FBR Orders Payment of Rs. 126 Billion in Pending Sales Tax Refunds
The Federal Board of Revenue has ordered the payment of Rs. 126 billion in pending sales tax refunds and duty … Read More The post FBR Orders Payment of Rs. 126 Billion in Pending Sales Tax Refunds appeared first on ProPakistani .
The Federal Board of Revenue (FBR) has ordered the payment of Rs. 126 billion in pending sales tax refunds and duty rebates to businesses within two to three months, according to a meeting with the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). The decision was disclosed by Saquib Fayyaz Magoon, Senior Vice President of FPCCI, after discussions with FBR Chairman Rashid Mahmood Langrial.
The pending amount includes around Rs. 83 billion in sales tax refunds and Rs. 43 billion in duty rebates, with both amounts to be cleared within the specified timeframe. The meeting also addressed concerns over the Export Facilitation Scheme, the pre-arrival goods declarations process, and the reduction of classification dispute resolution periods.
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