Taxation

Refunds through bonds: FBR to assess number of claimants

Federal Board of Revenue (FBR) Chairman Mohammad Jehanzeb Khan Tuesday said that the FBR will assess the number of sales tax refund claimants, who have chosen the option to avail sales tax refunds through bonds.

On the conclusion of the Public Accounts Committee (PAC) meeting here at the Parliament House on Tuesday, he told Business Recorder that under the first phase, refund claimants have applied to the FBR for sales tax refund bonds. Those who have chosen for the option by March 25 would be issued bonds. The remaining would be issued bonds in the next phase. The refund payment through promissory notes will commence by April 2019.

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