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MoU signed for single portal, returns for GST on goods, services
National
April 8, 2021
ISLAMABAD: In a major development for fulfilling the World Bank’s conditions, the Federal Board of Revenue (FBR) and the four provincial revenue authorities have signed a Memorandum of Understanding (MoU) for moving towards placing a single portal/returns for General Sales Tax (GST) on both goods and services.
Now only three differences still exist among the FBR and the provinces, including the definition of services, origin, and destination of services and all stakeholders reiterated that these issues would be resolved amicably. It was a milestone achieved today among the FBR and the provinces for introducing a single GST return on goods and services, they said.
Businesses to file only one sales tax return
FBR, provincial revenue authorities sign MoU for single web portal
TRIBUNE CREATIVE
ISLAMABAD:
The Federal Board of Revenue (FBR) and all provincial revenue authorities have signed a memorandum of understanding (MoU) for a single sales tax return and single web portal.
Speaking on the occasion, Special Assistant to Prime Minister on Revenue Dr Waqar Masood Khan said that the signing of the document was another step towards achieving the prime minister’s vision of making the FBR fully automated.
“This development will facilitate taxpayers and help improve country’s position on the Ease of Doing Business Index,” he added.
FBR, provincial revenue authorities sign MoU for single tax return
Published On
On behalf of FBR, the MoU was signed by Chairman FBR, M. Javed Ghani
ISLAMABAD (APP) - Federal Board of Revenue (FBR) and all the four provincial revenue authorities Wednesday signed a Memorandum of Understanding (MOU) for a single sales tax return and single web portal.
According to an FBR press statement issued here, the signing of the MOU was one of the most significant components of harmonization of sales tax initiative currently underway between the Federation and the provinces.
On behalf of FBR, the MoU was signed by Chairman FBR, M. Javed Ghani whereas the heads of all provincial revenue authorities signed the document on behalf of their respective departments.
FBR, four provincial revenue bodies sign MoU thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.