- FBR issues Rs20 billion in sales tax refund claims to exporters
- Exporters have faced liquidity crunch due to stuck up refunds
- There is a concern about fake/flying invoices amounting to Rs3,000 billion
- FBR has been meeting IMF requirements for revenue collection and refunds
- FBR cleared Rs65 billion in pending refunds and another Rs20 billion recently
- FBR met March 2024 revenue target of Rs879 billion
- FBR needs to collect Rs2,705 billion in the last quarter to achieve annual target of Rs9,415 billion by June 30, 2024
- IMF and FBR have readjusted monthly targets for the last quarter, with a focus on June 2024 revenue collection.
Source: thenews.com.pk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Pakistan"
- Pakistan Customs Aims for 80% Green Channel Clearance to Boost Trade Efficiency
- PCDMA Criticizes FBR for Rushed E-Invoicing Rollout Lacking Training and Infrastructure
- FBR Overhauls Customs Audit Framework to Enhance Compliance and Transparency in Pakistan
- FBR Enforces Penalties for Non-Compliance with Digital Invoice Regulations in Pakistan
- FBR Clarifies No Notice Needed for Sales Tax Recovery Under Section 11A, Effective 2025
