{"id":71515,"date":"2020-10-19T15:02:54","date_gmt":"2020-10-19T10:02:54","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71515"},"modified":"2020-10-19T15:02:55","modified_gmt":"2020-10-19T10:02:55","slug":"fbr-retailers-reach-agreement-business-documentation-concessions","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html","title":{"rendered":"FBR, retailers reach agreement on business documentation, concessions"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has finalised an agreement with major retail chains across the country with regard to business documentation and their proposed concessions, a news source reported on October 18.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/simplified-fbr-tax-form-retailers-introduced.html\" target=\"_blank\" rel=\"noreferrer noopener\">Simplified FBR tax form for retailers introduced<\/a><\/p>\n\n\n\n<p>According to the details revealed, the government plans to lower tax rates by introducing amendments to the Income Tax Ordinance and these measures are expected to be conveyed through a mini-budget or as part of the federal budget for fiscal year (FY) 2021-2022.<\/p>\n\n\n\n<p>FBR Member Operations Mohammad Ashfaq agreed to the requests of the business community, which had sought a series of concessions from the taxation agency earlier this year. To this effect, the FBR has agreed to ease audit conditions and reduce income tax rates for retailers who, in response, will get themselves registered with the federal institution.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-extends-deadline-online-integration-of-retailers.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR extends deadline for online integration of retailers<\/a><\/p>\n\n\n\n<p>Moreover, retail stores across the country have agreed to install the Point of Sales (POS) system, a real time invoicing utility, in their outlets. The taxation agency has directed the retailers concerned to install the POS system by November end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has finalised an agreement with major retail chains across the country with regard to business documentation and their proposed concessions, a news source reported on October 18. Read: Simplified FBR tax form for retailers introduced According to the details revealed, the government plans to lower tax rates by introducing amendments to the Income Tax Ordinance and these measures are expected to be conveyed through a mini-budget or as part of the federal budget for fiscal year (FY) 2021-2022. FBR Member Operations Mohammad Ashfaq agreed to the requests of the business community, which had sought a series of concessions from the taxation agency earlier this year. To this effect, the FBR has agreed to ease audit conditions and reduce income tax rates for retailers who, in response, will get themselves registered with the federal institution. Read: FBR extends deadline for online integration of retailers Moreover, retail stores across the country have agreed to install the Point of Sales (POS) system, a real time invoicing utility, in their outlets. The taxation agency has directed the retailers concerned to install the POS system by November end.<\/p>\n","protected":false},"author":57,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[41715,41714],"persona":[],"class_list":{"0":"post-71515","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-business-documentation","9":"tag-fbr-retailers-reach-agreement-on-business-documentation-concessions","10":"cat-15016-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, retailers reach agreement on business documentation, concessions - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has finalised an agreement with major retail chains across the country with regard to business documentation and their proposed concessions, a news source reported on October 18.\" \/>\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-retailers-reach-agreement-business-documentation-concessions.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR, retailers reach agreement on business documentation, concessions - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has finalised an agreement with major retail chains across the country with regard to business documentation and their proposed concessions, a news source reported on October 18.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.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=\"2020-10-19T10:02:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-19T10:02:55+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=\"Muhammad Farhad\" \/>\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=\"Muhammad Farhad\" \/>\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, retailers reach agreement on business documentation, concessions - Zameen News","description":"Islamabad: The Federal Board of Revenue (FBR) has finalised an agreement with major retail chains across the country with regard to business documentation and their proposed concessions, a news source reported on October 18.","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-retailers-reach-agreement-business-documentation-concessions.html","og_locale":"en_US","og_type":"article","og_title":"FBR, retailers reach agreement on business documentation, concessions - Zameen News","og_description":"Islamabad: The Federal Board of Revenue (FBR) has finalised an agreement with major retail chains across the country with regard to business documentation and their proposed concessions, a news source reported on October 18.","og_url":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-10-19T10:02:54+00:00","article_modified_time":"2020-10-19T10:02:55+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","type":"image\/jpeg"}],"author":"Muhammad Farhad","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Farhad","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html"},"author":{"name":"Muhammad Farhad","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9"},"headline":"FBR, retailers reach agreement on business documentation, concessions","datePublished":"2020-10-19T10:02:54+00:00","dateModified":"2020-10-19T10:02:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html"},"wordCount":197,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","keywords":["business documentation","FBR retailers reach agreement on business documentation concessions"],"articleSection":["New Developments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html","url":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html","name":"FBR, retailers reach agreement on business documentation, concessions - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","datePublished":"2020-10-19T10:02:54+00:00","dateModified":"2020-10-19T10:02:55+00:00","description":"Islamabad: The Federal Board of Revenue (FBR) has finalised an agreement with major retail chains across the country with regard to business documentation and their proposed concessions, a news source reported on October 18.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","width":1170,"height":400,"caption":"FBR"},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-retailers-reach-agreement-business-documentation-concessions.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR, retailers reach agreement on business documentation, concessions"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9","name":"Muhammad Farhad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","caption":"Muhammad Farhad"},"description":"Muhammad Farhad is a Content Developer at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/farhad-hassan"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/71515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=71515"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/71515\/revisions"}],"predecessor-version":[{"id":71516,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/71515\/revisions\/71516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/61403"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=71515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=71515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=71515"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=71515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}