imports and is payable at the import stage. This 5.5% withholding tax will be considered as minimum tax and Corporate Tax is also applicable, whichever is higher will be the tax liability, on this business. Now Pakistani taxpayers individuals or businesses can use online income tax returns filing websites like TAXApp to submit their returns easily and securely. POS Integration Of TIER-1 Retailers With FBR Real-Time Sales Reporting System According to new Tax Laws (SRO-1006) all tier-1 retailers are required to integrate their POSs with FBR’s real time invoicing system in Pakistan. It is also mandatory for all restaurants to integrate their POSs. These FBR Invoicing system and FBR Integrated POS systems should be able to handle sales, returns and exchanges. Around 11,744 POS terminals have been integrated with the real-time reporting system by July 31, the FBR has announced. For speeding up the process, the FBR on Aug 9 through SRO1005 (I)/2001 announced a prize scheme to encourage tier-1 retailers to get themselves integrated with the real-time sales reporting system. Many medium- and small-sized tier-1 retailers of various types have yet to integrate their point-of-sale (POS) with the Federal Board of Revenue (FBR) for real-time reporting of sales.To facilitate these Tier 1 retailers in Pakistan with integration and installation of such POS systems Tier3 has launched FBR POS Integration Software – FBR POS. A specialised advance Inventory management and POS system is specially developed for retailers in Pakistan keeping in focus the info security and integrity of data and processes involved. Indirect taxes Indirect tax or more commonly knows as sales tax is also applicable on supply of goods and provision of services. Under the 18th amendment to the Constitution of Pakistan, the right to charge sales tax on services has been given to the provincial governments where as the right to charge sales tax on goods has been given to the federal government. Consequently, provincial revenue authorities were created to manage and collect provincial sales tax in their respective provinces. Below is a summary of the applicable sales tax rates in Pakistan: Sales tax on goods: 18% Sindh Sales tax on services: 13% Punjab Sales tax on services: 16% Balouchistan Sales tax on services: 15% Khyber Pakhtunkhwa (KPK) Sales tax on services: 15% Islamabad Capital Territory (Tax on Services): 16% Year Wise Tax Collection in Pakistan Corruption According to a 2002 study, 99% of 256 respondents reported facing