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Thursday November 21, 2024

FBR launches ePayment 2.0 to simplify tax payment

Aisha Farooq, Director General IT&DT, inaugurates ePayment system at PRAL Headquarters in Islamabad

By Our Correspondent
November 14, 2024
FBR officials seen in a group photo at the launching of the new ePayment 2.0 system by FBR on Noivember 13, 2024.— Facebook@FederalBoradRevenue
FBR officials seen in a group photo at the launching of the new ePayment 2.0 system by FBR on Noivember 13, 2024.— Facebook@FederalBoradRevenue

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced the new payment creation system, ePayment 2.0, at its IRIS 2.0 portal, to simplify tax payment processes for taxpayers across the country.

A statement, issued by the FBR here on Wednesday, said the innovative system enables secure, efficient, and user-friendly online payments, accessible directly from taxpayers’ bank accounts via internet banking, ATMs, and mobile banking, eliminating the need for physical bank visits. It marks a significant advancement in revenue management, covering a wide range of taxes, including Income Tax, Sales Tax, Federal Excise Duty, and Withholding Taxes. Previously, taxpayers used a separate ePayment system outside IRIS 2.0, requiring them to switch between portals. Now, with ePayment 2.0, the FBR has provided a unified and improved user interface accessible directly within IRIS 2.0. By generating a unique Payment Slip ID (PSID), it enables quick and convenient payments for both registered and unregistered taxpayers. Upon payment completion, a Computerized Payment Receipt (CPR) is issued via email and SMS, providing official confirmation and easy access for future use within the IRIS 2.0 system.

Through a secure, precise multi-step workflow, the system allows taxpayers to generate a PSID, complete payment through ADC channels and receive a Computerized Payment Receipt (CPR) in real-time, accessible for future compliance needs within IRIS. To enhance transparency and accountability, it includes comprehensive PSID search feature, allowing taxpayers to easily retrieve and confirm payment records. This level of automation and integration minimises errors and delays, significantly improving the tax payment experience and supporting FBR’s vision for a business-friendly compliant tax environment.

Ms. Aisha Farooq, Director General IT&DT, inaugurated the ePayment system at PRAL Headquarters in Islamabad.