{"id":67595,"date":"2020-07-06T14:19:21","date_gmt":"2020-07-06T09:19:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67595"},"modified":"2020-07-06T14:19:22","modified_gmt":"2020-07-06T09:19:22","slug":"fbr-grants-another-deadline-extension-pos-installation","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-grants-another-deadline-extension-pos-installation.html","title":{"rendered":"FBR grants another deadline extension for POS installation"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) on Friday extended the deadline for point of sales (POS) online tax integration system installations for tier-1 retailers till August 31, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-meets-revised-collection-target-before-fiscal-year-end.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR meets revised collection target before fiscal year end<\/a><\/p>\n\n\n\n<p>To avail the extended deadline, tier-1 retailers will have to furnish their willingness in writing to integrate their POS with the respective regional Large Taxpayers Units (LTU) and tax officers by August 20.<\/p>\n\n\n\n<p>The original deadline for the <a href=\"https:\/\/www.zameen.com\/news\/fbr-offers-tax-incentive-to-top-tier-retailers.html\" target=\"_blank\" rel=\"noreferrer noopener\">POS integration<\/a> with FBR\u2019s system was December 15, 2019, but was extended to March 30, and later to April 30 and June 30 \u2013 in a bid to facilitate the retailers during the coronavirus outbreak in the country and the ensuing lockdown.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-issues-deadline-paying-taxes-assets-declaration-scheme-2019.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR issues deadline for paying taxes under Assets Declaration Scheme 2019<\/a><\/p>\n\n\n\n<p>The FBR has devised a comprehensive strategy to install POS at tier-1 retailers who are, as per some estimation, evading taxes worth billions of rupees. Currently, over 44,000 shops have installed the POS systems \u2013 which FBR hopes to extend to over 16,000 retailers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) on Friday extended the deadline for point of sales (POS) online tax integration system installations for tier-1 retailers till August 31, according to news sources. Read: FBR meets revised collection target before fiscal year end To avail the extended deadline, tier-1 retailers will have to furnish their willingness in writing to integrate their POS with the respective regional Large Taxpayers Units (LTU) and tax officers by August 20. The original deadline for the POS integration with FBR\u2019s system was December 15, 2019, but was extended to March 30, and later to April 30 and June 30 \u2013 in a bid to facilitate the retailers during the coronavirus outbreak in the country and the ensuing lockdown. Read: FBR issues deadline for paying taxes under Assets Declaration Scheme 2019 The FBR has devised a comprehensive strategy to install POS at tier-1 retailers who are, as per some estimation, evading taxes worth billions of rupees. Currently, over 44,000 shops have installed the POS systems \u2013 which FBR hopes to extend to over 16,000 retailers.<\/p>\n","protected":false},"author":75,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[33788,19230,33790,33789],"persona":[],"class_list":{"0":"post-67595","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-grants-another-deadline-extension-for-pos-installation","9":"tag-federal-board-of-revenue-fbr","10":"tag-pos-installation","11":"tag-pos-integration","12":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR grants deadline extension for POS installation - Zameen News<\/title>\n<meta name=\"description\" content=\"Federal Board of Revenue (FBR) extended deadline for point of sales (POS) online tax integration system installations for tier-1 retailers till August 31\" \/>\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-grants-another-deadline-extension-pos-installation.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR grants deadline extension for POS installation - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Federal Board of Revenue (FBR) extended deadline for point of sales (POS) online tax integration system installations for tier-1 retailers till August 31\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-grants-another-deadline-extension-pos-installation.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-06T09:19:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-06T09:19:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR grants deadline extension for POS installation - Zameen News","description":"Federal Board of Revenue (FBR) extended deadline for point of sales (POS) online tax integration system installations for tier-1 retailers till August 31","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-grants-another-deadline-extension-pos-installation.html","og_locale":"en_US","og_type":"article","og_title":"FBR grants deadline extension for POS installation - Zameen News","og_description":"Federal Board of Revenue (FBR) extended deadline for point of sales (POS) online tax integration system installations for tier-1 retailers till August 31","og_url":"https:\/\/www.zameen.com\/news\/fbr-grants-another-deadline-extension-pos-installation.html","og_site_name":"Pakistan Real Estate News &amp; 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