GOVERNMENT OF PAKISTAN

(REVENUE DIVISION)

FEDERAL BOARD OF REVENUE

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PRESS RELEASE

 

 

FBR issues SRO 774(I)/2012: further eases conditions for waiver of default surcharge and penalties on account of illegally adjusted input  sales tax

 

                                                                                               

                                                                                                Islamabad the 27th June, 2012

 


Federal Board of Revenue has taken yet another step to further facilitate tax payers. Today, SRO 774(I)/2012 dated 27.06.2012 is issued which supersedes the earlier SRO 606(I)/2012 dated 01.06.2012 which exempted the default surcharge and penalties on outstanding Sales Tax on account of illegally adjusted input tax. The condition for this earlier exemption was that the full principal amount (illegally adjusted) is paid by 30th June, 2012. The new SRO 774 further eases requirements for compliance.

 

According to the new SRO 774, default surcharge and penalties payable on outstanding illegally adjusted input tax shall be exempt if the tax payer pays twenty-five percent of the principal amount of illegally adjusted Sales tax by 30th June, 2012. The remaining seventy-five percent of the principal amount is to be paid in five equal monthly installments by 31st December, 2012 with the first installment payable on 31st August, 2012.

 

The condition of withdrawal of cases, complaints or proceedings filed by the tax payer before courts of law, FTO or any other authority has also been extended to 31st December, 2012. According to the new SRO the benefit so provided shall cease to exist ab initio in case of failure of payment in the government exchequer as per the conditions laid down in the SRO. The SRO is also available at FBR website www.fbr.gov.pk.

 

 

 

                                                                                                   (Riffat Shaheen Qazi)

                                                                           Official Spokesperson, FBR

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Sweeping Terrorism Raids in Germany


A major German security operation targeted "dangerous" Islamist extremists in dawn raids by 850 police officers on 70 mosques, schools and homes across Germany.
Hans-Peter Friedrich,Germany's interior minister, banned one Salafist network, Millatu Ibrahim, for "working against our constitutional order and against understanding between peoples."
He also announced an investigation into two other networks, Dawa FFM and "The True Religion," with a view to a seeking additional bans.
"We are ready to defend freedom and fundamental rights in this country and I hope this is understood by those who are of a different opinion," he said.
The Daily Telegraph understands that the raids followed a discussion of the risk posed by a pan-European network of Salafist Islamists at an EU meeting of interior ministers, including Theresa May, the Home Secretary, last week.
Last month, the G6 group of interior ministers from the EU's biggest countries met in Munich to discuss "suspicious patterns of movement.
Secret intelligence gathered by police and anti-terrorism officers across Europe gave "cause for concern" in Germany, Britain, France, the Netherlands and Austria, said an official.
According to leaked documents, the German interior ministry decided to launch the raids and to ban Millatu Ibrahim, based in the western town of Solingen, after an explosive vest was found during a search of premises in Berlin last month.
"The vest is a further sign of the organisation's underlying aggression," the document said.
At the beginning of May, German authorities opened investigations into 44 members of the Islamic Salafist sects and 37 others after violent clashes with police in Solingen.
A 23-year-old man from Birmingham was also arrested in the raid under a European Arrest Warrant in an unrelated matter.
He is wanted for failing to appear in court on fraud charges and is now awaiting transfer back to the UK, a spokesman for West Midlands Police said.
The ultraconservative Salafists, with origins in Saudi Arabia, want to establish Sharia law in Europe and came to the attention of the authorities with a drive to convert non-Muslims by handing out 25 million copies of the Koran in Germany, Austria and Switzerland.
Previous police investigations have found audio and video messages in which the Salafists proclaimed war against democracy and threatened "unbelievers."


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Embassy of Pakistan, Ankara

(Information Section)

 

Press Release

 

ANKARA, 27 June 2012: In a telephonic call last night to President Abdullah Gul, President of Pakistan Mr. Asif Ali Zardari expressed his support and solidarity in the wake of shooting down of a Turkish Air Force reconnaissance aircraft by Syria.

 

President of Pakistan conveyed similar sentiments to Mr. Burhan Kayaturk, President of Pakistan-Turkish Friendship Group in the Turkish Parliament and other parliamentarians and senior representatives of the Turkish Government who received him at the Ankara Airport during his brief stopover this morning.

 

ENDS


--
Abdul Akbar
Press Attache
Embassy of Pakistan
37 Iran Cadessi.GOP, Ankara, Turkey
Tel: +90 (312) 4270243, Fax: 4670337
Facebook: www.facebook.com/PakTurkey
Twitter: @PakTurkey, Blog: http://PakTurkey.blogspot.com

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Press Release

                                                                       

Islamabad, June 27, 2012

 

Mr. Saeed ul Hassan Mankdokhel has taken over the charge of Minister of State (Mos) for Privatisation Commission today.

 

The State Minister was briefed regarding the privatisation process and privatisation policy of the government of Pakistan.

                                        

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