FBR decides to link hospitals, gyms, colleges with software system

ISLAMABAD: Taking a major step to curb tax evasion and document the economy, the government has made it mandatory for private schools, colleges, major hospitals, gyms and clubs to link with the Federal Board of Revenue software system.

According to the notification issued by the FBR, it has been decided to expand the tax net by installing software under online integration of business, with which various companies, elite clubs, health and educational institutions must be connected to the software system. The FBR notification stated money changers, forex dealers and foreign companies have also been made bound by the software system, while all major hospitals, laboratories and private schools and colleges will also have the software installed.The notification states that medical diagnostic laboratories, clinics and practitioners will also be bound by the new system.

FBR said that by installing the software, new companies and individuals will come into the tax net, point-of-sale systems, fiscal electronic devices and software will be connected to FBR, by installing the software sales tax, income tax will be added ad evasion of withholding tax will be controlled.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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