5 Telecom Giants Filing Taxes on Single Sales Tax Return Portal of FBR
Now, five of Pakistan’s major telecom companies are regularly filing their taxes through the Single Sales Tax Return (SSTR) portal of the Federal Board of Revenue. This is going to simplify the tax process and cut compliance costs for the taxpayers It is going to encourage ease of doing business as well.
FBR launched Single. Sales Tax Return Portal on 1st February 2024, wherein telecom companies can file taxes across the entire country in a single window. FBR in partnership with the Provincial Tax Administrations designed it with the objective of proper tax filing.
The five operators currently using it are Pakistan Telecommunication Company Ltd, Pakistan Mobile Communications Limited, or Jazz, Telenor Pakistan Ltd, and others.
Pak Telecommunication Mobile Ltd (Ufone)
China Mobile Pakistan (Zong)
The aforementioned companies since February 2024 have submitted tax returns to the SSTR portal for the provinces of Pakistan.
To effectively execute this step, FBR has established a Single Portal Committee which comprises the representation of the members from the both. FBR and provincial tax authorities. Furthermore, the government is in discussions with other sectors around the country as well to make this system an effective entity.
With the help of Single. Sales Tax Return portal, telecom companies are able. to make their taxes by reducing complexity when dealing with more than one tax system across provinces.
