FBR decides to document business sector
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Business
All types of transactions to be compiled, and monitored
ISLAMABAD (Dunya News) - The Federal Board of Revenue (FBR) has decided to document the business sector across the country.
According to the board, records of all types of transactions including debit, credit cards will be compiled, besides monitoring transactions by CCTV cameras at the point of sale.
As per Federal Board of Revenue, all businesses will be connected to FBR computerised system, adding e-invoicing hardware and software will be connected to FBR computerised system.
FBR has issued a notification to amend the Sales Tax Rules, 2006.
Earlier, Federal Board of Revenue Chairman Rashid Mahmood Langrial said the board would purchase vehicles for the officers to meet tax targets.
The FBR chairman said cars would be bought for young officers as they had to go in field for operations and recoveries, adding the Senate Standing Committee had been given a reply in a satisfactory manner.