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FBR for bringing restaurants into tax net

FBR for bringing restaurants into tax net

ISLAMABAD: Federal Board of Revenue has decided to enforce an electronic restaurant invoice monitoring system to bring the restaurants into the tax net thereby broadening the tax base.

Source said that this decision has been taken due to the fact that hundreds of big hotels in the federal capital in particular and in all the big cities in general are evading taxes.

Sources said that there are 444 restaurants in the jurisdiction of Regional Tax Office Islamabad out of which hardly a fourth part are taxpayers. FBR will categorize these hotels into four categories for their registration.