Friday, 24 March 2023
Trending
Lesco Bill Check Online 2022 | How to Get Lesco Duplicate Bill Online 1500 Prize Bond Draw List 15 August 2022 How to Check and Verify Vehicle Ownership | Car Registration Online Check 8009 Nadra family verification system | 8009 Nadra online check | 8009 sms Nadra Apple IPhone XS Max PTA and Import TAX in Pakistan | Non PTA price in Pakistan Prize Bond 750 list 2022 | Prize Bond Schedule 2022 How to Check Number of Mobile SIMs Issued Against Your CNIC 750 Prize Bond List 2022 | Prize Bond Schedule 2022 200 Prize Bond Draw List 2022 15th March 2022 – Prize Bond Draw Schedule Dates and Results 2022 Changes to offences and penalties under Finance Act 2021 FBR withdraws all appeals in exemption on foreign remittances Prize Bond Schedule 2022 Best Grocery Stores in Pakistan How to Withdraw Payoneer Money from JazzCash How to Check LESCO Bill Duplicate Online Prize Bond Draw Schedule 2022 FBR completed FATF actions on Anti Money Laundering and DNFBPs before deadline Taxation of gifts in Pakistan Definition of Beneficial Owners | Budget Proposals 2022-2023 Deadline extended for prize bond encashment of Rs15000, Rs25000, and Rs40000 How to Share Jazz Balance? World’s highest inheritance tax story of Samsung chairman Lee Kun Hee Tax & Accounting Jobs Let entrepreneurs work from parks ! FTO orders to probe tax officials involved in sales tax refund scam FBR Revises Property Valuation Rates of Immovable Properties in 40 Cities FBR’s National Single Sales Tax Return System Fully Functional Government Seeks to Impose tax on Suspicious Gifts transactions among Relatives What is Raast? How will it help to Citizens of Pakistan? FBR POS Invoice Lucky Draw Winners Result List June 15 2022 FBR Lucky Draw 15 June 2022 15000 Prize Bond List 2021 Announced, On 1st April 2021 Persons required to get sales tax registration with FBR HBL launches first Personal Finance Manager Solution powered by Hysab Kytab How to Register and login at FBR IRIS ? How to Get NTN Registration ? FATF retains Pakistan on grey list Revised Petrol Prices in Pakistan | Latest Good News License Issuance Procedures for Integration of Point of Sales of Tier-1 Retailers with FBR Good news: Petrol prices reduced by government PTBA highlighted issues in Active Taxpayer List Bitcoin fell to a three-month low on Monday FBR monitoring teams will assess sales of resisting Tier-1 retailers FBR implemented new tax regime for imported Items Finance Act 2021: fixed allowance to be treated as salary for income tax deduction Launch of single sales tax return to end fake and flying invoices File tax return or pay penalty for tax year 2020: FBR started issuing tax notices Eid Ul Adha Holidays in Pakistan 2022 FBR achieves historic revenue collection growth in November 2021 100 Prize Bond List 2022 | Prize Bond Draw Schedule 2022 FBR Amends Sales Tax Return Form to deny 60pc input tax to nonintegrated retailers
UPDATES

Taxpayer bound to make e-payment of duties and taxes over Rs 1 million: FBR

By

Mohsin Rafique of Collector Customs Appraisement Lahore informed in a seminar held at APTMA, Lahore that from January 20, 2021, all duties and taxes of more than one million will be paid through e-payment system only.

Mohsin Rafique informed the participants that as per the requirements of FATF and as a direction towards digitization and automation of the economy, the federal government has now bound to all importers to pay duty and taxes of over Rs. 1 million through internet banking, mobile banking and other e-payment sources only approved by the State Bank of Pakistan.

Payment of all FBR taxes as well as some provincial taxes have been introduced for easy and hassle-free payment. On the one hand, traders can electronically pay all import duties and taxes through the customs computerized system WeBOC at ports and border stations across Pakistan. On the other hand, taxpayers can also pay income tax, sales tax and federal excise duty electronically from their homes. This allows to taxpayers and traders to pay online duty and taxes as well as provincial cess and stamp duty. Provides round-the-clock service. This facility is available through internet and mobile banking using 16,000 over-counters (OTC) of more than 15,000 ATMs of commercial bank branches spread across the country.

e-payment limit of taxes abolished | ALSO READ

Proportion of e-payments of taxes

Proportion of e-payments of income tax, sales tax and federal excise duty increased from 6.26% during July-December. During the comparative period of this year, the proportion of deposits in these e-payments has increased. From 13.55 per cent to 76.5 per cent of the total payments.

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

e-Payment of taxes across the country

Currently 18.6% of import duties and taxes are being collected through Pakistan Customs through e-payment system. In the last six months, e-payment cleared more than 80,000 appliances, accounting for about 22% of total imports. Apart from major cities like Karachi, Lahore, Islamabad and Peshawar. Importers in remote areas and Taftan and Khanjrab are also benefiting from this facility.

Source | FBR | Federal Board of Revenue | Duty & Taxes | Taxpayers | Traders | e-Payment | State Bank of Pakistan | Customs |

LATEST POSTS

TaxUrdu.com

Related posts
UPDATES

FBR issues new active taxpayers list for Tax Year 2022

By
Table of Contents FBR issues new active taxpayers list for Tax Year 2022How much taxpayers filed…
Read more
UPDATES

Salient Features of Finance Supplementary Bill 2023 | Mini Budget

By
Table of Contents Salient Features of Finance Supplementary Bill 2023 | Mini BudgetFinance…
Read more
UPDATES

How to Check your FBR Maloomat and tax details

By
Table of Contents How to Check your FBR Maloomat and tax detailsStep by step procedure to check the…
Read more
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.