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FBR asks taxpayers to provide IBAN for direct refund payment transfer

FBR asks taxpayers to provide IBAN for direct refund payment transfer

ISLAMABAD: Federal Board of Revenue (FBR) asked taxpayers to provide IBAN of their bank accounts for receiving refund payment through online system.

FBR spokesman said that the tax body had devised a centralized system of online payment of Sales Tax, FED and Income Tax refunds directly in the bank account of the taxpayers. For this purpose, FBR has requested the taxpayers to update their IRIS profile.

In the given bank account details area in the system, IBAN detail row is added wherein taxpayers are required to add their complete Bank’s IBAN number of same Bank Account whose details are already available in IRIS profile to receive Sales Tax, FED and Income Tax refund cheques.

FBR has advised the taxpayers to do the needful as soon as possible to avail electronic transfer facility.

Likewise, FBR has also required from the exporters to update their WEBOC profile and provide IBAN of the same Bank Account whose details are already available in WEBOC profile of the exporters to receive Custom Duty Drawback.

FBR has required the information to be provided as soon as possible to avail electronic transfer facility for Customs Duty Drawback payments.