KARACHI: In line with the Government’s desire to facilitate the taxpayers, the Federal Board of Revenue (FBR) has prepared an online single/common sales tax portal/return which will cater for the requirements of FBR as well as all the provincial sales tax authorities.
This will enable registered persons to file only one monthly sales tax return, instead of separate returns to each authority every month.
The single sales tax return will automatically allocate input tax, output tax, payable sales tax and other data to the relevant sales tax authorities. Furthermore, the platform is also being moved from ITMS to IRIS.
The portal is to be launched by the end of November 2021. Therefore, it is necessary at this stage to familiarize the users. For this purpose, an introductory session has been scheduled on Tuesday 23 November through Zoom, where the participants will be briefed and given a demo of the single return.