuse of Afghan transit trade agreement. Addressing a ceremony in Faisalabad, he said these steps were important to help the local industry stand on its feet. He said, “We have to go towards industrialisation to generate job opportunities for the people.” The FBR chairman clarified that no new tax had been imposed in the new federal budget. He said sales tax registration had been automated. Shabbar Zaidi said that tax returns for the year 2018-19 can be filed by 2nd of next month. He said the government’s assets declaration scheme received an encouraging response from across the country.