Updated Definition of Tier-1 Retailers for Tax Year 2023-24 in Pakistan
As the tax landscape evolves, tax authorities in Pakistan have recently issued an updated definition of Tier-1 retailers for the Tax Year 2023-24.
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Tag: Tier-I
Sales Tax Rate Increased to 15% for Tier-1 Retailers of Textile Products
Karachi, July 22, 2023 – In a move aimed at generating additional revenue and streamlining the tax structure, the Federal Board of Revenue (FBR) has announced an enhancement in the sales tax rate for Tier-1 retailers of finished fabrics and articles of textile leather, among other materials.
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Tax Concession to Retailers Termed as Politically Motivated
Karachi, June 18, 2023 – The tax concession provided to retailers and jewelers through the Finance Bill, 2023 has come under scrutiny, with critics arguing that it is aimed at appeasing certain political groups in light of the upcoming general elections.
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FBR nets 96 big retailers for POS integration
ISLAMABAD: Federal Board of Revenue (FBR) on Friday identified 96 big retailers for mandatory integration with Point of Sale (POS) system.
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FBR issues warning to retailers for not providing online access
KARACHI: Federal Board of Revenue (FBR) issues warning to retailers of large entities for not providing online access to sales and purchases.
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FBR issues list of 60 retailers for mandatory tax integration
ISLAMABAD: Federal Board of Revenue (FBR) Tuesday issued a list of 60 big retailers for a mandatory integration under sales tax laws.
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FBR detects big retailers for online integration of transactions
ISLAMABAD: Federal Board of Revenue (FBR) has detected about 89 big retailers for a compulsory integration of their transactions. FBR in this regard issued Sales Tax General Order (STGO) No. 05 of 2023 for Tier-1 retailers to integrate their businesses with the FBR’s Point of Sale (POS) System. According to Sales Tax Act, 1990 updated […]
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FBR halts POS prize scheme
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday halted the issuance of prizes through computerized balloting of invoices issued by point of sale (POS) of Tier-1 retailers. The FBR suspended the draw that was to be held on November 15, 2022. The prize scheme was continuously held since its first draw on January 15, 2022. […]
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FBR announces prize winners of 10th POS balloting
ISLAMABAD: Federal Board of Revenue (FBR) on Saturday announced prize winners of 10th balloting of invoices issued by point of sales (POS) of big retailers. According to the FBR, the bumper prize of Rs1,000,000 has been awarded to Muhammad Imran on the invoice issued by Super Drugs. READ MORE: FTO directs stop unlawful recovery from […]
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FBR directs 85 big retailers to integrate businesses
ISLAMABAD: Federal Board of Revenue (FBR) has directed 85 big retailers to integrate their businesses with the Point of Sale (POS) system.
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