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Reading: FBR considering ways to penalize traders who are not registered.
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Baner Club > Blog > Business > FBR considering ways to penalize traders who are not registered.
BusinessPakistan

FBR considering ways to penalize traders who are not registered.

Registration for Tajir Dost Scheme will end on April 30.

Last updated: 2024/04/25 at 3:04 PM
Published April 25, 2024
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ISLAMABAD: The FBR is considering measures to do away with the Non-Active Taxpayer List (Non-ATL) and impose a hefty rate of 10-15% for selling to unregistered retailers, given that just 105 shops have registered for the ongoing Tajir Dost Scheme.

Rather than going after the nation’s 3.6 million merchants, the FBR is considering many measures to render non-registered enterprises unviable.

The only way to accomplish it is by taking severe administrative actions.

Therefore, measures are being considered to impose a very high rate—between 10% and 15%—on the sale of goods at the wholesaler/distributor stage and require all buyers of commodities in bulk to submit Computerized National Identity Cards (CNICs).

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admin April 25, 2024 April 25, 2024
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