Ref. No. PHMA/Cir-086/2016
TO ALL MEMBERS OF THE ASSOCIATION
URGENT & IMPORTANT
UPDATE IBAN NUMBER IN YOUR SALES TAX PROFILE
TO GET THE SALES TAX REFUND PAYMENTS THROUGH NEW ONLINE SYSTEM
We are pleased to inform to all our valued members that Finance Minister
Ishaq Dar announced that pending refund up till June 2016 of which RPO has
issued of the entire export sector - Rs 25 billion - would be transferred
online to exporters'' accounts in next seven days and State Bank of Pakistan
(SBP) would transfer the amount to the exporters'' accounts on behalf of
Federal Board of Revenue (FBR).
Sales Tax Refund Claimants are required to update their 24 digit IBAN Bank Accounts number for Direct Credit of Sales Tax Refunds. (IBAN Account number is mentioned on cheque books). Guidelines of how add IBAN attached.
From 3rd November, 2016, SBP will issue payment through new system.
Therefore members are advised to update the IBAN number in your Sales Tax Profile at www.e.fbr.gov.pk latest by today morning to get the Sales Tax Refund payments through new online system otherwise payments would not be received.
Thanks & Best Regards,