- October 18, 2024
- Posted by: Muhammad Shehzad
- 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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POS Fees Details
According to the details, the fees came from a 1 PKR charge per invoice. The collected funds will support the POS system, customer reward programs, and media campaigns.
The Finance Standing Committee of the Senate investigated legal matters regarding provincial taxes on exports. The committee concluded 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, to increase employee morale and welfare, the FBR intends to transfer a large proportion of these fees to employee welfare schemes. The welfare schemes include healthcare, 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.