MULTAN: The Federal Board of Revenue will introduce the 9th module of IRIS software for the collection of withholding taxes on August 30.
Director General Withholding Tax Federal Board of Revenue Shaukat Mehmood spoke about different features of the new module of IRIS software during a training workshop. Tax agents from various departments attended the training session.
He told that FBR is going to make the job of tax agents simple after the introduction of this new software. New module of IRIS will facilitate taxpayers and this is ideal system for tax agents for the collection of withholding taxes.
He addressed the few features of new module of IRIS software which will assist the Federal Board of Revenue for the collection of withholding taxes and curb tax evasions by sending receipts of their withholding taxes in nonpayer’s account. He told that new module for the withholding tax agents introduced from 30th August and it will be operational from Monday.
Director General Shaukat Mehmood gave a comprehensive presentation on the roles and responsibilities of withholding agents in the system of tax collection and highlighted and discussed the laws and provisions concerning withholding tax agents.
If the tax agents are not aware with implemented tax rates then they need to enter the tax category the automated software will determine their taxes. This newly automated software will give eliminate the issues of tax agents for the exemptions of withholding taxes of taxpayers by entering their national tax number in the system.
Chief Commissioner RTO Multan Hafiz Muhammad Jamil Owaisi, Commissioner Special Zone Ahmad Shuja Khan, Commissioner Multan Zone Zubair Bilal, Commissioner Withholding Tax Yasir Ali Khan and Additional Commissioner Shahid Sattar were also attending the workshop on withholding tax at the Regional Tax Office Multan.
