FBR Integrates 4,500 Big Retailers with POS System
The number of prominent retailers integrated with the Point of Sale (POS) system of the Federal Board of Revenue (FBR) has reached around 4,500 across the country, top officials of the FBR revealed to ProPakistani.
Sources said that the number of Tier-I retailers integrated with the FBR has considerably increased during the past few months and has reached around 4,500 on the national level. The FBR’s enforcement exercise has shown positive results, and many retailers are now integrated with the FBR’s Point of Sale (POS) system. Till January 15, the number of prominent retailers integrated with the FBR’s system stood at just 3,000.
Among the various innovative initiatives launched by the FBR to maximize tax compliance through digitization of business transactions, automation of its operations, and facilitation of taxpayers, the Point of Sale System is one essential intervention that aims to monitor sales made by Tier-1 retailers across Pakistan.
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