Event marks significant advancement in ongoing efforts to improve TTS compliance and enhance FBR’s regulatory approach. ISLAMABAD - A critical roundtable discussion on the Federal Board of Revenue’s (FBR) Track and Trace System (TTS) compliance was held in Islamabad. Efforts to implement the track and trace system in the tobacco sector kickstarted in 2021 along with three other sectors - cement, fertilizer and sugar. However, since the deadline, track and trace compliance remains a distant dream. The outcomes from this session represent a strategic step forward in enhancing regulatory compliance, supporting FBR’s tax collection objectives, and reinforcing public health initiatives.

Source: The Nation November 15, 2024 03:00 UTC