Paying tax is an integral part of the businesses which restaurants have to spend on their profits. If you are a restaurant owner and planning to opt for any point of sale software for your restaurant business, then you must go with the point of sales software which is integrated with the Federal Board of revenue. FBR is a central revenue agency in Pakistan that collects taxes and administers tax laws. Moreover, it ensures that taxes are collected per government law and are timely deposited to the national government treasury. Recently, the government of Pakistan has announced under the provisions of the sales tax act 1990 that it is mandatory for the tier-1 retailers to have a POS installed and integrated with the FBR otherwise they would face a serious penalty of up to 1 million rupees and continuing failure to #integrate with #FBR may result in sealing of their premises and embargo on the sales.
Steps to be taken to Integrate FBR:
-First of all, you need to have NTN (National Tax number) number for FBR Integration.
-You have a registered sales tax and you have a bio metric verification.
Now you have to create FBR POS ID. You need to create an IRIS account.
You can create your IRIS Account by visiting the link below:
[ Ссылка ]
Now you have to create POS ID.
[ Ссылка ]
Enter username and password of IRIS account.
Follow the steps of complete the registration process and you will create your POS ID.
Now you just have to login in Foodnerd POS and enabled the FBR sales tax option. Thank You.
#FBR #Pointofsale #FBRPos #IntegrationFBR
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