The Federal Bureau of Revenue (FBR) has failed to bring the big retailers (retailers) into the tax net and achieve the target of additional revenue of Rs. and crores of rupees were spent on advertising.
According to the agency, 12,000 point-of-sale (POS) machines were connected to the FBR system during the last financial year, and according to the latest data, only 23,000 POS machines have been connected so far. The interest attached to the BRK system is far short of the target given to the institution by former finance minister Shaukat Tareen.
The previous government had indicated that they would connect around five lakh point-of-sale machines to the system, and as a result, the institution would receive an additional tax of Rs 50 billion. In this regard, the previous government had kept about five and a half crore rupees as prizes every month, which were given to the best users through a computer lottery. However, the data shows that the target of Rs. On the other hand, these retailers could only pay an extra 6 billion 30 crores in tax.
On the other hand, FBR spokesman Asad Tahir Jappa said that even though FBR didn’t meet its goal of collecting more taxes, the installation of POS machines was a success because one of the goals of this scheme was to teach citizens and taxpayers to always ask for sales and tax receipts when they buy something.
