The Federal Board of Revenue (FBR) has significantly expanded its Tajir Dost scheme, which now reaches 42 cities across Pakistan. Initially limited to just six cities, this expansion aims to enhance trader registration and encourage tax compliance in a broader range of areas, from Abbottabad to Sukkur.
Under the Tajir Dost Special Services Rules 2024, traders are required to pay a monthly advance tax based on the market value of their shop. The tax can be as much as Rs. 20,000 per month, depending on the location and value of the shop.
This initiative is designed to make the tax system more transparent and accessible, helping traders to understand and fulfill their tax obligations more easily.
By expanding the scheme to more cities, the FBR hopes to reach a larger number of traders, promoting a culture of tax compliance across the country.
The goal is to make it easier for traders to register with the tax authorities and comply with tax regulations. This, in turn, is expected to increase tax revenues, which can be used for public services and infrastructure development.
The FBR believes that the Tajir Dost scheme will not only improve tax collection but also support economic growth by creating a more equitable business environment.
By ensuring that all traders pay their fair share of taxes, the government can reduce the burden on compliant businesses and use the funds to invest in the country’s development.
