In continuation of its policy of facilitation of taxpayers and ensuring ease of doing business, Federal Board of Revenue (FBR) has launched Iris-ADX (Asynchronous Data eXchange), an application that allows a taxpayer/E-intermediary to prepare data related to Sales Tax returns including sales invoices, debit/credit notes and sales tax withholding, in offline mode.
With the launch of this application, the taxpayer/EI will be able to prepare sales tax invoices without having to remain connected to the internet, thus the issues related to connectivity, peak load, system downtime etc. will have no effect on the speed or efficiency of data entry.
This will facilitate data preparation of large taxpayers, including DISCOs, MNCs etc., and will indirectly benefit the buyers who require input adjustment on purchases from large taxpayers, thus enhancing the efficiency of the whole supply chain.
It should be noted that this is the first version of Iris-ADX which will be further enhanced to allow offline preparation of all declarations including Income Tax Returns and Statements in the near future, said an official statement.