The Federal Board of Revenue (FBR) has assured retailers that their genuine concerns will be resolved, but the controversial Tajir Dost Scheme will not be withdrawn. During a meeting on Tuesday, FBR Chairman Rashid Mahmood Langrial invited retailers to the board headquarters, urging them to reconsider their decision to strike across the country on Wednesday (today). However, those retailers who strongly oppose the scheme did not attend the meeting.
The Tajir Dost Scheme, which aims to expand the tax net among retailers, has struggled to gain significant traction. Although over 150,000 retailers registered by last week, the revenue collected was minimal, amounting to less than Rs0.1 million. The scheme has been extended from 6 to 42 cities, with a tax imposed ranging from Rs100 to Rs60,000, depending on the value of the shops.
The government has committed to the International Monetary Fund (IMF) to generate Rs50 billion through the Tajir Dost Scheme in the current fiscal year. Despite this, the FBR has faced challenges in bringing retailers into the tax net. Efforts, including the involvement of trader leader Naeem Mir from Lahore, have so far failed to achieve the desired success.
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