AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
Pakistan Stock Exchange
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Technology

FBR To Conduct Mystery Shopping For Identifying Anomalies In POS

Government has incentivized the retailers by giving tax credit on electronic cash registers in budget for FY22

admin-augafbyadmin-augaf
July 14, 2021
inTechnology
Reading Time: 2 mins read
0
Image: FBR
Share on FacebookShare on TwitterWhatsapp

Islamabad July 13 2021: Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, chaired a steering committee meeting to review progress on broadening of tax base and integration of retailers into Point of Sales (POS) system by FBR.

In the beginning, Member (IT), FBR briefed the participants about operational Terms of Reference (TORs) for integration of retailers into the POS system. The TORs have been formulated in consultation with key stakeholders including representatives from the private sector to have a proper system of check and balance in place, he added.


A L S O || R E A D

Companies Generate Record Funds Through Pakistan Stock Exchange In 2021


While reviewing the progress of the Steering Committee, the Finance Minister stated that limited tax base is one of the key challenges and the Government is firmly committed to expand the tax base to enhance revenues exponentially. Finance Minister commended the efforts made by the members of the steering committee on the occasion.

The Finance Minister further stated that the Government has incentivized the retailers by giving tax credit on electronic cash registers during the new Budget 2021-22.

The underlying rationale is to give incentives to the tax payers in order to broaden the tax base and at the same time, reiterated to take stern action against tax evaders who are not willing to be part of the tax net. In his concluding remarks, the Finance Minister urged FBR to strictly adhere to timelines & benchmarks and follow-up the whole exercise for broadening tax base on regular basis. The way forward requires use of new technologies, analytical tools and end-to-end automation to broaden the tax base by integrating all the chains/outlets into MIS system by FBR. The Minister further directed to gather data by undertaking interim measures such as Mystery Shopping exercise to identify anomalies as well as adding new entrants into the system to yield efficient results.


A L S O || R E A D

Abwaab Acquired Pakistani Startup Edmatrix


Source: PID
admin-augaf

admin-augaf

Related Posts

Govt providing incentives for increasing IT, telecom exports: Miftah
Business

Govt providing incentives for increasing IT, telecom exports: Miftah

June 23, 2022
Pakistan’s IT delegation meets over 50 Canadian IT companies in Toronto
Business

Pakistan’s IT delegation meets over 50 Canadian IT companies in Toronto

June 23, 2022
Crisis-hit Sri Lanka plans donor conference with China, India and Japan
Technology

Crisis-hit Sri Lanka plans donor conference with China, India and Japan

June 22, 2022

Recent News

Germany takes step closer to gas rationing

Germany takes step closer to gas rationing

June 25, 2022
Toyota recalls electric cars over concerns about loose wheels

Toyota recalls electric cars over concerns about loose wheels

June 25, 2022
U.S. Supreme Court overturns Roe v. Wade, ends constitutional right to abortion

U.S. Supreme Court overturns Roe v. Wade, ends constitutional right to abortion

June 25, 2022
EU’s Borrell in Tehran for talks on reviving Iran’s 2015 nuclear pact

EU’s Borrell in Tehran for talks on reviving Iran’s 2015 nuclear pact

June 25, 2022
Four-nation T20I series idea is still alive’: Ramiz Raja

Four-nation T20I series idea is still alive’: Ramiz Raja

June 25, 2022

Popular News

  • Pak Suzuki Increased Car Prices Upto PKR 150,000

    Pak Suzuki Prices to go up by PKR 76,000 to PKR 81,000 If Mini Budget Get Parliament Nod

    0 shares
    Share 0 Tweet 0
  • Pakistan raised PKR 792 billion at all time high rates, yields crossed 15% for the first time

    0 shares
    Share 0 Tweet 0
  • Gold Prices To Increase More Than 17 thousand per Tola After Approval of Mini Budget

    0 shares
    Share 0 Tweet 0
  • OGDCL and PPL to hold 16.67% share in $10 Billion Reko Diq project

    0 shares
    Share 0 Tweet 0
  • Meezan Bank became the fourth largest bank overtake MCB in terms of deposits: PSX

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Germany takes step closer to gas rationing
  • Toyota recalls electric cars over concerns about loose wheels
  • U.S. Supreme Court overturns Roe v. Wade, ends constitutional right to abortion

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Germany takes step closer to gas rationing

Germany takes step closer to gas rationing

June 25, 2022
Toyota recalls electric cars over concerns about loose wheels

Toyota recalls electric cars over concerns about loose wheels

June 25, 2022
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.

ArabicEnglishItalianSpanishUrdu