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Special tax scheme for small shopkeepers in 'initial implementation phase': FBR

The Federal Board of Revenue (FBR) said on Tuesday the special tax scheme for small shopkeepers was in its initial implementation stages, during which the board was actively working to facilitate traders and address any practical or technical issues arising out of the registration process. “The Government of Pakistan and the FBR remain in continuous contact with traders, market representatives…

Special tax scheme for small shopkeepers in 'initial implementation phase': FBR

The Federal Board of Revenue (FBR) announced on Tuesday that the new tax scheme for small shopkeepers is currently in its early stages of implementation. During this phase, the FBR is actively working to support traders and resolve any technical or practical issues that may arise during the registration process. The government and FBR are maintaining constant communication with traders, market representatives, and trade bodies to ensure the scheme is executed smoothly, transparently, and in a manner that benefits traders.

They are carefully considering the feedback received from the business community and are striving to address genuine difficulties faced by traders.

The FBR reminded traders who face any technical difficulties or problems while registering under the scheme to directly contact the FBR for assistance and guidance. The board emphasized its commitment to providing the necessary facilitation to enable eligible traders to complete the registration process without undue hassle. The government firmly believes that the special tax scheme offers small shopkeepers a chance to become a part of the documented tax system through a simplified and supportive framework.

This scheme aims to promote voluntary compliance while providing small traders with greater certainty and ease of doing business.

Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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