{"id":64843,"date":"2020-04-30T10:00:40","date_gmt":"2020-04-30T05:00:40","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64843"},"modified":"2020-04-30T14:07:48","modified_gmt":"2020-04-30T09:07:48","slug":"fbr-request-taxpayers-to-update-income-tax-returns","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-request-taxpayers-to-update-income-tax-returns.html","title":{"rendered":"FBR requests taxpayers to update income tax returns to receive refunds"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) on Tuesday asked taxpayers to update their income tax returns to receive refund amounts in their bank accounts, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-to-issue-fresh-notifications-to-potential-taxpayers.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR to issue fresh notifications to potential taxpayers<\/a><\/p>\n\n\n\n<p>The board released an official statement declaring that bank account details were required for an online, centralized system of payments in terms of sales tax, income tax and federal excise duty (FED) refunds to be credited to the taxpayers\u2019 bank accounts.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/imf-reduces-fbrs-tax-collection-targets-fy2019-20.html\" target=\"_blank\" rel=\"noreferrer noopener\">IMF reduces FBR\u2019s tax collection targets for FY2019-20<\/a><\/p>\n\n\n\n<p>Furthermore, the FBR has also requested for the exporters to update their WeBOC profiles (Web-Based One Customs system developed by the Pakistan Revenue Automation Ltd (PRAL)), and provide International Bank Account Numbers (IBAN) for the same bank accounts that have already been registered in their profiles.<\/p>\n\n\n\n<p>Previously, the FBR had announced its decision to <a href=\"https:\/\/www.zameen.com\/news\/fbr-to-credit-due-tax-refunds-in-bank-accounts.html\" target=\"_blank\" rel=\"noreferrer noopener\">stop issuing cheques<\/a>, and instead transfer the refund amounts directly to the bank accounts of the beneficiaries. This step was taken in order to minimize human interactions in the entire process so as to ensure maximum transparency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) on Tuesday asked taxpayers to update their income tax returns to receive refund amounts in their bank accounts, according to news sources. Read: FBR to issue fresh notifications to potential taxpayers The board released an official statement declaring that bank account details were required for an online, centralized system of payments in terms of sales tax, income tax and federal excise duty (FED) refunds to be credited to the taxpayers\u2019 bank accounts. Read: IMF reduces FBR\u2019s tax collection targets for FY2019-20 Furthermore, the FBR has also requested for the exporters to update their WeBOC profiles (Web-Based One Customs system developed by the Pakistan Revenue Automation Ltd (PRAL)), and provide International Bank Account Numbers (IBAN) for the same bank accounts that have already been registered in their profiles. Previously, the FBR had announced its decision to stop issuing cheques, and instead transfer the refund amounts directly to the bank accounts of the beneficiaries. This step was taken in order to minimize human interactions in the entire process so as to ensure maximum transparency.<\/p>\n","protected":false},"author":75,"featured_media":59990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[27650,19230,22421,15704],"persona":[],"class_list":{"0":"post-64843","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-request-taxpayers-to-update-income-tax-returns-to-receive-refunds","9":"tag-federal-board-of-revenue-fbr","10":"tag-federal-excise-duty-fed","11":"tag-income-tax-returns","12":"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 request taxpayers to update income tax returns - Zameen News<\/title>\n<meta name=\"description\" content=\"Federal Board of Revenue (FBR) on Tuesday asked taxpayers to update their income tax returns to receive refund amounts in their bank accounts\" \/>\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-request-taxpayers-to-update-income-tax-returns.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR request taxpayers to update income tax returns - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Federal Board of Revenue (FBR) on Tuesday asked taxpayers to update their income tax returns to receive refund amounts in their bank accounts\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-request-taxpayers-to-update-income-tax-returns.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-30T05:00:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T09:07:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR request taxpayers to update income tax returns - Zameen News","description":"Federal Board of Revenue (FBR) on Tuesday asked taxpayers to update their income tax returns to receive refund amounts in their bank accounts","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-request-taxpayers-to-update-income-tax-returns.html","og_locale":"en_US","og_type":"article","og_title":"FBR request taxpayers to update income tax returns - Zameen News","og_description":"Federal Board of Revenue (FBR) on Tuesday asked taxpayers to update their income tax returns to receive refund amounts in their bank accounts","og_url":"https:\/\/www.zameen.com\/news\/fbr-request-taxpayers-to-update-income-tax-returns.html","og_site_name":"Pakistan Real Estate News &amp; 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