{"id":70669,"date":"2020-09-20T10:00:00","date_gmt":"2020-09-20T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70669"},"modified":"2020-09-18T15:24:59","modified_gmt":"2020-09-18T10:24:59","slug":"fbr-sends-notice-to-56-unregistered-malls-outlets-in-karachi","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-sends-notice-to-56-unregistered-malls-outlets-in-karachi.html","title":{"rendered":"FBR sends notice to 56 unregistered malls, outlets in Karachi"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has issued notices to 56 shopping malls and retail outlets in Karachi found operating with unregistered Point of Sales (POS) systems, according to a news source published on Friday (Sep 18).\u00a0<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/scci-president-urges-fbr-postpone-pos-system-implementation.html\" target=\"_blank\" rel=\"noreferrer noopener\">SCCI President urges FBR to postpone POS system implementation for a year<\/a><\/p>\n\n\n\n<p>Earlier, the body had issued instructions to these retailers to register their POS systems before an August 31 deadline, which they subsequently missed; leading the former to impose a fine of PKR 1 million on them. The <a href=\"https:\/\/www.zameen.com\/news\/fbr-grants-another-deadline-extension-pos-installation.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR<\/a> further warned that if the \u2018large retailers\u2019 do not pay their fines, they would not be allowed to conduct any business transactions. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-offers-tax-incentive-to-top-tier-retailers.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR offers tax incentive to top-tier retailers for POS integration<\/a><\/p>\n\n\n\n<p>Initially, POS integrations were communicated as an optional offer for retailers; accompanied with the incentive of reduced sales taxes on businesses which chose to do so. However, under the Finance Act 2019, integrating these systems with the FBR was made mandatory. Following this development, the regulatory body provided ample time to businesses to comply with these directives \u2013 and is now taking action against outlets which still remain unregistered under its database.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has issued notices to 56 shopping malls and retail outlets in Karachi found operating with unregistered Point of Sales (POS) systems, according to a news source published on Friday (Sep 18).\u00a0 Read: SCCI President urges FBR to postpone POS system implementation for a year Earlier, the body had issued instructions to these retailers to register their POS systems before an August 31 deadline, which they subsequently missed; leading the former to impose a fine of PKR 1 million on them. The FBR further warned that if the \u2018large retailers\u2019 do not pay their fines, they would not be allowed to conduct any business transactions. Read: FBR offers tax incentive to top-tier retailers for POS integration Initially, POS integrations were communicated as an optional offer for retailers; accompanied with the incentive of reduced sales taxes on businesses which chose to do so. However, under the Finance Act 2019, integrating these systems with the FBR was made mandatory. Following this development, the regulatory body provided ample time to businesses to comply with these directives \u2013 and is now taking action against outlets which still remain unregistered under its database.<\/p>\n","protected":false},"author":58,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[3362,37698],"persona":[],"class_list":{"0":"post-70669","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr","9":"tag-pos-system","10":"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 sends notice to 56 unregistered malls, outlets in Karachi - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has issued notices to 56 shopping malls and retail outlets in Karachi found operating with unregistered\" \/>\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-sends-notice-to-56-unregistered-malls-outlets-in-karachi.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR sends notice to 56 unregistered malls, outlets in Karachi - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has issued notices to 56 shopping malls and retail outlets in Karachi found operating with unregistered\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-sends-notice-to-56-unregistered-malls-outlets-in-karachi.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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