FBR to take action against unregistered retailers

KARACHI: The Federal Board of Revenue (FBR) has issued a list of 114 unregistered retailers (Tier-1) and decided to take action against these big retailers for not integrating with the FBR’s Point of Sale (POS) system.

According to the statement released by the country’s tax collection body, these 114 retailers are operating out of the documented regime and not depositing collected sales tax from consumers into the national kitty.

The board has decided to raise sales tax demand against these big retailers (Tier-1), who do not integrate with the FBR’s POS system by the deadline of August 10, 2022.