FBR Shifts Focus of Tajir Dost Scheme to Target Big Tax Evaders

[TaxationPk]

FBR Shifts Focus of Tajir Dost Scheme to Target Big Tax Evaders

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.

https://taxationpk.com/fbr-shifts-focus-...x-evaders/