The State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) have teamed up to provide a much-needed relief to the taxpayer. Taxpayers, including businessmen and importers, can now pay their due taxes using ATM or internet banking. The tax returns can be filed online as well.
Good news? You won’t have to stand in long queues at the physical branches to pay your taxes anymore. However, if someone prefers paying taxes by visiting the branch, they can avail that option as well. You can visit the ATM to pay your taxes or you can submit them while sitting at your home.
The online tax payment system was previously launched on a trial basis. Haroon Akhtar, Special Advisor to Prime Minister on Revenue, formally launched the system today at the FBR House Islamabad.
How the System Works
The system is online end-to-end, from the generation of payment slip to submission and filing of returns, everything will be done online. Here is how it will go;
- Users can generate Payment Slip ID (PSID) by filling their tax and customs details on FBR (IRIS) and Customs (WeBOC).
- This slip will then be used to access the tax payment details through any ATM or banks’ internet banking.
- The taxpayer will then transfer the due amount to the designated government account. A specified agent can transfer the money on taxpayer’s behalf as well.
FBR has been added as a biller on banks’ payment pages, and taxpayers can visit the FBR page to generate payment slips.
FBR chairman told that held goods will be released immediately after importers pay their taxes and customs duties.
The online/ATM tax payment was previously available on following banks when the system was launched on trial basis;
- Faysal Bank
- Silk Bank
- Bank Islami
- Askari Bank
- Bank Alfalah
- Meezan Bank
- Soneri Bank
- JS Bank
- Summit Bank
- Bank of Punjab
- Bank Al Habib
- Habib Metro
The launching ceremony was attended by FBR Chairman Tariq Pasha, SBP Governor Tariq Bajwa, CEO and Chairman 1Link, and senior officials of SBP, FBR, and Customs.
The special advisor on Revenue, while launching the system, congratulated everyone involved and was optimistic that the system will encourage more businessmen to pay and file their taxes. He added that transparency of the system will increase along with Pakistan’s reputation of World Bank’s “Ease of doing business index.”
He further added that SBP is working with provinces to launch the system for provincial tax collection also. The government will also work to eliminate cheque system from government payments and switch completely to a credit system, SBP chairman said.