- The Federal Board of Revenue (FBR) in Pakistan has made it easier for taxpayers to claim sales tax refunds for multiple tax periods.
- The FBR issued a notification outlining measures to facilitate taxpayers in claiming these refunds, addressing concerns related to the submission of Form-7A and the challenges faced by registered persons claiming non-export and/or input tax carry-forward based sales tax refunds.
- The FBR is now allowing the filing of carry-forward based non-export related refunds through two methods: RCPS at tax offices in the STARR system or through the Expeditious Refund System (ERS).
- This relief is available until June 30, 2024, or until Form 7A is made available online, whichever comes first.
- The FBR aims to enhance the ease of doing business and reduce the burden on taxpayers.
- The relief provided through RCPS and ERS is set to make a positive impact on the business community and taxpayers, providing them with the support they need in the complex world of taxation.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
