Pay Tax Through Debit And Credit Cards

By Published On: February 13, 20231.3 min readViews: 717

Pay Tax Through Debit And Credit Cards

By Published On: February 13, 20231.3 min readViews: 717
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Pakistani taxpayers will able to pay their tax liabilities through debit and credit cards by end of current fiscal year year, sources in Federal Board of Revenue (FBR) said.

They said that the FBR had a commitment with the World Bank to meet certain objectives by June 30, 2023. This will include filing by mobile phones, payments by credit and debit cards and non-banking services enabled.

They further said that under the new changes the taxpayers would able to review their records online. “The taxpayers able to offset liabilities against receivables across taxes and fiscal years,” they added.

The sources said that by June 30 last year taxpayers had been able to check their profile and status of tax transactions, liabilities, and refunds online in IRIS system.

“New Simplified Income Tax Return (ITR) for salaried individuals has been introduced. ITR may be filed through Tax Asaan App,” they added.

The sources said that under Pakistan Raises Revenue (PRR) funded by the World Bank, the June 30, 2022 deadline was given to meet that taxpayers are able to check their profile and status of tax transactions, liabilities, and refunds online in IRIS system. New Simplified Income Tax Return (ITR) for salaried individuals has been introduced. ITR may be filed through Tax Asaan App.

Regarding resolution of refunds, the sources said that the FBR had completed mapping, redesign, and automation of refund system. Request for refunds can be made online in IRIS system, and related payments are transferred into taxpayer’s account directly. This will have positive effect in improving performance on this indicator.

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Rida Malik

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