Primary system set up to transfer tax refunds to bank accounts: FBR spokesperson

ISLAMABAD: The Federal Board of Revenue (FBR) has set up a primary system to transfer tax refunds to bank accounts, its spokesperson said Wednesday.

According to the FBR spokesperson, all taxpayers should update their IRIS profiles and provide their bank accounts and associated IBAN numbers. Returns for sales and income taxes, as well as federal excise duty, would be sent via checks directly to the bank accounts, the spokesperson added.

A system has been set up in exporters' bank accounts for online payment of the customs duty drawback,the spokesperson said, adding that exporters should provide bank accounts and associated IBAN numbers in their profiles.