Tag: sales tax refund
FBR directs IR offices to dispose of all refund cases by July 31
ISLAMABAD: Federal Board of Revenue (FBR) has directed tax offices to dispose all pending refund claims by July 31, 2021. The FBR also facilitated exporters by enhancing risk parameters for […]
FBR enhances refund to export ratio
ISLAMABAD: Federal Board of Revenue (FBR) has revised the processing parameters and increased refund to export ratio to 15 percent. According to Sales Tax General Order (STGO) No. 05 of […]
FBR constitutes refund resolution committee for KPK taxpayers
ISLAMABAD: Federal Board of Revenue (FBR) on Friday constituted a provincial complaint resolution committee for settlement of issues relating of sales tax refund matters for Khyber Pakhtunkhwa (KPK). The FBR […]
FBR constitutes refund resolution committees for Punjab taxpayers
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday constituted complaint resolution committees for settlement of issues relating to sales tax refund matters for the taxpayers in the province of Punjab. […]
FBR decides releasing missing amounts of sales tax refunds
ISLAMABAD: Federal Board of Revenue (FBR) on Monday decided to release missing amounts of sales tax refunds that were stuck up due to design flaws in the Fully Automated Sales […]
FBR amends rules for filing, processing of refund claims
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday amended Sales Tax Rules, 2006 for process and claims of refunds by commercial exporters. In this regard the FBR issued SRO 1172(I)/2020 […]
No refund claim to stop at pre-processing stage: FBR
ISLAMABAD: Federal Board of Revenue (FBR) on Saturday said that it has launched an updated version of automated refund payment system and taxpayers will not face hurdles in processing their […]
FBR asks exporters to resubmit claims for stuck-up refunds
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday offered exporters to resubmit their refund claims which were stuck up due to any reason. The FBR said that sales tax refund […]
FBR issues SOPs for over-ruling objections on refund claims
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued procedure for over-ruling objections raised by Fully Automated Sales Tax e-Refund (FASTER) in order to facilitate taxpayers in obtaining their stuck […]
SBP seeks feedback on automaton of tax refund payment
KARACHI: State Bank of Pakistan (SBP) has invited business community to provide feedback on an ongoing project of automation of payment of tax refunds by the central bank. Dr. Reza […]