Member Federal Board of Revenue (IR-Operations), Mr. Qaiser Iqbal held a very important meeting with the top leadership of FBR Field Formations through video link facility, this afternoon. He reaffirmed his commitment to continue with integration of eligible Tier-1 retailers with full force and vigour.
He conveyed the unflinching resolve of Adviser to P.M on Finance & Revenue, Mr. Shaukat Tarin with the directions that the largest 500 retailers be fully integrated in the first phase, followed by next 500 and so on. The prize Scheme launched by FBR on both Print and Electronic Media was also discussed in details. He directed the Field Formations to ensure its proper promotion and ensure that the Tier-1 retailers update all their branches on Goolge to facilitate their customers.
Mr. Qaiser Iqbal also stressed upon effective enforcement measures for ensuring true and accurate reporting of sales by Tier-1 integrated retailers. He emphasized upon adopting all penal and prosecution measures against defaulting Tier-1 retailers on account of non-integration and those involved in tax fraud of any shade or grade.
He also hoped that Team Inland Revenue would spare no effort nor energy to make this innovative campaign on POS a true success story which promises a significant increase in tax revenue.
