In a significant escalation of its enforcement measures, the Federal Board of Revenue (FBR) in Pakistan has mandated that all registered businesses, including textile spinning units, must integrate with a digital tax system within one week. This directive includes the implementation of Point of Sale (POS) systems and CCTV recording, aimed at enhancing real-time electronic reporting and expanding the tax net across various sectors, including hotels, medical clinics, and educational institutions. Approximately 300 out of 421 registered spinning units are operational and face severe penalties for non-compliance, including import embargoes and sealing of business premises. The FBR's commitment to improving compliance and revenue collection is evident as it continues to target non-compliant textile spinning units that must also adopt the 'digital eye' system to monitor undocumented cotton bales.
ECONOMY
FBR Mandates Digital Tax Compliance for Textile Units in Pakistan

Pakistan's FBR mandates digital tax compliance for businesses, targeting textile units. It also plans to auction Bahria Town land to recover PKR 26 billion in unpaid taxes, enhancing revenue efforts.
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