Banking

SBP asks banks for collection of taxes

Karachi, March 22, 2019: The State Bank of Pakistan has advised to share these instructions with all your branches across the country with the advice to ensure meticulous compliance and facilitate the taxpayers in payment of taxes and duties under the 1Link’s OTC facility.

The banks are required to enable their Over-the-Counter (OTC) Channel for collection of taxes and duties. Complaints are pouring in from different quarters, regarding non-entertaining of tax payment requests through banks’ OTC Channel.

Federal Board of Revenue (FBR) has formally launched a complaint that PSIDs generated by WeBOC system for payment of customs duty and other taxes especially the levy on Mobile devices are not being entertained, by the bank branches.

In view of the above, all banks were advised vide email dated 15th March 2019 to improve their customer services in facilitating taxpayers with due courtesy.Despite the above-referred instructions, there is no visible improvement, as complaints from different quarters are still landing with us.

It is therefore advised to share these instructions with all your branches across the country with the advice to ensure meticulous compliance and facilitate the taxpayers in payment of taxes and duties under the 1Link’s OTC facility.

The branches will also prominently display on their respective Notice Boards that “Taxes and Duties are accepted here under the 1Link’s OTC facility”.

Further, banks shall also ensure that the branch staff has adequate understanding of the mechanism for collection of taxes and duties under the said facility.

The banks will inform SBP within 3 working days of the date of circular i.e. 27th March 2019 that these instructions have been communicated to all their branches for meticulous compliance and that the Notice Boards of branches are prominently displaying the message that “Taxes and Duties are accepted here under the 1Link’s OTC facility.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close