ISLAMABAD: The federal government has decided to abolish tax on the import of point of sale (POS) machines.
This was informed by the member Inland Revenue policy FBR to the Senate Standing Committee on Finance, Revenue and Economic Affairs which was under the chairmanship of Senator Muhammad Talha Mehmood.
The FBR officials informed the committee that the government has decided to abolish tax on the import of point of sale machines due to this large retail stores will be able to import duty free machines. We have a plan to link 0.5 million retailers with the FBR system.
The FBR official said that taxes have also been reduced to promote tourism in the country. “Duty for adventure tourism has been reduced by 50 per cent and additional duty has been abolished”.
He also informed that duty on the machinery and types of equipment have also been set duty-free for the promotion of tourism in the country.
The FBR officials briefed that the…