The Federal Board of Revenue (FBR) has implemented a new tax regime targeting high-end shops under Tajir Dost Scheme in major cities across Pakistan. This policy involves fixed monthly tax rates based on the location and size of the business.
The FBR has identified specific commercial areas and assigned corresponding monthly tax rates. For instance:
Advance Monthly Taxes in Islamabad under Tajir Dost:
- Jinnah Super Market: Rs. 60,000 per month
- F-6 Market (Ground Floor): Rs. 60,000 per month
- F-6 Market (Other Floors): Rs. 30,000 per month
- Bahria Enclave (Sectors A, B, C, H, G): Rs. 60,000 per month
- Melody Market (Ground Floor): Rs. 60,000 per month
- Melody Market (Backside Shops): Rs. 45,000 per month
- Adamjee Road: Rs. 60,000 per month
Advance Monthly Taxes in Karachi under Tajir Dost:
- Clifton Quarters (excluding Shireen Jinnah Colony and Clifton Block-I): Rs. 60,000 per month
- DHA Phases I-VIII: Rs. 60,000 per month
- II Chundrigar Road and Dehli Mercantile: Rs. 60,000 per month
- Bhori Bazaar, Burns Road, Bombay Bazaar: Rs. 60,000 per month
- KDA Officers Housing Society, KDA Scheme No. 1 and 1A, Kagzi Bazaar: Rs. 60,000 per month
- Bath Island facing Khayaban-e-Iqbal Road: Rs. 60,000 per month
Advance Monthly Taxes in Lahore under Tajir Dost:
- Shahalam Gate (E-Ward), Ravi Town: Rs. 60,000 per month
- Montgomery Road, Data Gunj Buksh Town: Rs. 30,000 per month
- Rangmahal Main (E-Ward), Ravi Town: Rs. 60,000 per month
Advance Monthly Taxes in Other Cities:
Similar tax rates have been established for specific locations in Faisalabad, Rawalpindi, Sialkot, and other cities.
Impact and Implications of Tajir Dost in Pakistan
This new tax regime is expected to generate additional revenue for the government while potentially impacting the profitability of businesses operating in high-end commercial areas. It’s crucial for affected businesses to carefully assess the implications of this change and adjust their financial strategies accordingly.
