{"id":55834,"date":"2019-10-02T12:59:35","date_gmt":"2019-10-02T07:59:35","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=55834"},"modified":"2019-10-02T14:16:55","modified_gmt":"2019-10-02T09:16:55","slug":"fbr-broaden-tax-base-mega-retailers-using-pos-system","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-broaden-tax-base-mega-retailers-using-pos-system.html","title":{"rendered":"FBR to broaden tax base to mega-retailers using POS system"},"content":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has announced its decision to issue new rules to bring mega-retailers and shopping malls into the tax net through the point of sale (POS) system, according to the news sources.<\/p>\n<p>In a bid to increase the tax revenue, FBR will install computerised machines at mega retail stores and shopping malls, and link them with the department\u2019s own system to prevent tax evasion that could amount to billions.<\/p>\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-invites-traders-dialogue-ahead-sep-30-deadline.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR invites traders for dialogue ahead of Sep 30 deadline<\/a><\/p>\n<p>Initially, this scheme will be launched in posh areas, along with a gift scheme for customers who get computerised receipts through these machines as an added incentive.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-proposes-schemes-bring-retailers-into-tax-net.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR proposes schemes to bring retailers into tax net<\/a><\/p>\n<p>The department has already forwarded rules to bring mega retail brands and <a href=\"https:\/\/www.zameen.com\/news\/shops-with-1000-sq-ft-area-taxed-under-new-gst-rate.html\" target=\"_blank\" rel=\"noopener noreferrer\">shopping malls with an area of 1,000 sq ft<\/a> and more, to the Ministry of Law for approval. Included in these rules is the condition of computerised national identity card (CNIC), which FBR assures isn\u2019t applicable on small retailers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has announced its decision to issue new rules to bring mega-retailers and shopping malls into the tax net through the point of sale (POS) system, according to the news sources. In a bid to increase the tax revenue, FBR will install computerised machines at mega retail stores and shopping malls, and link them with the department\u2019s own system to prevent tax evasion that could amount to billions. Read: FBR invites traders for dialogue ahead of Sep 30 deadline Initially, this scheme will be launched in posh areas, along with a gift scheme for customers who get computerised receipts through these machines as an added incentive. Read:\u00a0FBR proposes schemes to bring retailers into tax net The department has already forwarded rules to bring mega retail brands and shopping malls with an area of 1,000 sq ft and more, to the Ministry of Law for approval. Included in these rules is the condition of computerised national identity card (CNIC), which FBR assures isn\u2019t applicable on small retailers.<\/p>\n","protected":false},"author":75,"featured_media":22258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[13242],"persona":[],"class_list":{"0":"post-55834","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-fbr-to-broaden-tax-base-to-mega-retailers-using-pos-system"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR to broaden tax base to mega-retailers using POS system - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has announced its decision to issue new rules to bring mega-retailers and shopping malls into the tax net\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-broaden-tax-base-mega-retailers-using-pos-system.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR to broaden tax base to mega-retailers using POS system - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has announced its decision to issue new rules to bring mega-retailers and shopping malls into the tax net\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-broaden-tax-base-mega-retailers-using-pos-system.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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