Pakistan Revenue
ISLAMABAD: Federal Board of Revenue (FBR) has said that only one rupee will be collected by retailers of Point of Sale (POS) as service charge on the total amount of each invoice. The FBR strongly rebutted the malicious disinformation campaign being spread on social media against the proposed Service Charge of Re1 to be collected […]
Continue Reading
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday authorized Inland Revenue Enforcement Network (IREN) to petrol the retail outlets to check sales tax evasion. The FBR issued SRO 1063(I)/2021 to amend Sales Tax Rules, 2006. Through the rules, the FBR established IREN and authorized the body to check and verify any of the eventualities. […]
Continue Reading
KARACHI: The Tier-1 retailers will collect one rupee from customers against issuance of invoice from their point of sale (POS) machine.
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) on Monday launched prize scheme for customers of retailers, who integrated their sales through Point of Sales (POS) with the tax system. The FBR issued SRO 1005(I)/2021 for launching the prize scheme for customers of tier-1 retailers, who have integrated their retail outlets with the FBR computerized system for […]
Continue Reading
ISLAMABAD: Finance Minister Shaukat Tarin on Monday reiterated the government’s resolve to take stern action against tax evaders, who are not willing to be part of the tax net. The finance minister said this while chairing a steering meeting to review progress on broadening of tax base and integration of retailers into Point of Sales […]
Continue Reading
ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin on Tuesday directed the tax authorities to ensure effective tracking progress of installed Point of Sale (POS) machines and provide post deployment support to the retailers. He further directed to determine the total volume of sales by retailers to effectively tap the revenue generation through POS system […]
Continue Reading
KARACHI: Metro Pakistan, a leading chain of stores, has integrated its sales with the Federal Board of Revenue (FBR) for real-time monitoring of transactions. A statement said on Tuesday said that METRO Pakistan in collaboration with the FBR, has completed integration of all its Point of Sales (POS) with the latest Electronic Device System (EDS) […]
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) on Friday extended date for retailers to integrate their Point of Sale (POS) up to August 31, 2020. The last date for integrating the POS for Tier-1 retailers was June 30, 2020. The FBR said that only those retailers can integrate their POS by August 31 who submit their […]
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday extended the date for integration of Point of Sale (POS) by high volume retailers up to June 30, 2020. The last date for integrating the POS for Tier-1 retailers was April 30, 2020. The FBR said that only those retailers can integrate their POS by June 30 […]
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) has allowed big retailers to integrate their point of sale (POS) with FBR’s online system by March 31, 2020 in order to avoid legal action. The FBR on Monday extended the date of online integration of Tier-1 retailers. The FBR said that it had condoned the time limit as […]
Continue Reading