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MoU Signed: CAP assured FBR to integrate all retailers tills/PoS by November 30, 2020

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CAP assured FBR to integrate all retailers tills/PoS by November 30, 2020.

MoU Signed between FBR & CAP

MoU signed between Federal Board of Revenue and the Representatives of the ChainStores Association of Pakistan (CAP). To ensure effective and efficient integration of Point of Sales (PoS)/ tills. Installed at Tier 1 retailers’s location all across the country.

Deadline of 30th November, 2020

This huge milestone achieved today provides for incentives to the retailers. Who voluntarily integrate with FBR’s system by 30th November 2020.

To facilitate smooth integration and collectively manage any bottlenecks, CAP committees will be formed at central and regional levels. CAP assured FBR that all Tier 1 integrated retailers would fully integrate all their tills/PoS. Without any exception by November 30, 2020.

If you want to become active tax filer or want to get tax, accounting and corporate services in Pakistan then we are here to provide you professional services! Call: 0092-3334875413 | www.globaltaxconsultants.pk
POS-Integration-FBR
POS-Integration-FBR

They also assured integration of all of there branches. The association will also augment FBR’s efforts to improve the PoS system and make it foolproof.

See also  SHC abolished federal duty on Phone calls

CAP will also assist FBR in the identification of all Tier 1 and Tier 2 Retailers. Who are liable to integrate themselves and have not yet integrated.

Point of Sale (PoS) Working Mechanism

Process-POS-Integration-FBR
Process-POS-Integration-FBR

The foundation principle of this MoU and the benefits agreed to by FBR is complete integration by Tier 1 Retailers with FBR’s system by November 30, 2020.

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