FPCCI recommends dedicated accounts to stop fraud in sales tax refunds

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended dedicated accounts for prevent fraud in sales tax refunds. Read more »

FBR clears Rs15.6 billion sales tax refunds in 8,415 RPOs: Dr. Hafeez Shaikh

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday cleared Rs15.6 billion in sales tax refunds against 8,415 refund payment orders (RPOs), said Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance... Read more »

FBR issues first batch of e-refund

ISLAMABAD: The first payment through Fully Automated Sales Tax e-Refund (FASTER) module, against the refund claims for the tax period July, 2019, has been made on Monday September 02, 2019, and the... Read more »

Govt. decides immediate release of Rs22 billion tax refunds: Dr. Hafeez Shaikh

ISLAMABAD: The government has decided to released tax refunds amounting Rs22 billion immediately for the promotion of economic activities, Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance said in a... Read more »

FPCCI demands immediate release of export refunds, duty drawbacks

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded the government of issuing all outstanding export refunds, rebates and duty drawbacks. Read more »

Procedure issued to sanction sales tax refund claims of importers

ISLAMABAD: Federal Board of Revenue (FBR) issued procedure for sanctioning refund claims on sales tax collected against imported goods. Read more »

CDC to facilitate 600 businessmen to receive sales tax refund bonds

KARACHI: Central Depository Company of Pakistan Limited (CDC) will facilitate 600 businessmen in receiving their sales tax refunds issued by the Federal Board of Revenue (FBR) in the shape of refund bonds. Read more »

FBR asks refund claimants to open CDC account

KARACHI: Federal Board of Revenue (FBR) has asked taxpayers, who opted sales tax refund through bonds, to open their accounts with Central Depository Company (CDC). Read more »

FBR issues guidelines for refund payment through bonds

ISLAMABAD: In order to facilitate businesses / exporters whose refund claims are pending with FBR and they are facing liquidity problem, it has been decided to pay sales tax refunds through bonds... Read more »

Option of refund through bonds can be availed by March 25: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has asked sales tax refund claimants to avail option of bonds by March 25, 2019. Read more »