FBR explains higher penalties for digital non-compliance

ISLAMABAD: Federal Board of Revenue (FBR) Member (Strategic Transformation) Dr. Hamid Ateeq Sarwar said that the enhanced penalties for digital non-compliance proposed under the Finance Bill 2026 should take into account the fact that 10,000 to 12,000 point-of-sale (POS) outlets are currently disconnected out of the 37,000 POS-integrated retail branches across the country.

This he stated while briefing the Senate Standing Committee on Finance and Revenue, which met here on Monday.

FBR’s top Member disclosed this information before the Senate Standing Committee on Finance on Monday during the review of the Finance Bill 2026.

The committee accepted a proposal of the documented steel sector to continue with the old system of sales tax payment, with enabling powers to the FBR to prescribe a new system under the Finance Bill 2026.

Copyright Business Recorder, 2026