FBR Tajar Dost Scheme Online Registration Form

Registration has started to bring one million wholesalers, dealers and retailers of Karachi, Lahore, Peshawar, Quetta, Islamabad and Rawalpindi into the tax net. Registrations started under the FBR Tajar Dost scheme to bring shopkeepers into the tax net will continue till April 30, 2024.

FBR Tajar Dost Scheme Online Registration Form

Tax collection will start from July 1. The business-friendly scheme will not be applicable to international or national businesses operating in more than one city.

FBR Trader-Friendly Scheme Online Registration Form

FBR Has start Tajar Dost Scheme 2024 in Pakistan. In the first phase, the scheme will be implemented in five major cities of Pakistan, Lahore, Karachi, Rawalpindi, Quetta, and Peshawar, under the trader-friendly scheme, Online registration will be mandatory for wholesale, retail vendors, fruit, vegetable, and meat sellers, furniture and grocery showrooms, jewelry, cosmetics, medical, hardware stores.

FBR Tajar Dost Scheme Online Registration Form

FBR Tajar Dost Scheme 2024

It will not be available in company, national, or international chain stores. Under the scheme, the annual rental value will be considered equal to 10% of the fair market value of the business cover, it will also include those houses that are used as business places, if no trader is registered in the scheme, the concerned commissioner will be able to register automatically. So 1200 rupees annually as advance tax will have to be paid.

Tajar Dost Scheme Online Registration

Timely tax payers have also been given concessions, those who will have an annual advance tax of Rs 1200 can deposit Rs 100 per month. The trader-friendly scheme is aimed at registering traders outside the tax net. Last date to Apply for registration is 30th April 2024.

 

Scheme Benefits

Under the scheme, the FBR will receive the record of the income of the shopkeepers, from which tax will be collected according to the annual income. In the second phase, registration of traders from other cities will be started. In the first phase of the scheme, rs100 billion is expected and in the second phase, an annual income of Rs300 billion is expected.

Who is the business-friendly scheme for?
All wholesalers, retailers, dealers such as general stores, medical stores, furniture and renovation shops and all shops are included in this scheme.
Who is not a business-friendly scheme for?
This scheme is for all business persons mentioned in question no. 1. Except in these categories.
1. company
2. National and international chain stores located in more than one city.

Will a shopkeeper already registered in income tax also get his businessman-friendly scheme 2024?

Is this scheme for Tier-Retailers as well?
Yes! This scheme is applicable to all retailers.
Do traders have to be registered with sales tax as well?
Business friendly scheme is related to income tax registration, this scheme is not related to sales tax. However, those traders who must be registered in sales tax should also be registered in sales tax.
Will traders also have to register with POS?
Registration of POS is not mandatory to join a trader-friendly scheme. However, tier-retailers

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Fahad Munir

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