{"id":65957,"date":"2020-05-29T10:03:00","date_gmt":"2020-05-29T05:03:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65957"},"modified":"2020-05-28T18:05:35","modified_gmt":"2020-05-28T13:05:35","slug":"fbr-introduces-online-tax-refund-system","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-introduces-online-tax-refund-system.html","title":{"rendered":"FBR introduces online tax refund system"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) recently introduced an online tax refund system aimed at making the refund process even more effective \u2013 a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-refunds-pkr-51-5-bn-exporters-businesspersons.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR refunds PKR 51.5 bn to exporters, businesspersons<\/a><\/p>\n\n\n\n<p>Under the new system, the tax-payers who have updated their IBAN numbers on the FBR\u2019s IRIS portal will see their tax refunds directly transferred to their bank accounts. Their income tax returns will also be paid through the IBAN. The FBR has also introduced the facility of online payment of custom duties by exporters.<\/p>\n\n\n\n<p>In a related news, the FBR and the government is also looking into a proposal about increasing the excise duty on tobacco. Reportedly, the board may be able to increase revenue from this excise duty by as much as PKR 260 billion.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-refunds-56b-exports-faster.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR refunds PKR 56bn to exporters through FASTER system<\/a><\/p>\n\n\n\n<p>The government has recently been looking into different proposals aimed at achieving its revenue collection target of more than PKR 5 trillion \u2014 a nearly 30% increase from the target set for the current fiscal. Consequently, a number of plans are under consideration to boost revenue during the upcoming fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) recently introduced an online tax refund system aimed at making the refund process even more effective \u2013 a news source reported. Read: FBR refunds PKR 51.5 bn to exporters, businesspersons Under the new system, the tax-payers who have updated their IBAN numbers on the FBR\u2019s IRIS portal will see their tax refunds directly transferred to their bank accounts. Their income tax returns will also be paid through the IBAN. The FBR has also introduced the facility of online payment of custom duties by exporters. In a related news, the FBR and the government is also looking into a proposal about increasing the excise duty on tobacco. Reportedly, the board may be able to increase revenue from this excise duty by as much as PKR 260 billion. Read: FBR refunds PKR 56bn to exporters through FASTER system The government has recently been looking into different proposals aimed at achieving its revenue collection target of more than PKR 5 trillion \u2014 a nearly 30% increase from the target set for the current fiscal. Consequently, a number of plans are under consideration to boost revenue during the upcoming fiscal year.<\/p>\n","protected":false},"author":57,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[30273],"persona":[],"class_list":{"0":"post-65957","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-introduces-online-tax-refund-system","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>FBR introduces online tax refund system - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) recently introduced an online tax refund system aimed at making the refund process even more effective \u2013 a news source reported.\" \/>\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-introduces-online-tax-refund-system.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR introduces online tax refund system - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) recently introduced an online tax refund system aimed at making the refund process even more effective \u2013 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-introduces-online-tax-refund-system.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=\"2020-05-29T05:03:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\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=\"Muhammad Farhad\" \/>\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 introduces online tax refund system - Zameen News","description":"Islamabad: The Federal Board of Revenue (FBR) recently introduced an online tax refund system aimed at making the refund process even more effective \u2013 a news source reported.","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-introduces-online-tax-refund-system.html","og_locale":"en_US","og_type":"article","og_title":"FBR introduces online tax refund system - Zameen News","og_description":"Islamabad: The Federal Board of Revenue (FBR) recently introduced an online tax refund system aimed at making the refund process even more effective \u2013 a news source reported.","og_url":"https:\/\/www.zameen.com\/news\/fbr-introduces-online-tax-refund-system.html","og_site_name":"Pakistan Real Estate News &amp; 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