FBR urges traders, taxpayers to use electronic payment facility

562

Staff Reporter

Islamabad

The Federal Board of Revenue (FBR) on Monday urged the taxpayers and traders to use E-Payment facility for convenient and hassle free payment of all FBR taxes and some provincial taxes.
The board in continuation reforms and modernization drive, had introduced the E-Payment facility to facilitate taxpayers, according to an FBR press statement issued here Monday.
On the one hand, traders could electronically pay all import duties and taxes through customs computerized system WeBOC at ports and border stations across Pakistan, said an FBR press statement.
The taxpayers could also electronically pay income tax, sales tax and Federal Excise duty sitting in their homes.
“E-Payment system provides round the clock facility to taxpayers and traders to make online payment of customs duties and other FBR taxes as well as provincial cess and stamp duty,” the statement added.
The facility is available through internet and mobile banking by using more than 15000 ATMs of 16000 Over the Counters (OTC) bank branches of commercial banks spreading across the country.
The taxpayers’ confidence and interest in E-payment was growing fast and it can be gauged from the fact that the proportion of number of E-payments of Income Tax, Sales Tax and Federal Excise Duty has increased from 6.26% of total payments during July to December 2019 to 40.5% during same period of 2020.
Similarly the proportion of amount deposited in these E-payments has increased from 13.55% of total payments to 76.5% during the comparative periods. E-payment facility has greatly helped the traders and other taxpayers’ during the Covid-19 pandemic since all transactions can be completed without physical interaction.