FBR SBP Online Tax Duties Collection System Update:
The Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) on Tuesday (20-03-2018) launched an online tax collection system, allowing taxpayers to pay taxes and duties using internet banking accounts or ATMs, without the hassle of visiting bank branches. FBR SBP Online Tax Duties Collection System.
The online tax collection system is live now and the taxpayers can pay their federal taxes including income tax, sales tax, customs duty and federal excise duty through alternative delivery channels — ATM, online banking, phone banking and contact centres — at any time seven days a week. FBR SBP Online Tax Duties Collection System.
The system is based on the 1Link Biller module, whereby FBR has been added as one of the Billers on the banks’ ‘Bill Payment’ page. FBR SBP Online Tax Duties Collection System.
Read: FBR SBP Tax Customs Duty Payments Using ATM Internet Banking to Launch Soon
The system was launched by Haroon Akhtar, Special Advisor to Prime Minister on Revenue in a simple ceremony held at FBR House Islamabad on Tuesday. The Ceremony was also attended by Tariq Bajwa, Governor SBP, Tariq Pasha Chairman FBR, Chairman and CEO 1Link and senior officials of SBP, FBR and Customs. FBR SBP Online Tax Duties Collection System.
On the occasion, Haroon Akhtar congratulated the State Bank of Pakistan, FBR and 1Link for initiating and completing this important project. He said that the online collection system provides much needed relief and convenience to the tax payers and expressed optimism that the business community will take full advantage of the system and pay bulk of their taxes and duties using the online facility. He said as the system provides end to end solution right from filing of the tax return to payment of taxes to recording in government books of accounts and thus will bring efficiency, safety and transparency in Government tax collection system. He added that the system will also be instrumental in improving Pakistan’s ranking in the World Bank’s ease of doing business index.
Launching online systems is the part of Pakistan’s digital strategy, which stresses the need to adopt technology at all governmental and corporate levels that could bring ease of doing business in Pakistan.
Earlier Pakistan has launched an online system for company registration in which made the company registration process hassle-free, as a result, thousands of new companies were registered in Pakistan during the month of February 2018 alone.
How The System Works
The system is online end-to-end, from the generation of payment slip to submission and filing of returns, everything will be done online. Here is how it will go;
- Users can generate Payment Slip ID (PSID) by filling their tax and customs details on FBR (IRIS) and Customs (WeBOC).
- This slip will then be used to access the tax payment details through any ATM or banks’ internet banking.
- The taxpayer will then transfer the due amount to the designated government account. A specified agent can transfer the money on taxpayer’s behalf as well.
FBR chairman told that held goods will be released immediately after importers pay their taxes and customs duties.
The online/ATM tax payment was previously available on following banks when the system was launched on trial basis;
- Faysal Bank
- Silk Bank
- Bank Islami
- Askari Bank
- Bank Alfalah
- Meezan Bank
- Soneri Bank
- JS Bank
- MCB
- UBL
- Summit Bank
- Bank of Punjab
- Bank Al Habib
- HBL
- ABL
- NBP
- Habib Metro
- ICBC
Source: Mehran Post
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