According to Federal Board of Revenue (FBR) sources, Pakistani taxpayers will be able to pay their tax obligations with debit and credit cards by the end of the current fiscal year.
They claimed that the FBR and the World Bank had an agreement for the FBR to accomplish a number of goals by June 30, 2023. This will include filing using mobile devices, making purchases using credit and debit cards, and enabling non-banking services.
UP TO 15% DISCOUNT ON PAYMENT OF TOKEN TAX, 5% DISCOUNT ON PROPERTY TAX VIA E-PAY PUNJAB
They added that the new changes would allow taxpayers to view their records online. “The taxpayers are able to balance their accounts across tax and fiscal years,” they added.
According to the sources, as of June 30 of last year, taxpayers were able to access the IRIS system’s online profile and the status of tax transactions, liabilities, and refunds.
The New Simplified Income Tax Return (ITR) has been made available to people who are salaried. They added that ITRs could be submitted through the Tax Asaan App.
HERE IS A COMPLETE GUIDE ON HOW TO FILE INCOME TAX RETURNS ONLINE IN PAKISTAN
According to the sources, a deadline of June 30, 2022, was set for taxpayers to be able to check their profile and the status of their tax transactions, liabilities, and refunds online in the IRIS system as part of Pakistan Raises Revenue (PRR), a World Bank-funded project. There is now a new, simpler income tax return (ITR) for people who are employed. ITRs can be submitted using the Tax Asaan App.
The sources claim that the FBR has completed automating the refund system and redesigning its mapping for refund resolution. The IRIS system accepts online refund requests, and any associated payments are then transferred directly into the taxpayer’s account. As a result, performance on this indicator will improve.