At present, six tax authorities are operating in the country and receiving sales tax returns separately. “The FBR intends to activate the single sales tax portal/ return for sales tax returns, while the prime minister has been requested to formally inaugurate the single sales tax portal, most probably on December 28, 2021,” according to the FBR’s meeting with the provinces on December 15. The single tax portal is aimed at facilitating taxpayers to file single monthly sales tax return instead of multiple returns (six) on various portals, which will significantly reduce the time and cost of compliance. The single sales tax portal is extremely important for ease of doing business and resolution of interprovincial issues, said Punjab Revenue Authority Chairman Zainulabidin Sahi. He was asked to comment whether it was correct that the Prime Minister would launch the single sales tax portal on December 28 to enable taxpayers to file single monthly sales tax returns instead of multiple returns.

Source: The Express Tribune December 26, 2021 09:37 UTC