ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday directed the offices of Inland Revenue to observe extended working hours to facilitate taxpayers in payment of duties and taxes.
The FBR in an office memorandum directed all Large Taxpayers Offices (LTOs)/ Medium Tax Office (MTO)/ Corporate Tax Offices (CTOs)/ Regional Tax Offices (RTOs) to open and observed extended working hours till 20:00 hrs on Monday May 30, 2022 and till 22:00 hrs on Tuesday, May 31, 2022 to facilitate the taxpayers in payment of duties and taxes.
The FBR asked chief commissioners of Inland Revenue to establish liaison with the State Bank of Pakistan (SBP) and authorized branches of National bank of Pakistan (SBP) to ensure transfer of tax collected by these branches to the respective branches of the SBP on the same date to account for the same towards collection for the month of May 2022.
The SBP has also issued a statement in regard. The central bank said 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 till 8:00 P.M. and 10:00 P.M. on 30th and 31st May, 2022 respectively.
Accordingly NIFT has been advised to arrange a special clearing at 8:00 P.M. on 31st May, 2022 (Tuesday) for same day clearing of payment instruments.
All banks are advised to keep their concerned branches open on 31st May, 2022 (Tuesday) till such time that is necessary to facilitate the special clearing for Government transactions by the NIFT.