FBR to set up tax office in Malakand

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday said it would establish its office in Malakand division for timely implementation of law in letter and spirit.

In this regard, the FBR has directed the Regional Tax Office Peshawar to set up a tax office in Malakand division for prompt release of consignments, processing of consumption and exemption certificates.

Besides, the FBR has already established Inland Revenue Enforcement Network check-posts and functionalised to ensure that due tax is paid at the rate of 16 per cent on goods supplied into taxable territories.

In the budget 2021-22, the government has introduced that sales tax will be charged on all goods supplied from tax exempt areas of erstwhile Fata/Pata to the taxable areas.

A Fata/Pata domiciled person having status of active taxpayer will continue to import raw materials for consumption at his own manufacturing site against deposit of post-dated cheques in line with its determined installed production capacity.

The Fata/Pata domiciled industrial units will require installed capacity determination certificate (ICDC) from the Khyber Pakht­unkhwa Department of Industries or the Ministry of Industries.

The commissioner concerned will accept the ICDC presented until he has reasons to believe that the actual capacity installed is less than the capacity determined and certified.