Thursday, 1 December 2022
Trending
UPDATES

FBR and Provincial Revenue Authorities sign MoU on Single Portal and Return for Sales Tax

Federal Board of Revenue (FBR) and all other four Provincial Revenue Authorities have signed a Memorandum of Understanding (MoU) for a single web portal for sales tax return.

The memorandum of understanding (MoU) was signed by the Chairman FBR on behalf of FBR. The heads of all provincial revenue authorities signed the MoU on behalf of their respective revenue authorities.

The representatives of Khyber Pakhtunkhwa Revenue Authority (KPRA) and Balochistan Revenue Authority (BRA) were physically present in the MoU signing ceremony. However, the representatives of Sindh Revenue Board (SRB) and Punjab Revenue Authority (PRA) participated via Zoom technology.

Dr. Waqar Masood Khan, SA to Prime Minister on Revenue said that the signing of the MoU is another step towards making of FBR fully automated. It will help to resolve other issues currently existing between FBR and Provincial Revenue Authorities. Single web portal will bring ease for the business community. It will also help simplify the tax system and procedures. He spoke about the facilities available under the Memorandum of Understanding and the improvements in the tax system and procedures.

The Special Assistant for Revenue congratulated the Chairman FBR, officials of all Provincial Revenue Authorities and the FBR Policy Wing Team for crossing this milestone.

tax-accounting-services-top-tax-consultants-lahore-pakistan
Ads:

FBR | Federal Board of Revenue | Punjab Revenue Authority | Sindh Revenue Board | Khyber Pakhtunkhwa Revenue Authority | Balochistan Revenue Authority | Single Sales Tax Return | Single Web Portal |

Related posts
UPDATES

What is Section 154A 1% Tax on IT Export Services

Table of Contents What is Section 154A 1% Tax on IT Export ServicesTax Credit Regime for export of…
Read more
UPDATES

FBR Iris Website is currently Under Maintenance

Table of Contents FBR Iris Website is currently Under Maintenance FBR Iris Website is currently…
Read more
UPDATES

Latest MoU was Signed by HMRC and FBR in 2022

Table of Contents Latest MoU was Signed by HMRC and FBR in 2022FBR and HMRC will partnering to work…
Read more
Newsletter
Subscribe Now

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