KARACHI: Bankers have been directed to sit late on the last two days of year 2022 in order to facilitate taxpayers in payment of duty and taxes.
In this regard, the State Bank of Pakistan (SBP) issued a notification directing the banks that in order to facilitate the collection of government receipts / duties / taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of National Bank of Pakistan (NBP) will observe extended banking hours.
READ MORE: Karachi Chamber demands deferring date for payment under Section 7E
The extended banking hours will be till 8:00 PM and 10:00 PM on 30th and 31st December, 2022 respectively.
Accordingly, NIFT has been advised to arrange a special clearing at 8:00 PM on December 31, 2022 (Saturday) for same day clearing of payment instruments.
READ MORE: FBR issues SRO to impose 5pc regulatory duty on yarn amid protest
All banks are, also directed to keep their concerned branches open on December 31, 2022 (Saturday) till such time that is necessary to facilitate the special clearing for Government transactions by the NIFT.
In this connection the Federal Board of Revenue (FBR) has also announced that the tax offices will remain open on December 30 – 31, 2022 for collection of duty and taxes.
READ MORE: Dar directs FBR to achieve true tax potential
In a circular issued by the FBR, stated that all Large Taxpayer Offices (LTOs), Medium Tax Office (MTO), Corporate Tax Offices (CTOs) and Regional Tax Offices (RTOs) would remain open and observe extended working hours till 8:00 PM on Friday December 30, 2022 and Till 10:00 PM on Saturday December 31, 2022, to facilitate the taxpayers in payment of duties and taxes.
READ MORE: Tax offices to observe extended working hours on Dec 30-31 for collection
The revenue board directed the Chief Commissioners of Inland Revenue (IR) to establish liaison with State Bank of Pakistan (SBP) and authorized branches of National Bank of Pakistan (NBP) to ensure transfer of tax collected by these branches to the respective branches of State Bank of Pakistan on the same date to account for the same towards collection for the month of December, 2022.
In this regard, Chief Commissioners IR may instruct only those officers/officials who are involved in taxpayers’ facilitation return filing, collection and recovery of tax to observe extended working hours.
