TAXATIONDecember 3, 2020FBR's recommended list of vendors for the provision of Point of Sales (POS) software to retailers By Admin The Federal Board of Revenue (FBR) recommended list of vendors for the provision of Point of Sales…Read more
UPDATESMarch 9, 2022FBR Amends Sales Tax Return Form to deny 60pc input tax to nonintegrated retailers By Admin The Federal Board of Revenue (FBR) has brought amendment in the monthly sales tax return form to…Read more
FINANCEJanuary 17, 2022FBR decides to integrate foreign exchange dealers with Point of Sale system By Admin The Federal Board of Revenue (FBR) has decided to integrate the foreign exchange dealers with its…Read more
BusinessesDecember 29, 2021FBR monitoring teams will assess sales of resisting Tier-1 retailers By Admin Instructions issues by Chief Commissioner Regional Tax Office (RTO) Lahore Nasir Iqbal Khan for…Read more
UPDATESDecember 9, 2021FBR decided to impose effective section 40B of the Sales Tax Act 1990 to curb tax evasion By Admin The Federal Board of Revenue (FBR) has decided to outline guide techniques for Inland Revenue…Read more
TAXATIONNovember 25, 2021FBR authorized to appoint special panels for tax audit By Admin Under Section 32A of Sales Tax Act, 1990 FBR is authorized to appoint special panels for conducting…Read more
BLOGAugust 11, 2021Definition of Tier-1 Retailer under sales tax act 1990 By Admin All tier-1 retailers are required to integrate all their POSs with FBR’s computerized system.Read more
TAXATIONDecember 17, 2020FBR issues procedure for cash back refunds of sales tax to customers of Tier-1 retailers By Admin Federal Board of Revenue (FBR) issued procedure for cash back of sales tax amount @5% (five percent)…Read more
TAXATIONAugust 19, 2020FBR warns retail stores to register with point of sale (POS) System to avoid heavy fines By Admin FBR warns retail stores to register with point of sale (POS) System to avoid heavy fines and using…Read more
FBR POS Lucky DrawNovember 15, 2022FBR Suspended POS Prize Scheme till 31st January 2023 By Admin Federal Board of Revenue (FBR) has suspended it’s lucky draw of POS prize scheme till 31st…Read more