- October 18, 2024
- Posted by: Muhammad Afzaal
- Category: RBS News
Pakistan, October 14, 2024: FBR allocated PKR 309 million from POS fees to employee welfare programs. Revenue from the use of POS systems, which have been implemented in all retail outlets in the country, has benefited FBR.
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According to the details, the fees came from 1 PKR charge per invoice. The collected funds will be used to support the POS system, customer reward programs, and media campaigns.
The Finance Standing Committee of the Senate looked into legal matters regarding provincial taxes on exports. The committee stated that KPK’s 2% infrastructure development Cess proposal would harm export activities.
FBR also claimed the 10% levy on Pakistani transporters from Iran was unfair. They urged the Ministry of Communication to address their concerns with Iranian authorities.
Further, in a bid to increase employee morale and welfare, the FBR intends to transfer a large proportion of these fees to employee welfare schemes. The welfare schemes will include healthcare services, pension insurance, housing, and other services.
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The increased welfare fund is also expected to incentivize FBR staff. With this allocation, FBR reaffirms its readiness to develop new tax collection approaches using modern technologies. Moreover, the authority has successfully built up the notion of their employees.