ISLAMABAD: Dr. Abdul Hafeez Shaikh, advisor to Prime Minister on Finance and Revenue, said on Wednesday, Federal Board of Revenue (FBR) has cleared Rs 15.6 billion in sales tax refunds against 8,415 Refund Payment Orders (RPOs).
He tweeted that the Federal Bureau of Revenue has cleared Rs 15.6 billion today ( Thursday) in Sales Tax refunds against 8415 Refund Payment Orders (RPOs) to enhance the liquidity of businesses & economic activity in the country. This is on top of Rs 5.4 billion refunds cleared as bonds & adjustments.
The Govt (FBR) has cleared Rs 15.6 billion today in Sales Tax refunds against 8415 Refund Payment Orders (RPOs) to enhance the liquidity of businesses & economic activity in the country.
This is on top of Rs 5.4 billion refunds cleared as bonds & adjustments.— Dr. Abdul Hafeez Shaikh (@a_hafeezshaikh) September 11, 2019
The Government of Pakistan has earlier announced to increase the taxpayers currently according to FBR’s statistics, the total number of people who submitted their tax returns is 2.154 million. Out of which 700,000 are salaried individuals
The FBR had earlier stated that they are considering to leavy fines on businesses who have failed to submit their tax returns. This move is appreciated by several taxpayers, who have never received their tax refunds in the past.
