ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday extended the deadline to June 30 for Tier-1 retailers to integrate their point of sales (PoS) with its online tax system.

A circular issued by the FBR said that all Tier-1 retailers will furnish in writing their willingness to integrate all their POS with the respective regional tax officers (RTOs) and Large Taxpayers Units (LTUs) by June 20 to avail the facility of the extended time.

The first deadline for POS integration with FBR’s online system was December 15, 2019. However, in 2020, it was extended to March 30 and then to April 30 to facilitate retailers amid the lockdown.

Tier-1 retailers are classified as those located at luxurious shopping malls, retail chains and stores having floor space of 1,000 square feet.

To contain the spread of coronavirus, the government has forcefully locked down all major shopping malls and plazas as preventive measures across the country. In most of the markets across Pakistan, only those shops selling groceries, fruits and vegetables have been allowed to keep the shutters open for limited time.

For documentation, as held out to the International Monetary Fund under the extended fund facility, FBR has worked out a comprehensive plan to install PoS systems at outlets across the country in the current fiscal year to document sales of big retailers who are, as per some estimates, evading taxes worth billions of rupees.

Under the system, registration is the first step which is followed by the installation of POS at respective outlets. Following the installation of POS, big retailers will report their sales in real-time to the FBR to ensure tax collected from consumers at the cash counter are actually deposited with the government.

Currently, almost 4,000 shops are registered with the POS systems. FBR expects to get a maximum number by June 30. The total number of shops which will be brought on the system is over 16,000.

Published in Dawn, May 22nd, 2020


Back to governance

Back to governance

While PDM has continued efforts to mount political pressure, it has been unable to force a crisis to challenge the PTI government.
Inequality virus
25 Jan 2021

Inequality virus

An Oxfam report calls for radical changes to the economic system.


Updated 25 Jan 2021

Where the buck stops

The rights to due process and security of person are accorded to every individual in this country.
25 Jan 2021

PPP’s plan?

THE PDM faces a fresh crisis as the PPP takes a conspicuously soft position on the long march. While the PDM talks ...
25 Jan 2021

Forward guidance

THE State Bank has taken the unusual step of issuing a forward guidance in its latest monetary policy statement to...
Updated 24 Jan 2021

Delayed olive branch

THE PTI government has finally mustered up sufficient political prudence to extend an olive branch to the opposition...
24 Jan 2021

Bureaucracy reform

WHILE the intention behind the endeavour may be lauded, the civil service reform package unveiled by the government...
24 Jan 2021

Minority rights

ON Thursday, the United Nations General Assembly adopted a resolution to safeguard religious sites around the world,...