FBR launches ePayment 2.0 to simplify tax payments in Pakistan

News Image

By MG News | Category Economy | November 13, 2024 at 03:37 PM GMT+05:00

0:00

November 13, 2024 (MLN): The Federal Board of Revenue (FBR) has introduced the new payment creation system, ePayment 2.0, available within the IRIS 2.0 portal, an advanced platform designed to simplify tax payment processes for taxpayers across Pakistan.

Guided by the vision of the Government to modernize Pakistan’s tax infrastructure, FBR is reinforcing its commitment to advancing tax administration and enhancing revenue collection through advanced digital solutions.

As part of this progressive approach, this innovative system enables secure, efficient, and user-friendly online payments, accessible directly from taxpayers' bank accounts via internet banking, ATMs, and mobile banking, eliminating the need for physical bank visits.

ePayment 2.0 marks a significant advancement in revenue management, covering a wide range of taxes, including Income Tax, Sales Tax, Federal Excise Duty, and Withholding Taxes.

Previously, taxpayers used a separate ePayment system outside IRIS 2.0, requiring them to switch between portals.

Now, with ePayment 2.0, FBR has provided a unified and improved user interface accessible directly within IRIS 2.0.

By generating a unique Payment Slip ID (PSID), it enables quick and convenient payments for both registered and unregistered taxpayers.

Upon payment completion, a Computerized Payment Receipt (CPR) is issued via email and SMS, providing official confirmation and easy access for future use within the IRIS 2.0 system.

Through a secure, precise multi-step workflow, the system allows taxpayers to generate a PSID, complete payment through ADC channels and receive a Computerized Payment Receipt (CPR) in real-time, accessible for future compliance needs within IRIS.

To enhance transparency and accountability, it includes comprehensive PSID search feature, allowing taxpayers to easily retrieve and confirm payment records.

This level of automation and integration minimizes errors and delays, significantly improving the tax payment experience and supporting FBR’s vision for a business-friendly compliant tax environment.

Aisha Farooq, Director General (IT&DT) inaugurated the ePayment System at PRAL Headquarters in Islamabad.

Her presence underscored the strategic importance of this digital advancement in FBR’s ongoing modernization initiatives, emphasizing the system’s role in enhancing taxpayer convenience and operational efficiency.

This is yet another groundbreaking innovation that solidifies FBR's leadership in digital tax administration. With the introduction of ePayment 2.0, FBR has not only simplified the tax payment process but also unified it within the IRIS 2.0 platform, providing taxpayers with a seamless, enhanced experience.

This integrated system eliminates the need for multiple logins and platform switches, offering a single, cohesive interface that is both intuitive and efficient.

Taxpayers now benefit from a streamlined process that brings all essential tax payment functions under one roof, making compliance more accessible and convenient than ever.

By prioritizing user experience through a modernized, consolidated interface, FBR reaffirms its commitment to supporting taxpayers and fostering a more efficient, digitally progressive Pakistan.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 121,641.00
407.56M
-0.13%
-157.87
ALLSHR 75,951.71
854.04M
-0.10%
-76.82
KSE30 36,827.89
67.82M
-0.42%
-156.03
KMI30 181,199.42
117.76M
-0.38%
-696.40
KMIALLSHR 52,088.08
592.55M
-0.27%
-143.41
BKTi 29,808.04
22.21M
-0.83%
-249.97
OGTi 27,075.99
4.68M
-0.75%
-203.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,635.00 105,940.00
101,390.00
3420.00
3.35%
BRENT CRUDE 66.53 66.58
64.80
1.19
1.82%
RICHARDS BAY COAL MONTHLY 90.00 90.75
90.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 101.80 102.40
101.00
1.25
1.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.67 64.72
62.82
1.30
2.05%
SUGAR #11 WORLD 16.42 16.59
16.32
-0.15
-0.91%

Chart of the Day


Latest News
June 05, 2025 at 10:09 PM GMT+05:00

Trump, Xi speak on trade, agree to ongoing talks


June 05, 2025 at 09:29 PM GMT+05:00

SBP revises regulations to support SMEs



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg