SBP advises working groups to address taxation issues : vima

SBP advises working groups to address taxation issues


SBP advises working groups to address taxation issues
Business
April 1, 2021
KARACHI: The State Bank of Pakistan (SBP) on Wednesday advised the formation of working groups to address specific issues related to taxation in digital financial services, integration of government agencies with instant payment system and the availability of seamless internet connectivity across the country.
In the fourth stakeholders’ meeting on digital financial ecosystem, SBP Governor Reza Baqir called for critical review of the digital bank regulatory framework proposed to promote online financial transactions.
Baqir encouraged stakeholders to critically review the framework and share their feedback to enable improvements. He also informed stakeholders of progress made towards concluding charges for inter-bank funds transfers.

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