KARACHI: The Federal Board of Revenue (FBR) has decided to make a single returns filing and tax payment system.
However, the provincial revenue authorities are not yet willing to adopt the new system. The revenue authority of Khyber Pakhtunkhwa has developed its own tax collection system. However, Sindh and Punjab are ready to adopt this system.
At present, taxpayers have to deal with five revenue authorities, including one federal and four provincial, for payment of duty and taxes and filing their monthly sales tax returns. The official said once the provinces are ready for data synchronisation, a single return form will be developed and the taxpayers will only select the authority for payment and filing of returns.
