Wednesday, July 16, 2025
-Advertisement-

FBR Expands Tax Net to Include Retailers and Small Shopkeepers

- Advertisement -

The Federal Board of Revenue (FBR) has announced plans to broaden the tax base by imposing monthly taxes ranging from Rs100 to Rs10,000 on retailers and small shopkeepers, aiming to boost government revenue.

This move includes extending the Fixed Retailers Scheme to 42 additional cities, with taxes determined by the value and income of the shops.

- Advertisement -

This expansion is part of efforts to meet the conditions of a $7 billion loan from the International Monetary Fund (IMF). The FBR’s strategy involves the registration of small shopkeepers and increasing income tax on salaried individuals. The goal is to collect Rs50 billion from small shopkeepers in the current fiscal year.

While registration began a few months ago, it faced opposition from the business community, which advocates for taxes based on actual income rather than fixed standards. Small traders argue that they already face significant challenges and urge the government to also address issues like smuggling and to create a more business-friendly environment.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

Pakistan to Showcase Textile Excellence at Texworld NYC Summer 2025

Texworld NYC, Apparel Sourcing, and Home Textiles Sourcing—the largest...

Events to check out this July in Dubai

Summer in Dubai isn’t just about beating the heat,...

Five museums to check out in Dubai

From historic Creekside tales and women’s stories to futuristic...

PM’s Digital Youth Hub to facilitate freelancers countrywide 

Prime Minister's Digital Hub, a government's initiative to promote...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!