KARACHI: Federal Board of Revenue (FBR) has redefined Tier-1 retailers for integration of sales on real time basis.
According to revised definition, Tier-1 retailer means a retailer falling in any one or more of the following categories, namely:-
(a) a retailer operating as an unit of a national or international chain of stores;
(b) a retailer operating in an air-conditioned shopping mall, plaza or centre, excluding kiosks;
(c) a retailer whose cumulative electricity bill during the immediately preceding twelve consecutive months exceeds Rupees twelve hundred thousand;
(e) a retailer, whose shop measures one thousand square feet in area or more or two thousand square feet in area or more in the case of retailer of furniture;
(f) a retailer who has acquired point of sale for accepting payment through debit or credit cards from banking companies or any other digital payment service provider authorized by State Bank of Pakistan; and
(h) any other person or class of persons as prescribed by the Board.