The Federal Board of Revenue has successfully connected more than 11,000 big retailers to its Point of Sale tax reporting system, a major step in broadening Pakistan’s tax base and improving sales tax compliance.
According to officials, a total of 11,141 retailers have been integrated into the FBR’s POS system as of February, allowing businesses to electronically report sales in real time and helping the tax authority track transactions more accurately. This rollout is part of a wider effort to strengthen tax administration and reduce leakage in the retail sector.
The POS integration means that large shopkeepers and retailers now have their sales directly recorded with the FBR, reducing the chance of under reporting and tax evasion.
The board says this will help create a fairer business environment by ensuring that big sellers pay the correct amount of tax on their transactions.
Officials also noted that this initiative will modernize the retail tax system, improve transparency and bring more efficiency to how sales tax is collected nationwide. The move is part of the FBR’s ongoing strategy to use technology to strengthen compliance and expand the tax net.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.