How to Register for Tajir Dost Scheme via Tax Asaan App

The Federal Board of Revenue (FBR) has introduced a new option in its Tax Asaan app for the Tajir Dost Scheme. The scheme aims to bring unregistered businesses into the tax net and encourage them to declare their assets and income.

What is the Tajir Dost Scheme?

The Tajir Dost Scheme is a voluntary tax compliance scheme that offers benefits to unregistered businesses. Under the scheme, businesses can declare their assets and income and potentially receive benefits like reduced tax rates and simplified tax compliance procedures.

How to register for the Tajir Dost Scheme?

The exact registration process for the Tajir Dost Scheme may still be under development. However, based on the information provided, here’s a possible scenario:

  1. Download the Tax Asaan app from the Google Play Store or Apple App Store.
  2. Open the app and look for the “Tajir Dost Scheme” option (the option might be newly added).
  3. If available, follow the on-screen instructions to register. This may involve entering your ID card number, mobile number, and other required information.
  4. Submit the registration form.

Benefits of Registering for the Tajir Dost Scheme (Potential)

The specific benefits of the Tajir Dost Scheme haven’t been officially announced yet. However, based on similar schemes, potential benefits may include:

  • Reduced tax rates
  • Simplified tax compliance procedures
  • Faster processing of refunds
  • Improved reputation for being a compliant taxpayer

Who is Eligible for the Tajir Dost Scheme?

The eligibility criteria for the Tajir Dost Scheme haven’t been officially confirmed. However, the scheme likely targets unregistered businesses, particularly those in specific sectors like:

  • Retail stores
  • Wholesalers
  • Service providers

Deadline for Registering for the Tajir Dost Scheme

The official deadline for registering for the Tajir Dost Scheme is 30th April but might extend till  a June 30th.

What Happens if I Don’t Register by the Deadline?

FBR will make mandatory registration where information is available with them. Field officers might visit and endorse compulsory registration.

Conclusion

The Tajir Dost Scheme presents an opportunity for unregistered businesses to join the tax system and potentially receive benefits. Stay tuned for updates on the registration process, deadline, and specific scheme advantages. Consider registering if you believe your business falls under the eligibility criteria.

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