September 29, 2020

FBR To Monitor Tax Collection On Import Stage

The FBR has directed the concerned authorities to monitor tax collection at the import stage. The government, in the 2019-2020 budget had directed the authorities for labeling the prices of imports at the time of entry from the ports, for the purpose of sales tax collection.

The FBR directed the authorities to monitor sales tax collection and prices of imports, because the price list has not been incorporated in the WeBoc (web-based one customs) system until yet.

FBR, for this purpose, has formed three teams for monitoring the prices on imports and monitoring tax collections. The teams are posted in Karachi port, Port Qasim airport and Lahore dry port.

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