The Federal Board of Revenue (FBR) has introduced automated system for processing and issuance of the income tax refund based on Income Tax Refund Module (ITRM). According to the FBR, the board has issued a circular to all Chief Commissioners IR, LTUs / RTOs / CRTOs in order to facilitate the taxpayers.
In order to ensure transparency, efficiency and taxpayer facilitation leading to their confidence building in FBR, an automated system of income tax refund processing is being devised in the form of developing a complete Income Tax Refund Module (ITRM). The system is must for creating confidence among the taxpayers and all stakeholders in the revenue system of the country, FBR added.
The process of verification of claimed refunds may be initiated and competed in each case by July 15, 2019 for determining genuine refund in each case in respect of all the tax years by the deadline of July 31, 2019, FBR said.
The Federal Board of Revenue (FBR) has also issued instructions to all the LTUs/CRTOs/RTOs to remain open and observe extended working hours till 08:00 pm on 28th June(Friday), and 29th June (Saturday) and till 11:00 pm on 30th June, 2019 (Sunday) to facilitate the taxpayers' in payment of duties and taxes and filing of income tax returns/statements.
FBR has further instructed the Chief Commissioners (IR) to liaise with the State Bank of Pakistan and authorized branches of National Bank of Pakistan to ensure transfer of tax collection by these branches on 30th June to the respective branches of State Bank of Pakistan on the same date and to account the same towards collection for the month of June, 2019.