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FBR releases refunds worth Rs5.5b under automated system

FBR releases refunds worth Rs5.5b under automated system

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi on Wednesday said that FBR has released refunds worth Rs5.5 billion under the fully automated faster system.

The FBR chairman in a tweet said the most important change in paradigm is that such refunds have been issued under fully automated, impersonal, harassment and corruption-free system.

Earlier, on December 2,  FBR Chairman Syed Shabbar Zaidi reiterated every person owning a car above 1000 cc and a house measuring 500 square yards or above is required to file tax returns.

“FBR reiterates that every person owning a car above 1000 cc and a house measuring 500 sq. yards or above is mandatorily required to file a return of income irrespective of having any taxable income during the year,” he tweeted.“Penal actions will be taken against delinquents. Avail extension,” he added.