Federal Board of Revenue (FBR) have Requested Taxpayers to Provide IBAN of their bank accounts for Electronic Transfer of Refunds
According to details, FBR has devised a centralized system
of online payment of Sales Tax, FED and Income Tax refunds directly in the bank
account of the taxpayers.
For this purpose, FBR has requested the taxpayers to update their IRIS profile.
In the given bank account details area in the system, IBAN detail row is added
wherein taxpayers are required to add their complete Bank’s IBAN number of same
Bank Account whose details are already available in IRIS profile to receive
Sales Tax, FED and Income Tax refund cheques.
FBR has advised the taxpayers to do the needful as soon as possible to avail
electronic transfer facility
Likewise, FBR has also required from the exporters to update
their WEBOC profile and provide IBAN of the same Bank Account whose details are
already available in WEBOC profile of the exporters to receive Custom Duty
Drawback.
FBR has required the information to be provided as soon as possible to avail
electronic transfer facility for Customs Duty Drawback payments.
