Lahore, Pakistan – The Federal Board of Revenue (FBR) is proposing amendments to the Tajir Dost Scheme to make it more effective and efficient.
Chief Coordinator of the Tajir Dost Scheme, Mohammad Naeem Mir, announced that the SRO 1064 will be amended to decentralize the review process. Currently, the FBR has the power to review tax assessments. Under the proposed changes, regional committees chaired by assistant commissioners will have the authority to review tax rates for traders in their respective regions.
These committees will evaluate applications from traders seeking a reduction in their tax rates based on their paying capacity. Lahore has been divided into 12 regions, each with its own review committee. Business Recorder
The FBR also plans to withdraw the power of audit from regional offices and transfer it to the FBR. Additionally, traders will be allowed to submit their returns on a quarterly basis instead of monthly.
These amendments aim to improve the efficiency of the Tajir Dost Scheme and make it more accessible to traders. By decentralizing the review process and providing more flexibility in filing returns, the FBR hopes to encourage greater participation in the scheme and improve tax compliance.
