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Dar reviews process for sales tax refunds

ISLAMABAD, August 20 (DNA): The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting on Saturday at the Finance Division with the Federal Board of Revenue (FBR) to review the process for sales tax refunds promised in budget 2016.Special Assistance to the Prime Minister on Revenue Haroon Akhtar and Chairman FBR discussed with the minister the current position of the sales tax refunds and their breakup in different sectors.

It was decided that those claims in respect of which refund payment orders (RPO) had been issued till April 30th 2016 would be finalized by 23rd August 2016. Claims where RPOs were issued up to 30th June 2016 would be considered and finalized later.

The Finance Minister directed that every effort should be made to facilitate the business community, including exporters. He expressed the hope that finalization of sales tax refunds would help in increasing the business activity in the country.The meeting was also attended by senior officials of Federal Board of Revenue and Ministry of Finance. DNA


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