Against the 11,514 machines, the actual number of retailers who are linked with the FBR are 1,016, including 660 tier-I retail-ers. The decision to deny 60% input to tier-I retailers marks a clear shift in the FBR strategy after the taxmen struggled to achieve increasing point of sales targets. The FBR said that it was adopting a system-based approach where all identified tier-I retailers will be placed on the FBR’s website by the fifth of every month, allowing them to integrate with the FBR system in the next five days. In July, the FBR had registered 84 more retailers, taking total number of point of sales that are linked with the FBR network to 11,514. Against the 11,514 machines, the actual number of retailers who are linked with the FBR are 1,016, including 660 tier-I retailers.

Source: The Express Tribune August 04, 2021 03:11 UTC