Tajir Dost Scheme Now via Electricity Bills:
- The Federal Board of Revenue (FBR) has revised the implementation strategy of the Tajir Dost Scheme.
- The initial goal of registering all shopkeepers and retailers is replaced with a focus on larger businesses.
- The FBR will now target big retailers and shopkeepers based on:
- Analysis of income tax returns
- Commercial electricity consumption data
- Third-party information (e.g., wholesale purchase records)
- Registration of very small retailers is no longer a priority.
Expected Benefits:
- This targeted approach aims to enhance tax collection and meet the revenue target of Rs. 50 billion.
- By focusing on potential tax evaders, the FBR can streamline the registration process and achieve better compliance.
Related Article: How to Register Business Under Tajir Dost Rule with FBR?
What Happens to Existing Registrants?
- Already registered retailers who may be under-reporting income will be investigated for potential tax recovery.
Overall Impact:
The revamped Tajir Dost Scheme takes a more strategic approach by prioritizing big fish and businesses with higher tax evasion potential. This shift aims to improve tax collection efficiency and ensure a fairer contribution from the retail sector.
