{"id":66068,"date":"2020-06-02T10:00:00","date_gmt":"2020-06-02T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66068"},"modified":"2020-06-02T10:20:42","modified_gmt":"2020-06-02T05:20:42","slug":"finance-ministry-releases-pkr-10bn-fbr-tax-refund","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/finance-ministry-releases-pkr-10bn-fbr-tax-refund.html","title":{"rendered":"Finance Ministry releases PKR 10bn to FBR for tax refund purposes"},"content":{"rendered":"\n<p>Karachi: The finance ministry recently released funds worth PKR 10 billion for the payment of income tax refunds as part of the federal government\u2019s efforts to provide relief to the coronavirus-affected national economy and taxpayers \u2014 a news source reported. Further, the FBR has decided to liquidate refund claims of up to PKR 5 million.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-introduces-online-tax-refund-system.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR introduces online tax refund system<\/a><\/p>\n\n\n\n<p>According to the details available, the pending income tax refunds (the draft for which has already been prepared and kept in draft mode in Iris by the relevant officers) will be liquidated. So, of all the income tax refund requests that had been applied for between 2014 and 2019, all will be paid as long as they are under PKR 5 million each.<\/p>\n\n\n\n<p>Additionally, the FBR also issued directions to the chief commissioners to prepare a list of cases (ordered bank-wise and taxpayer-wise) that can be refunded up to PKR 5 million. The lists have to be dispatched by May 31. &nbsp;<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-verifies-income-tax-refund-claims-worth-pkr-62-bn.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR verifies income tax refund claims worth PKR 62 bn<\/a><\/p>\n\n\n\n<p>The refunds will be issued electronically \u2014 with the manual issuance of income tax refunds having been put on hold until further notice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The finance ministry recently released funds worth PKR 10 billion for the payment of income tax refunds as part of the federal government\u2019s efforts to provide relief to the coronavirus-affected national economy and taxpayers \u2014 a news source reported. Further, the FBR has decided to liquidate refund claims of up to PKR 5 million. Read: FBR introduces online tax refund system According to the details available, the pending income tax refunds (the draft for which has already been prepared and kept in draft mode in Iris by the relevant officers) will be liquidated. So, of all the income tax refund requests that had been applied for between 2014 and 2019, all will be paid as long as they are under PKR 5 million each. Additionally, the FBR also issued directions to the chief commissioners to prepare a list of cases (ordered bank-wise and taxpayer-wise) that can be refunded up to PKR 5 million. The lists have to be dispatched by May 31. &nbsp; Read: FBR verifies income tax refund claims worth PKR 62 bn The refunds will be issued electronically \u2014 with the manual issuance of income tax refunds having been put on hold until further notice.<\/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":[30504],"persona":[],"class_list":{"0":"post-66068","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-finance-ministry-releases-pkr-10bn-to-fbr-for-tax-refund-purposes","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>Finance Ministry releases PKR 10b to FBR for tax refunds - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The finance ministry recently released funds worth PKR 10 billion for the payment of income tax refunds as part of the federal government\u2019s efforts to provide relief to the coronavirus-affected national economy and taxpayers \u2014 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\/finance-ministry-releases-pkr-10bn-fbr-tax-refund.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry releases PKR 10b to FBR for tax refunds - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The finance ministry recently released funds worth PKR 10 billion for the payment of income tax refunds as part of the federal government\u2019s efforts to provide relief to the coronavirus-affected national economy and taxpayers \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/finance-ministry-releases-pkr-10bn-fbr-tax-refund.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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