The Federal Board of Revenue (FBR) in Pakistan has taken significant steps to enhance tax compliance and collection in the retail and e-commerce sectors. According to TechJuice, the FBR has successfully connected 11,141 large retailers to its Point of Sale (POS) system, which is a major advancement in digital monitoring of sales tax. This integration enables retailers to directly transmit sales data to the FBR, thereby expanding the tax base and improving compliance across the country's retail sector. The initiative is seen as a 'major step' towards strengthening the digital infrastructure for tax collection, reflecting a positive sentiment towards the government's efforts in modernizing tax systems.
TAXATION
FBR Connects Retailers to New Point of Sale Tax System
Pakistan's FBR enhances tax compliance by connecting 11,141 retailers to POS systems and requiring e-commerce platforms to withhold sales tax, boosting transparency and expanding the tax base.
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TechJuice
Updated 9h agoPR