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Karachi, Sat April 14, 2018

ISLAMABAD

M ARSHAD

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he Federal Board of Revenue (FBR) is going to contest its demands for the allocation of sufLicient amount of funds for the public sector development program (PSDP) in the federal budget for the Liscal year 2018-10 in the Annul Plan Coordination

Committee (APCC) scheduled to be held on Monday. APCC will approve indicative budget ceilings submitted by ministries and divisions for current and development spending for the next Liscal year.

The APCC is usually jointly chaired by minister for planning, development and reform and finance minister. FBR Chairman Tariq Pasha or Member Administration Tasneem Rehman is likely to contest the FBR’s case in the APCC. Last year, the APCC completed drafting a development pro-

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gramme worth Rs 2.158 trillion for the upcoming year and it represented an increase of 29 percent over the current year’s Rs 1.675 trillion outlay. A source at FBR told Customs Today that FBR had demanded allocation of Rs15451 million as PSDP for total 52 development projects; eight ongoing and 44 new projects. Out of 44 new projects 25 projects have already been approved and ten are closely related to China Pakistan Economic Corridor (CPEC). In response to FBR’s demand, the Finance Division had offered to allocate Rs800 million for the PSDP for the coming fiscal year. Last year, FBR was granted Rs790 million for PSDP.

FBR to contest allocation of Rs 1700m as PSDP for FY2018-19 in APCC

Customs Export retrieves Rs10.45m from two defaulter companies

Taxpayers from salaried classes excluded from FBR’s audit list

Customs Appraisement West generates Rs4248.98m revenue

NAB denies closing 21 corruption cases during Justice Javed’s tenure

FBR is going to contest its demands for the allocation of sufficient amount | See pAge 01 |

Customs Export has said that we are investigating two defaulter companies | See pAge 02 |

FBRhasannouncedthatthetaxpayersfrom salaried classes, including govt officials | See pAge 05 |

Customs Appraisement West, has collected Rs4248.98million | See pAge 08 |

NABdeniedamediareportallegingthatthe bureauhasclosed21megacorruptioncases | See pAge 08 |

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Governor SBP’s case adjourned till today Saturday, April 14, 2018

National

ISLAMABAD: The Islamabad High Court (IHC) adjourned hearing of a case till Friday regarding the appointment of Governor State Bank of Pakistan (SBP) Tariq Bajwa. Justice Miangul Hassan Aurengzeb heard the case filed by 22 senators including Senator Taj Haider against the appointment of SBP Governor.

During the course of proceeding, the court directed the counsel for the petitioner Latif Khosa to give legal arguments on next date of hearing and adjourned the case today.

customs export retrieves Rs10.45m from two defaulter companies

KARACHI

KARACHI

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he National Accountability Bureau (NAB) Court called evidence against suspects namely Luqman Javed and Abdul Hameed Agar, who were booked in a case of illegal sales tax refunds and caused loss to the national exchequer in the tune of Rs120 million. During the hearing, investigation officer sought further time to submit final charge sheet against the above mentioned suspects and evidence, therefore, court allows the time and adjourned the matter. Earlier, investigation officer appeared before the court and submitted interim challan, he informed the court that on a credible information above mentioned suspects have been arrested by the officials of the NAB, who were sent them to Central Jail Karachi on judicial remand, however, investigation has not been completed yet, therefore, court may give some time to file final charge sheet against the said accused persons, after the hearing, court granted time and directed him to complete the investigation and file final challan within reasonable period. It needs to be mentioned here that suspects were arrested from different areas of Karachi.

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Collector Customs Export Saqif Saeed has said that we are investigating two defaulter companies namely Fari Associates and Muneeb Auto Parts again. The collector said these companies exported some consignments seven months ago. Before sending notices to them, the collector export will check documents and send them show cause notices.

On the other hand, Customs Export has served show cause notices on two defaulter companies and recovered evaded amount of taxes and duties of Rs10.45million.

Sources told Customs Today that, during a scrutiny of the import data, it was revealed that M/s Naveed Pana Makers availed undue beneLits and concessions after importing different consignments of various tool sets by misusing the SRO 560 through Examiner Saleem Aiwan on December 5, 2017. Sources said that the company was allegedly involved in the tax evasion of Rs6million.

After detecting the tax evasion, the Customs Export served on it a final notice on March 22, 2018 to deposit the evaded amount within 14 days. After receiving the notice, the management of M/s Naveed Pana Makers deposited the evaded amount into the official account of the Customs Export

nAB court seeks evidence in tax refunds scam

on 9th of April, 2018. On the other hand, the management of the M/s Uzair Studio also cleared Rs4.45million of taxes and duties.

Sources told CT that the M/s Uzair Studio also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws. The Customs Export authorities served on it a final notice on March 24, 2018. After receiving the notice, the management of the M/s Uzair Studio deposited the evaded amount of

taxes into the official account.

Meanwhile, The Customs Export has recovered the evaded amount of taxes and duties from defaulter companies which were earlier issued with notices to pay the arrears. Sources told Customs Today that, during a scrutiny of the import data, it was revealed that M/s Shabbir Mobiles Karachi availed undue benefits and concessions by importing different consignments of mobile phones and its accessories by misusing

the SRO 560 through Examiner Zia-ur-Reham Zia on November 14, 2017. Sources said that the company was allegedly involved in the tax evasion of Rs5.12million.

After detecting the tax evasion, the Customs Export served on it a final notice on March 19, 2018 to deposit the evaded amount within 14 days. The management of M/s Shabbir Mobiles Karachi deposited the evaded amount in the official account of the Customs Export on 6th of April 2018.

SMeDA inks agreement with Sindh Agriculture Department

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LAHORE

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he Small and Medium Enterprises Development Authority (SMEDA) has entered into an agreement with Agriculture Department of the government of Sindh for development of entrepreneurship in the Agriculture Sector.

The agreement was signed by Shakeel Sheikh, Additional Secretary, Secretary Agriculture Sindh

and Javed Khattak, General Manager Outreach, SMEDA in presence of Sher Ayub Khan, Chief Executive OfLicer of SMEDA and Sajid Jamal Abro, Secretary Agriculture, Government of Sindh. The agreement has set working lines both for SMEDA and the government of Sindh to run the project “Agri Preneurhsip”, which is targeted to train 500 Agri Graduates for gaining Business Skills, Soft skill and Agri Modules. The Project will facilitate the beneLiciaries through hand holding and mentoring serv-

ices by the Legal & Business Development Experts. The exposure visits and networking support would also be provided to the participants to start their own agri businesses in Sindh. Initially, the project would be executed in Live districts and in the next phase, it would be extended to all districts of Sindh. The agreement also includes a segment for Dairy Preneurship and TechPreneurship projects to be run in collaboration with the concerned departments of the Sindh Government.

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ISLAMABAD

M fAiZAn

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he Federal Board of Revenue (FBR) has announced that the taxpayers from salaried classes, including government ofLicials and private sector employees, have been excluded from the FBR’s audit list. Chairing the ceremony for Computerized Balloting for Audit, Advisor to PM Haroon Akhtar Khan said that tax amnesty scheme is in the interest of Pakistan and it has not been designed for any particular sector or speciLic persons. He added that the government had successfully fulLilled all the promises it made with the business community during the last Live years. “The business community asked us for amnesty, we gave them; they asked us for lowering the tax rates, we did that; in some cases, we gave them even more relief than what they asked and the entire purpose of facilitating the business community was to foster business activities, promote growth and generate more revenues in the process,” he said.

He said the government had bridged the gap between the business community and the tax collectors and it was expression of the trust and conLidence that the government reposed in the taxpayers and the general public. “The taxpayers have surely responded to that by helping FBR achieve several milestones on the

Saturday, April 14, 2018

revenue growth front but the onus now lies on the non-Lilers to come forward and pay their due share of taxes by beneLiting from the incentives and facilitation FBR has offered them,” he said.

Earlier, parametric computer ballot as per Audit Policy 2017 was held for selection of cases for audit for Tax Year 2016 and tax period from 1st July, 2015 to 30th June, 2016, in respect of income tax, sales tax & FED. Haroon Akhtar Khan and representatives of Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Institute of Chartered Accountant of Pakistan (ICAP), Pakistan Tax Bars Association (PTBA), Islamabad Women Chamber of Commerce and Industry, Islamabad Chamber of Commerce and Industry, Rawalpindi Chamber of Commerce and Industry and FBR ofLicers were also present on the occasion.

Highlighting the economic and tax policies of the government, Haroon Akhtar Khan underscored the importance of audit in a country like Pakistan where universal self-assessment scheme is prevalent. He elaborated that in order to facilitate the taxpayers, it was decided that the case of a tax payer once selected for audit under section 214C of Income Tax Ordinance 2001, section 72B of the Sales Tax Act 1990 and section 42B of the FED Act 2005 will not be selected for audit for next (consecutive) two tax years.

For such purpose, base year would be Tax Year 2015 for Income Tax & Tax Pe-

riods July 2014 to June 2015 for sales tax & federal excise duty (FED). He further added that all cases of income exclusively from salary and where the salary exceeds 50% of taxable income would are excluded from this parametric computer balloting.

However, the salary cases having business income were not excluded from this balloting. The minister assured that the tax audit would be conducted in a professional and transparent manner. The selection was based on risk parameters resultantly compliant taxpayers would not be selected. Later on, computer ballot was conducted in respect of six categories i.e. corporate cases of income tax, sales tax and FED & non-corporate case of income tax, sales tax and FED. Resultantly the cases were selected for audit for Tax Year 2016. The cases have been selected for audit in respect of six categories. According to details under Income Tax (Corporate) 1,499, Income Tax (Non-Corporate) 34,515, Sales Tax (Corporate) 1,274, Sales Tax (Non-Corporate) 7,532, Federal Excise Duty (Corporate) 28, federal excise duty(non-corporate) 20 has been selected. The total numbers of Audit cases are 44,868 National Tax Numbers/ CNIC of cases selected for audit would shortly be displayed on the official website of FBR. The Audit Policy 2017 for Tax Year 2016 has been placed on the official website of FBR.

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eDitoRiAL

Dream of economic recovery

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he government ministers are posing rosy picture of the economy, as many indicators are showing signs of recovery, but the country still has to go a long way to achieve macroeconomic stability. The world financial institutions had projected six percent growth in the gross domestic product, but at least 5.6 percent is expected to be achieved during the current fiscal year. The overall economy of Pakistan is not performing well and is continuing to face internal and external challenges. The chaos on the political horizon has adversely aected the pace of development in the various sectors of the economy. The PML-N government under Nawaz Sharif had claimed it will end energy shortage and incessant power supply will be ensured to the industry, but load shedding has again started haunting the industrial sector. Exports have picked up to some extent and it is now up to the government to sustain its policies. There is modest increase in inflation while growing fiscal and current account deficits are appearing as challenges in the coming months. The prime minister has launched tax amnesty scheme to bring the non-filers into the tax net. However, there is no change in standard operating procedure and this could foil all the attempts to regularize the tax system. The policymakers take the issue of structural reforms as certain steps to enhance the realm of indirect taxes.

Otherwise, it is diďŹƒcult to avoid taxes if bank accounts of every individual are classified and closely monitored. The overall performance of the government remained subdued as it has failed to achieve any of the targets. After assuming the oďŹƒce, the former prime minister had declared that the only motto of his government would be business, business and business. Despite himself as a businessman, Sharif could not make any progress in any sector of the economy and even failed to streamline the administrative affairs. When administration is weak and incapable, no policy can achieve the desired results. The mandate of this government is going to end in a few months, but it is imperative for the mainstream political parties to do some homework before elections. The country needs reforms not only in the administration and management sectors, but also in the departments and provinces.

new tax amnesty scheme P

LAHORE

DR AftAB AfZAL

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rime Minister Shahid Khaqan Abbasi has announced a new tax amnesty scheme for non-filers, giving them a last chance to come under the tax net. It is unfortunate that in a country of over 200 million people, only 1.2 million are registered taxpayers and even out of them, only 700,000 actually pay taxes. Will the latest move lure tax evaders to become filers is a million dollar question as it is not the tax money alone which keeps the potential taxpayers away from coming into the tax net, but the

system of tax collection which is marred by alleged corruption and mismanagement. Announcing the package of incentives for non-filers, the prime minister hoped the move will help collect revenues for the national exchequer. He has also declared that the national identity card number would be converted into national tax number to monitor tax compliance by all citizens across the country.

The prime minister has made a history by giving relief to the salaried classes as a complete tax exemption will be granted to the citizens having yearly income of up to Rs 1.2 million. However, maximum

percentage of 15 percent will be levied on the income above Rs 4.8 million per annum. The owners of the offshore companies are the main target of the amnesty scheme and now they have the chance to legalize their undeclared assets in the country or abroad after paying only nominal penalties. They would also be granted one-time exemption from the accountability laws.

The government would like to monitor financial records of the citizens to stop tax evasion and dispel a general impression that taxpaying is option and not an obligation.

However, the potential taxpayers will be forced to pay

taxes no matter they like it or not and tax evasion will not long be pretermitted. The announcement of the amnesty scheme is a right step in the right direction and it is the best opportunity for the owners of offshore companies to declare their assets and get legal cover. However, there is a need to develop a system to make the tax evasion impossible. This can be done by developing the system and not by giving unbridled powers to the official machinery. Until and unless the policymakers work on this subject and devise a system, the culture of tax evasion will continue to flourish.

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US soybean exports to China fell 25-percent Saturday April 14, 2018

World

AMMAN: Among the indoor collections the company unveiled are Bold & Blue, Global Glam, Modern Farmhouse and Luxury Lodge. The fabrications for the pillows include velvets, linens, chenilles, prints, embroideries and appliques.

The pillow line is extensive and diverse, with fabrics from suppliers based in the United States and Asia.

Jordan also imports from Asia and manufactures in the United States. It has manufacturing facilities in Monticello, Ind., Yuma, Ariz., Ho Chi Minh City, Vietnam, and mainland China.

Drink and tobacco smuggling uS-Mexico to launch drug smuggling crackdown ring busted by tax team sting WASHINGTON

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n operation to disrupt the sale and supply of illegal tobacco and alcohol in Croydon, Tooting, Sutton and Streatham uncovered more than 49,180 cigarettes, 2.15 kilos of hand-rolling tobacco and 731.3 litres of alcohol, all believed to be illicit.

A further 43.06 kilos of chewing tobacco, 10.98 kilos of oral snuff, and 85.5 kilos of shisha tobacco were also seized, as well as £2,600 in cash. Around 56 ofLicers from HM Revenue and Customs (HMRC), with support from Border Force, Trading Standards, Licensing Police and local authorities, visited 78 retail premises between March 2018.

Chris Gill, Assistant Director, Fraud Investigation Service, HMRC, said: “The sale of illegal tobacco and alcohol will not be tolerated by us or

Sri Lanka expects Rs60b extra revenue from new tax law ri Lanka’s government expects to raise Rs60 billion a year in additional tax revenue with the implementation of the new tax law, Finance Ministry Deputy Secretary SR Attygalle said. This year the government expects to get Rs30 billion more from taxes under the new Inland Revenue Act which came into effect April 2018. That’s because the additional revenue will effectively be generated only in the last two quarters of the year, Attygalle told a news conference. “A whole heap of tax exemptions have been removed – tax holidays are out, so we expect more revenue should come. When exemptions are removed, the tax base gets expanded. Attygalle also said that strengthening the tax administration was the key to widening the tax base and increasing revenue. –CB Report

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our partner agencies. Disrupting criminal trade is at the heart of our strategy to clampdown on the illicit tobacco market, which costs the UK around £2.5 billion a year, and the sale of illicit alcohol which costs the UK around £1.3 billion per year. This is theft from the taxpayer and undermines legitimate traders. “We encourage anyone with information about the illegal sale of tobacco or alcohol to report it online or call the

Fraud Hotline on 0800 788 887.”

Gillian Deane, Border Force Assistant Director at Gatwick Airport, said: “By working with other enforcement agencies, such as HMRC and Trading Standards, we will continue to tackle this illegal trade head on. “The black market cheats honest traders and it is effectively stealing from the public purse. People tempted by cheap tobacco and alcohol should think again.”

canada to target smuggling steel intended to dodge uS tariffs

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anada will act to prevent the smuggling of cheap steel and aluminum into the North American market to avoid new US tariffs on the metals, Prime Minister, Justin Trudeau said this Tuesday in a statement. Under new measures unveiled by Trudeau’s ofLice on Tuesday, the Canada Border Services Agency will gain new powers to stop companies that try to dodge duties. Trudeau said earlier

this month he was aware of concerns that countries facing the tariffs could try to ship supplies through Canada and pretend the metals had been produced in Canadian facilities. “We will not allow North American industries to be hurt or threatened by unfair trade practices, like the diversion of steel and aluminum Canada will not be used as a backdoor into other North American markets. –CB Report

he US and Mexican governments are sparring over immigration and trade, but the two countries are joining forces on the high seas like never before to go after drug smugglers.

US Coast Guard Adm. Paul F. Zukunft teased the idea during a recent defense conference in San Diego, saying the United States “can’t do it alone.” “It’s no secret we are besieged with the flow of drugs from Latin America to the United States,” he said. US and Mexican forces have routinely worked together at sea, but the latest effort “marks a significant step in terms of information sharing, collaboration and cooperation between the United States, Mexico and other partner nations,” according to the Coast Guard.

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The Americans and Mexicans will exchange intelligence more freely than in the past, which could mean sharing information on welltraveled routes for drug smugglers or preferred paths for specific smuggling organizations, Coast Guard spokeswoman Alana Miller said. They will also board the other country’s vessels to view operations and gain expertise, Miller said. In 2015, three members of the Mexican navy boarded a Coast Guard vessel during a port call in Huatulco, Mexico, but this operation calls for more frequent exchanges, and they will be at sea.

The US and Mexican military relationship has strengthened since the two nations signed the 2008 Merida Initiative to work together in the drug war. There have been more cross-border trainings, especially with the Mexican Navy, which is considered less corrupt than the Mexican Army and has raised its profile with the captures and killings of drug bosses.

Australian import industry squeezed member of the Australian Horticultural Exporters and Importers Association (AHEIA) told Asiafruit that wait times for onshore clearance are sitting at around 7 or 8 days, adding an extra week to their pre-order schedule. The program was offered to a handful of countries, which has dwindled over the years.

Currently availability is only for the USA and New Zealand on selected fruit and veg. The DAWR said that the removal of OPI does not impact on the number of inspectors available to the department. However, in Australia, inspectors are having to travel much longer distances between warehouses

to inspect and approve. Because of the delays, importers are also having to absorb the cost and losses from shortened shelf life and storage fees to hold sealed containers while they wait for a scheduled inspector. To curb the problem, the DAWR decided to implement a Compliance-Based Inspection (CBI) scheme last year, which was piloted during the New Zealand avocado season. The CBI scheme means that if a product reaches a certain number of approved inspections (for avocados it’s Live in a row), they will then move to a reduced inspection rate (again for avocados, inspections will reduce to one in four shipments). –CB Report

Malaysia’s growth momentum to continue year

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KUALA LUMPUR

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alaysia’s economic growth is expected to continue its strong momentum this year, projected to grow between 5.5 per cent and 6 per cent, Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim said.

He said private consumption growth is expected to remain sustained, supported by continued growth in employment and income, lower inLlation and improving sentiments. The Malaysian economy expanded at its fastest pace in 3 years in 2017, and this trend is expected to continue this year.

“Malaysia is projected to grow between 5.5 per cent and 6 per cent in

2018. Private investment growth will also be sustained, underpinned by ongoing and new capital spending in both manufacturing and services sectors, and strengthened by continued positive business sentiments,” Muhammad said at a press conference to release the central bank’s 2017 Annual Report. Apart from domestic demand, GDP growth will be supported by

favourable external demand conditions with both gross exports and imports forecasted to grow at above-average trends in 2018.

“Headline inLlation is projected to moderate in 2018, averaging between 2 and 3 per cent. The lower inLlation compared to 2017 is due mainly to an expected smaller contribution from global energy and commodity prices,” he said.

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FBR promotes two deputy commissioners FAISALABAD: Two Deputy Commissioner (BS-18) of Federal Board of Revenue Regional Tax Office have been promoted as additional commissioner Inland Revenue.

Regional Tax Office, Secretary (Mgt-iR-II) Aamar Javed issued a notification no: 0790-iR-11/2018 and promoted the officers. Sources told that those who were promoted included deputy commissioner Muhammad Asif Rafique (IRS/BS-18) and Bilal Ahmed Deputy Commissioner (IRS/BS-18).

Saturday, April 14, 2018

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peshawar customs arrests four accused car smugglers from khyber Agency KARACHI wAQAR AnSARi

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he Customs Collectorate, Appraisement West, has collected Rs4248.98million of Customs Duty, Sales Tax, Income Tax and Federal Exercise Duty during Lirst 10 days of April.

Sources told Customs Today that the Customs Appraisement West received Rs2847million as Customs Duty, Rs741.25million of Sales Tax, Rs648.87million as Income Tax and Rs12.58million under the head of Federal Excise Duty.

If we talk about Lirst 15 days of previous month of March, the Customs Collectorate, Appraisement West, has generated Rs6269.76million of Customs Duty, sales tax, income tax and federal exercise duty during Lirst 15 days of March including Rs3247million as customs duty, Rs1458million of sales tax, Rs1547million of income tax and Rs17.42million under the head of federal excise duty during 15 days of March. In the whole month of March, the Customs Collectorate, Appraisement West, has earned Rs26billion, R801million under the heads of customs duty, sales tax, income tax and federal exercise duty including

Rs13billion, Rs208million of custom duty, Rs9billion, Rss803million as sales tax, Rs3billion, Rs508mil-

lion under the head of income tax and Rs161million under the head of FED. Source said that the Collec-

tor, Appraisement West, is fully hopeful to achieve the target in the end of Liscal year as we achieved

our target in the end of June and we are fully conLident that we are going to achieve a high target.

nAB denies closing 21 corruption cases during Justice Javed’s tenure ISLAMABAD

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ational Accountability Bureau (NAB) has strongly denied a media report alleging that the bureau has closed 21 mega corruption cases during the tenure of Chairman Justice Javed Iqbal.

Only one corruption case has been closed during the tenure of Justice Javed Iqbal and media re-

ports appeared on April 10, are baseless and unfounded, a spokesman of NAB in said a statement. Clarifying the news item, the spokesman said 99 percent mega corruption cases had been closed before taking charge of Justice Javed Iqbal on October 11, 2017.

The Federal Investigation Agency (FIA) appointments cases against former Prime Minister Muhammad Nawaz Sharif are pending in NAB since last 18 years. A case had been registered against Nawaz Sharif in the year 1999, accusing the former him for making illegal appointments

in FIA. The appointments were cancelled by the successive government, said a press release. The

spokesman said it was transpired during inquiry of the case that the appointed persons in FIA were

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not only sacked but the Executive Board of NAB had closed the cases owing to insufficient evidence. The merit closure of the case was a significant indication of the fact that Justice Javed does not believe on taking revenge.

Chairman decides about the case by analysing available evidence and relevant law. Current Chairman vigorously pursuing the policy of ‘Accountability for All.’ NAB fulfills the requirements of law and justice is being done in the investigation, inquiry and complaint verification of each and every complaint.