FBR takes steps for ease of doing business

Web DeskWeb Editor

29th Jul, 2021. 12:13 pm
Tax authorities

ISLAMABAD: The Federal Board of Revenue (FBR) has launched a single identifier number for all domestic taxes, a statement said.

Under this initiative, a taxpayer can use all applications under the income, sales taxes and federal excise duty by mere use of the computerized national identity card (CNIC) if a taxpayer is an individual.

In the case of partnership firms and companies, the National Tax Number (NTN) would be the common tax identifier number, it said.

In this manner, the income, sales taxes and the federal excise duty have been harmonised. This is an important step towards ease of doing business and will substantially improve Pakistan’s rating on this count.

The revenue board has also launched a facility; whereby, the taxpayers can now make payments without visiting the bank. This facility is widely known as the Alternate Delivery Channel (ADC) payment mode.

The Alternate Delivery Channel allows taxpayers to pay all the federal taxes and duties, i.e., income tax, sales tax, Customs duty and the federal excise duty from any commercial bank account through internet banking, ATM, mobile banking and contact centres, the statement said.

However, in the case of an individual taxpayer, the alternate facility of making the payment over the counter (OTC) has still been allowed simultaneously along with the ADC channel till September 30, 2021, so that no inconvenience is caused to the individual taxpayer for seamless filing of returns.

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