Thursday, January 28, 2021
Home Business FBR urges traders to use electronic payment facility

FBR urges traders to use electronic payment facility

By Asghar Ali Mubarak

ISLAMABAD: The Federal Board of Revenue (FBR) urged the taxpayer and traders to use E-Payment facility for convenient and hassle free payment of all FBR taxes and some provincial taxes.
The board in continuation reforms and modernization drive, had introduced the E-Payment facility to facilitate taxpayers, according to an FBR press statement issued here Monday.
On the one hand, traders could electronically pay all import duties and taxes through customs computerized system WeBOC at ports and border stations across Pakistan, said an FBR press statement.
The taxpayers could also electronically pay income tax, sales tax and Federal Excise duty sitting in their homes.
“E-Payment system provides round the clock facility to taxpayers and traders to make online payment of customs duties and other FBR taxes as well as provincial cess and stamp duty,” the statement added.
The facility is available through internet and mobile banking by using more than 15000 ATMs of 16000 Over the Counters (OTC) bank branches of commercial banks spreading across the country.
The taxpayers’ confidence and interest in E-payment was growing fast and it can be gauged from the fact that the proportion of number of E-payments of Income Tax, Sales Tax and Federal Excise Duty has increased from 6.26% of total payments during July to December 2019 to 40.5% during same period of 2020.


Please enter your comment!
Please enter your name here

Most Popular

Maryam threatens Justice (r) Azmat

-Says ‘Broadsheet is fraud-sheet’ -Threatens to spill the beans if Azmat Saeed not quits heading probe Commission -Shows solidarity with Lahore’s notorious Land Grabbers...

NCOC devises country’s Vaccination mechanism

-Decides reopening universities across country from February 1 -Strategy made with input from all provinces and stakeholders -Asad Umar says Pakistan’s Vaccination drive to...

Pakistan pledges $25K for UN peace-building

By Asghar Ali Mubarak ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has urged the United Nations to address the root causes of conflicts including injustice, inequality...

Indian Farmers vow to continue protests

DM Monitoring NEW DELHI: Hundreds of police guarded the historic Red Fort in the heart of the Indian capital on Wednesday following violent clashes between...

Recent Comments