Business

Pakistan launches new e-payment system for taxpayers

With ePayment 2.0, the Federal Board of Revenue offers a unified interface directly within IRIS 2.0

Pakistan launches new e-payment system for taxpayers

FBR launches new epayment system

FBR

The Federal Board of Revenue (FBR) has introduced ePayment 2.0, a new payment creation system within the IRIS 2.0 portal, to simplify tax payments for Pakistan’s taxpayers.

This advanced platform enables secure and user-friendly online payments via internet banking, ATMs, and mobile banking, eliminating the need for physical bank visits.

ePayment 2.0 covers a wide range of taxes, including Income Tax, Sales Tax, Federal Excise Duty, and Withholding Taxes. Previously, taxpayers had to switch between separate portals for payments. Now, with ePayment 2.0, FBR offers a unified interface directly within IRIS 2.0.

The system generates a unique Payment Slip ID for quick payments and issues a Computerized Payment Receipt (CPR) via email and SMS.

The system allows real-time PSID generation, payment through ADC channels, and CPR issuance, enhancing transparency and accountability. It also includes a PSID search feature to easily retrieve payment records, reducing errors and delays.

Aisha Farooq, Director General (IT&DT), inaugurated the ePayment System at PRAL Headquarters in Islamabad. She emphasized the system’s role in improving taxpayer convenience and operational efficiency.

This innovation reinforces FBR's leadership in digital tax administration, streamlining tax payments within the IRIS 2.0 platform and making compliance more accessible for taxpayers across Pakistan.

Comments

See what people are discussing

More from Business

Pakistan's inflation to ease to a 6-year low in November 2024

Pakistan's inflation to ease to a 6-year low in November 2024

The CPI is predicted to drop to 4.7% in November 2024, down from 7.2% in October 2024