FBR releases Rs51.5bn sales tax refunds through automated system

ISLAMABAD: Federal Board of Revenue (FBR) has released Rs51.5 billion sales tax refunds through fully automated online system since July 2020. The FBR on Tuesday released information of release of refunds through... Read more »

FBR monitors tax refund repayments to ensure transparency

ISLAMABAD: Federal Board of Revenue (FBR) has initiated the monitoring to ensure transparency in repayment of tax refunds. An office order circulated to all Regional Tax Offices (RTOs) and Large Taxpayers Units... Read more »

FBR sanctions Rs56 billion sales tax refunds through FASTER

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday said that an amount of Rs56 billion was paid as sales tax refunds to improve liquidity of exporters. The FBR shared information about refund... Read more »

ECC approves Rs75 billion for repayment of tax refunds

ISLAMABAD: Economic Coordination Committee of (ECC) the Cabinet on Monday approved Rs75 billion for Federal Board of Revenue (FBR) for the repayment of tax refunds. Adviser to the Prime Minister on Finance... Read more »

FBR extends date to submit stock position up to March 15 for claiming refunds

ISLAMABAD: Federal Board of Revenue (FBR) has allowed taxpayers to submit their stock position for the period July – September 2019 up to March 15, 2020 in order to claim sales tax... Read more »

Criminal proceeding initiated in sales tax refunds issuance on bogus invoices

KARACHI: Regional Tax Office (RTO)-II Karachi has initiated criminal proceeding against persons involved in obtaining sales tax refunds on fake and flying invoices. Read more »

FBR processes refund claims with data errors under FASTER system

KARACHI: Federal Board of Revenue (FBR) on Friday said it processed refund claims with data errors under Fully Automated Sales Tax e-Refund (FASTER) system. Read more »

FBR pays Rs11 billion refunds through FASTER system

ISLAMABAD: Federal Board of Revenue (FBR) has paid sales tax refunds worth Rs11 billion through its newly introduced online system since July 01, 2019. Read more »

Hafeez Shaikh directs FBR to simplify Form-H within a week, expedite sales tax refund payment

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue, on Tuesday directed Federal Board of Revenue (FBR) to simplify form-H within a week and expedite payment of... Read more »

FBR criticized for delaying sales tax refunds under FASTER module

KARACHI: Business community has criticized Federal Board of Revenue (FBR) for delaying release of sales tax refunds under newly launched Fully Automated Sales Tax e-Refunds (FASTER) module. Read more »