{"id":54922,"date":"2019-09-03T18:02:44","date_gmt":"2019-09-03T18:02:44","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=54922"},"modified":"2020-01-27T07:57:43","modified_gmt":"2020-01-27T07:57:43","slug":"govt-release-pkr-22-bn-verified-sales-tax-refunds","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-release-pkr-22-bn-verified-sales-tax-refunds.html","title":{"rendered":"Govt to release PKR 22 bn in verified sales tax refunds"},"content":{"rendered":"<p>Islamabad: Advisor to the Prime Minister (PM) on Finance, Revenue and Economic Affairs <a href=\"https:\/\/www.zameen.com\/news\/govt-approves-tax-exemptions-gwadar-free-zones-until-2039.html\" target=\"_blank\" rel=\"noopener noreferrer\">Dr Abdul Hafeez Shaikh <\/a>has announced the government\u2019s decision to release PKR 22 billion verified refunds of sales tax for all years, in order to offer liquidity support to businesses and promote economic activity in the country, according to the news sources.<\/p>\n<p>Through his twitter account on Monday, the Advisor said that the income tax refunds between PKR 0.1 to 0.5 million will be paid in the upcoming month.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/faster-system-refund-sales-tax-72-hours-fbr.html\" target=\"_blank\" rel=\"noopener noreferrer\">\u2018FASTER\u2019 system to refund sales tax within 72 hours: FBR<\/a><\/p>\n<p>The income tax refund of PKR 1.7 billion, up to PKR 0.1 million for all years are to be immediately released, and the verification of the remaining refunds is to be expedited.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-decides-to-revisit-pending-cases-of-tax-defaulters.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR decides to revisit pending cases of tax defaulters<\/a><\/p>\n<p>Meanwhile, Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that the department is going to alter its valuation model that determines the custom duty and other levied taxes on the import stage, as well as revise the old Customs General Orders (CGO\u2019s).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Advisor to the Prime Minister (PM) on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh has announced the government\u2019s decision to release PKR 22 billion verified refunds of sales tax for all years, in order to offer liquidity support to businesses and promote economic activity in the country, according to the news sources. Through his twitter account on Monday, the Advisor said that the income tax refunds between PKR 0.1 to 0.5 million will be paid in the upcoming month. Read:\u00a0\u2018FASTER\u2019 system to refund sales tax within 72 hours: FBR The income tax refund of PKR 1.7 billion, up to PKR 0.1 million for all years are to be immediately released, and the verification of the remaining refunds is to be expedited. Read:\u00a0FBR decides to revisit pending cases of tax defaulters Meanwhile, Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that the department is going to alter its valuation model that determines the custom duty and other levied taxes on the import stage, as well as revise the old Customs General Orders (CGO\u2019s).<\/p>\n","protected":false},"author":75,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[12844],"persona":[],"class_list":{"0":"post-54922","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-govt-to-release-pkr-22-bn-in-verified-sales-tax-refunds","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to release PKR 22 bn in verified sales tax refunds - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Advisor to the Prime Minister (PM) on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh has announced the government\u2019s decision to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-release-pkr-22-bn-verified-sales-tax-refunds.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to release PKR 22 bn in verified sales tax refunds - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Advisor to the Prime Minister (PM) on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh has announced the government\u2019s decision to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-release-pkr-22-bn-verified-sales-tax-refunds.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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