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News Others April 4, 2014

July-March fiscal year 2014: FBR raises WHT demand of over Rs 32 billion

Date: April 04, 2014

The Federal Board of Revenue (FBR) has raised withholding tax demand of over Rs 32 billion
during July-March 2013-14, which would result in substantial recovery of billions of rupees
through effective monitoring and audit of withholding agents. Sources told Business Recorder
here on Thursday that the Directorate General of Withholding Taxes had made huge tax demand
of Rs 32 billion against the withholding agents during the period under review.

News Others March 29, 2014

FBR Verifying Exemption Certificates

Date: March 29, 2014

The Federal Board of Revenue is verifying authenticity of thousands of exemption certificates
used for clearance of imported consignments without payment of withholding tax during July 1,
2013 – January 2014. The FBR issued instructions to field formations here on Friday. The FBR
has launched verification of exemption certificates on national level based on discrepancies
detected in the certificates issued by RTO Faisalabad.