- FBR issues Rs 8.741b sales tax refunds to 739 claimants from export-oriented sectors
FBR Issues Rs 8.741b Sales Tax Refunds To 739 Claimants From Export-oriented Sectors
The Federal Board of Revenue (FBR) has released sales tax refunds of to Rs 8.741 billion to some 739 claimants from five export-oriented zero-rated sectors such as textiles, carpets, leather, sports goods and surgical instruments.
The Bureau had issued an advice to the State Bank of Pakistan for making the payment of refunds to the exporters against 4,117 refund payment orders issued up to November 8, 2018, an FBR press statement said here Saturday.
The FBR said the payments had been made to all those claimants of the aforesaid categories, who had provided their bank account details in IBAN format. Those refund claimants, who had not provided account number in the IBAN format, should provide the same through their user ID on FBR's web portal, it added.
The statement said the FBR was conscious of the problems being faced by the businesses on account of outstanding refunds and was working on a plan to pay the remaining outstanding refund claims at the earliest.