Seminar on taxes collection thru ADCs.

KARACHI -- A seminar on "Collection of Government Taxes Through Alternative Delivery Channels (ADCs)" was held here at the main Building of the State Bank of Pakistan (SBP), which was participated by SBP and the Customs officers and Representatives from 1Link, Tax Bar and Customs Clearing Agents.

Last year, SBP, Federal Board of Revenue and 1Link Cash Withdrawal facilitating system had launched ADCs tax collection programme to make tax collection system more efficient and easy for taxpayers. ADCs is a facility for collection of government duties and taxes through internet banking, ATMs, Banks' Mobile Applications and Over-the-Counters (OTCs) at banks' branches, informed SBP's Director Finance Departmment, Qadir Bakhsh to the participants.

He said that the Seminar is part of SBP's initiatives to sensitize the taxpayers to the aforesaid facility and address the issues being faced by the stakeholders.

He said this new system would help in documentation of the country's economy besides facilitating/encouraging taxpayers. From 1st January 2020, he said, the Central Bank would pay all services charges to the banks for the collection of the government taxes through e-banking, against the past practice of...