1. Home /
  2. Blog
  3. /
  4. Fbrs Measures To Facilitate People

FBR’s measures to facilitate people

author Befiler date
FBR’s measures to facilitate people

Primary source for a country to generate public revenue is by collecting taxes and fees with an aim to invest it in human capital and infrastructure of the country. The core objective of any tax collection authority is to optimize public revenue by making tax collection process easier and smarter. Federal Board of Revenue (FBR) being the primary tax collection authority in Pakistan is busy in doing the same by providing quality services to its taxpayers and making their life easier.

According to the progress report issued by Ministry of Finance, FBR has performed up to the mark by creating an enabling and accessing environment for the taxpayers. The measures taken by FBR in order to increase revenue is unprecedented in the history of Pakistan.

The Ministry of Finance highlighted the measures which have been taken by the Inland Revenue and few of them given as follows:

Track and Trace System:

A track and trace system has been introduced which will cater multiple sectors including tobacco, sugar, cement, beverage, fertilizer. The purpose of this system is to increase and optimize tax revenue, decrease fabrication, avoiding goods smuggling through robust implementation on national level and electronic control system by affixing tax stamps to various products at the production stage.  By implementation of track and trace system FBR will have a strong control over supply chain infrastructure of the manufactured goods.

Point of Sales (POS):

POS is an online invoicing system, it digitizes the economic transactions, and it also caters to the growing needs of digital economy. It is a real-time information and data processing system that connects the tier-1 retailers with FBR database through internet. The purpose of the system is to ensure that the sales are reported in real-time to the FBR and are subjected to monthly filing of sales tax returns.         

Automated Issuance of refunds:

For the convenience of taxpayers, a centralized automatic reimbursement system has been introduced which does not require manual application and verification. It issues refunds directly to taxpayers’ bank accounts without the need for face-to-face discussions with tax authorities. Steps have also been taken to activate the legal framework by enacting relevant provisions in tax laws.

Single Sales Tax Portal/Return:

FBR has launched the One-Stop Sales Tax Portal. Sales tax returns for December 2021 were filed in January 2022 under this new portal. While pursuing its vision of facilitating taxpayers and ensuring the ease of doing business through automation, digitization, and minimizing human interaction with taxpayers. This facility will allow taxpayers to file a monthly sales tax return instead of multiple returns on different portals. This will significantly reduce compliance time and costs. The system will automatically distribute tax payments to sales tax authorities along with the input tax adjustment, eliminating the need for payment reconciliation and transfer.

E-hearing:

Online hearings are designed to provide free tax administration, which results in reduced compliance costs and save taxpayers’ valuable time. Provision of E-hearing is covered under section 227E of the Income Tax Ordinance, 2001.

E-filing of appeal:

An online appeals procedure has been made available to taxpayers. However, there was a lack of legal provision to allow this, as introduced by section 127 of the Income Tax Ordinance 2001.

Categories
Loading...
Suggested Blog Posts
Loading...

Befiler

how to become tax filer in pakistan

online ntn registration in pakistan

Income Tax Return

File Taxes

E-filling & NTN Registration

The easiest & quickest way to become a filer online. Register NTN, file income tax, check your FBR tax return. Filing taxes in Pakistan has never been easier before.

Tax Questions & Tools

Salary Calculator

NTN Finder

FAQ

Blog

Contact Us

Tax Services

Befiler Tax Filing NTN Finder Salary Calculator income tax return tax refund tax preparation sales tax return filing e file income tax calculate tax return filing online file a tax return free tax online tax

accounts, amnesty, befiler, blog, business, calculator, capital, earning, excise, expense, fbr, filer, financial, house, income, invest, law, ntn, online, organization, pakistan, portal, property, returns, salary, sales, scheme, service, tax, withholding, AOP, Business registration, Online Preparing Tax Filing, NTN registration, NTN Verification, Salary tax calculator, FBR tax filing, Tax return, E-filing

logo dashboard image how to make ntn in pakistan how do i check my fbr return online benefit of filer pakistan how to open my fbr account without password atl status fbr fbr tax return last date pakistan income tax calculator last date for income tax returns pakistan salary tax pakistan taxation fbr tax rates pakistan sales tax rate ntn certificate fbr Befiler – Your Smart Tax Assistant for Income Tax Return Filing NTN Registration with Befiler is Fast and Easy! Why You Should Become A Filer Information Needed to File an Income Tax Return More Incentives, More Reasons to Become Filer Online Tax Filing Culture in Pakistan : A Trend on the Rise Befiler’s Role in Improving Tax Awareness and Education in Pakistan How Do I Become a Tax Filer in Pakistan? Federal Budget for Financial Year 2019 – 2020 TAX AMNESTY SCHEME 2019 TAX FILING FOR SALARIED INDIVIDUALS Important facts to know about NTN Registration Making Tax Simple for People Befiler Makes You a Tax Filer with Ease Pakistan’s Tax Culture Strategy for FBR Transformation and Enhancement of Tax Collections How I should Benefit from Becoming a Filer in Pakistan? Filing Income Tax Returns: Late Filing is Better than Non-Filing and Notices from FBR. File your Tax Returns Online with Befiler Calculation of Taxes on your Salary Tax Credit and Deductible Allowances: How can you Pay Less in Taxes and Save More? Exemptions and Tax Concession: How to Legitimately Remain Safe by Paying in Less or No Taxes Online Correspondence of Tax Notice: Real-time coordination with the Tax body: Nadra and FBR Joining Hands Together To Track And Hunt Non-Filers Sales Tax: Its Fundamental Concepts, Those Who Are Required to Register for Sales Tax, and Basics of Sales Tax Registration. Why you should integrate your POS System with FBR? Implications of Finance (Supplementary) Bill 2021; Get to know which commodities are going to get costlier! Single Sales Tax Returns: A New Sales Tax Returns Portal Finance Supplementary Act 2022 Business NTN Registration Process: How I can Register my Business NTN in Pakistan conveniently? Company Incorporation Process: How I can Register my Company in Pakistan with Ease? It’s the time to profile non-filers: FBR’s bid to launch “Asaan Tax Portal”. Offences, Penalties, and Prosecutions: You can land in hot water, if you failed to comply with filing tax returns. Withholding Taxes in Pakistan: Why it is Important to Educate Yourself, and how can You get a refund on your paid Withholding Tax Money? Calling out Freelancers: Government registering them for controlling Money Laundering Prime Minister’s relief package, a sigh of hope for the nation PM Imran Khan to distribute Rs. 407Bn Interest-Free Loan under Kamyab Pakistan Program Tax Amnesty Scheme 2022 Intellectual Property: Interesting and Relevant Things to Know About Topic: Companies: Its types, basics, purpose and registration benefits. Reviving Sicked Industrial Sectors through granting Tax Incentives FBR’s measures to facilitate people https://www.befiler.com/blog/?category=22&per_page=10 https://www.befiler.com/blog/?category=7&per_page=10 https://www.befiler.com/blog/?category=21&per_page=10 https://www.befiler.com/blog/?category=18&per_page=10 https://www.befiler.com/blog/?category=20&per_page=10 https://www.befiler.com/blog/?category=17&per_page=10 https://www.befiler.com/blog/?category=1&per_page=10