FBR establishes Single Portal Committee to streamline sales tax returns in the telecom industry

The FBR has taken a significant step forward by setting up a dedicated committee to ease the introduction of a Single Portal for filing Sales Tax Returns (STR) in the telecom sector, as per a news article on December 21.

Read: FBR Uncovers Withholding Tax Evasion In The Property Sector

As per the specifics, the FBR announced the formation of the Single Portal Committee (SPC) for implementing a unified Single Sales Tax Return (SSTR) system across all areas through an issued notification. This action aligns with decisions from a recent Tax Round Table Meeting held in the federal capital, involving active participation from FBR members and representatives from four provincial revenue authorities.

Comprising key figures like the FBR Chief (Provincial Taxes) and Chief (Systems), along with representatives from provincial revenue authorities such as Punjab Revenue Authority (PRA), Sindh Revenue Board (SRB), Khyber Pakhtunkhwa Revenue Authority (KPRA), and Balochistan Revenue Authority (BRA) Advisor, this committee’s aim is to streamline the STR process and boost operational efficiency across diverse tax areas.

Read: FBR Makes Sales Tax Payment License Mandatory For All Retailers

Moreover, the committee members will receive assistance from the FBR Pakistan Raises Revenue Program Office (HQ) in Islamabad, involving coordination, communication, and scheduling meetings as needed by the committee. Furthermore, the establishment of this committee represents a collective effort to simplify and enhance sales tax return procedures within the telecom sector for improved ease and efficiency.

Stay tuned with RBS for more updates.

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