FBR issues SOPs for over-ruling objections on refund claims

 FBR has released Sales tax Circular No 01 of 2020 / IR-Operation to introduce the Standard Procedure for over-Roll the STARR to challenge tax refund claims.


The FBR said bringing about uniformity in the system, and avoiding misunderstandings and delays in the process of reimbursement is necessary to issue policy rules at the national level.


Therefore, in the pressure of all previous directives, SOPs and guidelines on this matter, a new procedure has been put in place. Under the procedure a police officer under the rank of additional commissioner-IR will oversee complaints raised by the technical system after finalizing all official details and reviewing the opposition record.


The FBR has released details of the protest which is usually displayed electronically where the police officer can rule.


FBR, however, said the investor would provide soft copies of all conflicting scanned documents that required a decision.


The financial institution also stated that where, as a result of the automatic operation of FASTER or ERS refund claims, defendants who are dissatisfied with the automated effect of calculating refunds or forwarding prices or reduced amounts, the plaintiff may apply to FBR through the relevant commissioner to process or reimbursement. appendix review - H states reason.


After considering the plaintiff's written request, the Officer (Projects and Refunds) may approve the claim or update Annexure-H to rectify other relevant details.


The FBR said the decision-making process used came into effect from August 01, 2020.

Source: https://pkrevenue.com/fbr-issues-sops-for-over-ruling-objections-on-refund-claims/

Also Read:
How to become filer
Income tax calculator Pakistan
Income tax rates Pakistan
quotes on nature
It outsourcing service


Comments

Post a Comment

Popular posts from this blog

FBR notifies rules to launch authorized economic operator program

  ISLAMABAD: Federal Board of Revenue (FBR) has notified rules to launch Authorized Economic Operator (AEO) program to improve trade and business environment in the country. The AEO was launched by inserting Section 212A was inserted in the Customs Act, 1969 through the Finance Act, 2018. The FBR now issued AEO rules vide SRO 798 (I) /2020 dated August 28, 2020. FBR has also constituted AEO Approval Committee in this regard which is finalizing the request of applicants. Software for business process and WeBOC modules for AEO programme has already been developed and is ready for launch at present. The FBR intend to start Pilot project of the AEO programme at MCC Port Qasim (Exports) Karachi in October, 2020, which will be later on extended to import sector as well. The World Customs Organization’s (WCO) Authorized Economic Operator (AEO) Programme is one of the pillars of WCO’s Framework of Standards to secure and facilitate trade (SAFE). The programme is widely acknowledged as a key dr
Read more

How Overseas Pakistani can become tax filer

Image
If you're a citizen of Pakistan residing in an exceedingly foreign country, you may have some queries relating to filing your tax returns. Or even you would like to know if you'll become a tax filer, to start with. Whereas the prospect of handling taxes could appear overwhelming to some, the method through that overseas Pakistanis become tax filers is sort of easy. Before we have a tendency to discuss however Pakistani expats will file tax returns from the comfort of their homes, let’s address a number of common misconceptions and queries you may have. Do Overseas Pakistanis Have to File Taxes? The simple answer is yes, overseas Pakistanis ought to file taxes. However, they're solely taxed on their Pakistan-sourced income. Taxation in Pakistan, very like in different countries, relies on an individual’s residential status rather than their position. Previously, someone was thought-about a tax resident if they keep within the country for a period of 183 days (or lo
Read more

Withholding tax rates on payment for goods and services during Tax Year 2019

The following are the rates reserved are used when the cost of the goods and services under section 153 of the Income Tax Ordinance, 2001. Under this section the agent could not be imposed under the law to collect withholding tax, and the establishment of a permanent human Pakistan separately at the time that the money paid. Withholding tax rates under Section 153 (I) (a): Sale kwelayisi, cotton seed oil and the oil for food percent tax should be 1.5 per cent of the value of perfection. Purchase by consumer ngabasabalalisi sellers to leave early will be two percent of the total amount if the company inamaphesenti 2.5% of the total amount if not the company. To the sale of any other goods: (I) in the case of a company to file return of income will suffer four percent and the tax deducted will be 8 percent non-files. (Ii) In the case of other companies, the tax filer will be 4.5 percent 9 percent of non-files. The FBR that no investor tax when payment is less than Rs75,000 consolidation
Read more