Islamabad: The Board of Investment (BOI) recently advised the Federal Board of Revenue (FBR) to link new and existing Special Economic Zones (SEZs) with the Web Based One Customs (WeBOC) system and the Pakistan Single Window (PSW) system — a news source reported. As per the publication, the revenue authority was further asked to submit a report on the matter to Prime Minister (PM) Imran Khan.
The FBR has been asked to issue instructions to the departments
concerned to begin the work of connecting the SEZs to the relevant systems. The
BOI wrote a letter in this regard to the FBR; advising the tax authority to make
arrangements for connecting the special economic zones with the WeBOC and PSW
systems.
In turn, the FBR has revealed that the work on this project is already underway, and that the requisite report is expected to be submitted to the PM Office shortly.
The SEZs are being developed in order to create investment
and employment opportunities by allowing businesses to avail tax incentives and
other financial exemptions.
Similarly, the FBR has also been tasked to introduce a new
model in the Pakistan Revenue Automation Limited’s (PRAL) system. This will allow taxpayers to enter their
credentials and other required data based on their National Tax Numbers (NTNs).
