5,912 file corporate tax returns

Published August 31, 2007

ISLAMABAD, Aug 30: As many as 5,912 corporate taxpayers, of the total 6,000, enrolled themselves for filing of sales tax and federal excise returns through the web portal of the Federal Board of Revenue (FBR).

An announcement issued here on Thursday said that following introduction of the new system 3,071 taxpayers filed their returns through the web portal system.

An analysis of the returns indicated that apart from the registered persons dealing with export and local zero-rated supplies, corporate sector making taxable supplies filed returns after making payment of due tax. The collection against these returns amounted to Rs11.45 billion.

The business community has found web application being used by the Sales Tax Wing of the FBR as user-friendly after FBR overcame initial technical hiccups.

The FBR plans to extend the web application to all taxpayers across the country.

For this purpose, technical capacity-building, both of the department as well as of the taxpayers, was under way.

With this programme, it is hoped that all taxpayers shall be able to file their returns through web by December 2007.

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