The Federal Bureau of Revenue (FBR) in Pakistan has unveiled a proposal to tax an estimated 3.5 million traders nationwide.
The initiative, currently in the discussion phase, aims to integrate tax collection with traders’ electricity bills by introducing a specific column on these bills tailored for tax assessment.
FBR insiders suggest this innovative method targets individuals conducting business in a shop rather than the shop owners. The strategy involves dividing traders’ annual income into twelve segments, thereby enabling a monthly tax collection process.
FBR’s bold strategy is expected to roll out before the new fiscal year begins, pending governmental approval. Additionally, it has been disclosed that FBR officials have presented this proposed taxation scheme to the International Monetary Fund (IMF) for consideration.
 in Pakistan proposes a novel taxation scheme aimed at an estimated 3.5 million traders, integrating tax collection directly with their monthly electricity bills. This method, pending government approval, promises a streamlined and efficient tax collection process.){kind=link}