The Payments of tax nearly to be Made through ATMs, Online Banking

Tax-payment-by-ATMs

Payments of tax through ATMs, Online Banking:

The facility would be available round the clock, 7 days a week. As per the proposed mechanism the banks will add FBR (Inland Revenue) and FBR (Customs) as billers in the Billers Module and develop necessary interface with 1-Link. After the system is made operational, the tax payers/importers will fill their tax and customs duty payment details in the FBR (IRS) and Customs (WeBOC) online modules to generate payment slip ID (PSID). The PSID will then be used to access the tax/duty payment details on banks’ webpage or ATM as the case may be. The taxpayer or their agent will then pay the tax by debiting his/her bank account for onward credit to the respective government account in SBP BSC. The whole process will be online and fully automated.

The SBP has also advised banks to add FBR and Customs as billers in the bill payment system offered by 1-Link and develop necessary integration with 1-Link within 2 months i.e. by 5th December 2017. The system will be made operational by 31st December 2017 after necessary testing. The banks have been advised to demonstrate full ownership and commitment for successful and timely implementation of this strategically important project, which will bring huge efficiency gains besides facilitating the public in hassle free payment of government taxes and duties.

The State Bank of Pakistan, the Federal Board of Revenue and 1-Link signed an agreement in Islamabad on Monday to develop a mechanism enabling public to pay FBR taxes and customs duty using Internet banking or ATMs.

The signing ceremony was chaired by Finance Minister Muhammad Ishaq Dar. Adviser to the Prime Minister on Revenue Haroon Akhtar Khan was also present in the ceremony.

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