Aurangzeb reviews retailers’ tax scheme as trader response falls short
https://www.dawn.com/news/2036047
Finance Minister Muhammad Aurangzeb convened a meeting on Friday to assess the progress and address challenges surrounding the retailers’ tax scheme. The meeting, attended by State Minister for Finance Bilal Azhar and Chairman of the Federal Board of Revenue (FBR) Rashid Mahmood Langrial, highlighted the need to simplify tax procedures for retailers and encourage their participation in the formal tax system.
Mr Aurangzeb emphasized that the scheme provides a simplified path for retailers to join the formal tax system, ultimately contributing to the nation's economic growth. He stressed the importance of evaluating the scheme's implementation, operational aspects, and ongoing participation of existing taxpayers to ensure its success.
During the meeting, the FBR presented data on registrations and tax returns under the scheme, including current taxpayer involvement and relevant tax payment obligations. The discussion also focused on identifying and mapping unregistered retailers through data validation and cross-referencing with existing records.
The minister underscored the necessity of adopting a balanced approach that combines taxpayer facilitation with targeted measures. He clarified that the Retailers’ Tax Scheme should not be viewed as a temporary fix for the 2026 fiscal year but rather as a long-term initiative to help small retailers enter and remain in the formal tax system.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
