FBR Addresses Trader Concerns on Tajir Dost Scheme

The Federal Board of Revenue (FBR) in Pakistan is working to bridge the gap with the business community regarding the Tajir Dost Scheme, a recently launched initiative aimed at registering small traders and retailers for tax compliance.

Key Concerns Raised by Traders:

  • Unclear Tax Guidelines: A lack of clarity on how newly registered traders under the scheme will be taxed is creating hesitation among retailers to participate.
  • Missing Incentives: Concerns exist regarding the absence of incentives or facilitation measures to encourage registration.

FBR’s Response and Next Steps:

  • Collaborative Approach: The FBR held a meeting with trade union representatives on May 17, 2024, demonstrating a commitment to address concerns and work collaboratively.
  • Open to Recommendations: FBR officials have requested a unified proposal from trade unions within a week, outlining their preferred approach to registration and taxation within the scheme.
  • Emphasis on Transparency and Fairness: The FBR reiterated its dedication to transparency and fairness in taxation policies.

Looking Ahead:

  • Improved Scheme Effectiveness: By addressing trader concerns, the FBR aims to improve the effectiveness of the Tajir Dost Scheme and increase tax compliance among small businesses.
  • Dialogue and Collaboration: Ongoing dialogue between the FBR and trade unions is crucial for overcoming implementation challenges.
  • Economic Growth Potential: A successful Tajir Dost Scheme can contribute to broader economic growth in Pakistan by fostering a more inclusive tax culture.

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