{"id":64099,"date":"2020-04-15T15:19:41","date_gmt":"2020-04-15T10:19:41","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64099"},"modified":"2020-04-15T15:19:42","modified_gmt":"2020-04-15T10:19:42","slug":"fbr-refunds-pkr-51-5-bn-exporters-businesspersons","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-refunds-pkr-51-5-bn-exporters-businesspersons.html","title":{"rendered":"FBR refunds PKR 51.5 bn to exporters, businesspersons"},"content":{"rendered":"\n<p>Islamabad: The Federal Bureau of Revenue (FBR) recently announced its issuance of PKR 51.5 billion in refunds since July 2019 through its Fully Automated Sales Tax E-Refund (FASTER) System, a news source reported.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/bahria-town-lahore-partially-locked-down-22-test-positive-covid-19.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Bahria Town Lahore partially locked down after 22 test positive for COVID-19<\/a><\/p>\n\n\n\n<p>As per the publication, the exporters and businesspersons had filed claims for PKR 64.5 billion since July 2019 through the FASTER System. The bureau processed refund cases worth PKR 57 billion and issued refund payments of PKR 51.5 billion to exporters and businesspersons. The remaining funds were not paid as the exporters and businesspersons did not provide all the necessary data.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/water-consumption-lahore-surges-30-wasa-sets-up-helpline-address-complaints.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Water consumption in Lahore surges by 30%; WASA sets up helpline to address complaints (opens in a new tab)\">Water consumption in Lahore surges by 30%; WASA sets up helpline to address complaints<\/a><\/p>\n\n\n\n<p>Additionally, the <a href=\"https:\/\/www.zameen.com\/news\/fbr-register-monitor-12-business-fields-eight-cities.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR  (opens in a new tab)\">FBR <\/a>has also designed a centralised system for paying sales tax, income tax, and federal excise duty (FED) to the bank accounts of the taxpayers directly. The bureau has also requested the registered taxpayers to update their IRIS profiles. A row for IBAN details has also been added to the bank details area within the new system,. The taxpayers are expected to register their bank\u2019s IBAN for the same bank account whose details are already placed within the IRIS profile. <\/p>\n\n\n\n<p>Through this facility,\nthe taxpayers will receive their income tax, sales tax, and FED refund cheques\ndirectly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Bureau of Revenue (FBR) recently announced its issuance of PKR 51.5 billion in refunds since July 2019 through its Fully Automated Sales Tax E-Refund (FASTER) System, a news source reported. Read: Bahria Town Lahore partially locked down after 22 test positive for COVID-19 As per the publication, the exporters and businesspersons had filed claims for PKR 64.5 billion since July 2019 through the FASTER System. The bureau processed refund cases worth PKR 57 billion and issued refund payments of PKR 51.5 billion to exporters and businesspersons. The remaining funds were not paid as the exporters and businesspersons did not provide all the necessary data. Read: Water consumption in Lahore surges by 30%; WASA sets up helpline to address complaints Additionally, the FBR has also designed a centralised system for paying sales tax, income tax, and federal excise duty (FED) to the bank accounts of the taxpayers directly. The bureau has also requested the registered taxpayers to update their IRIS profiles. A row for IBAN details has also been added to the bank details area within the new system,. The taxpayers are expected to register their bank\u2019s IBAN for the same bank account whose details are already placed&hellip;<\/p>\n","protected":false},"author":76,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[26270,26269],"persona":[],"class_list":{"0":"post-64099","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fully-automated-sales-tax-e-refund-faster-system","9":"tag-the-federal-bureau-of-revenue-fbr","10":"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>FBR refunds PKR 51.5 bn to exporters, businesspersons - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Bureau of Revenue (FBR) recently announced its issuance of PKR 51.5 billion in refunds since July 2019 through its\" \/>\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\/fbr-refunds-pkr-51-5-bn-exporters-businesspersons.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR refunds PKR 51.5 bn to exporters, businesspersons - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Bureau of Revenue (FBR) recently announced its issuance of PKR 51.5 billion in refunds since July 2019 through its\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-refunds-pkr-51-5-bn-exporters-businesspersons.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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