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FBR is seeking suggestions for a new merchants tax programme

ISLAMABAD: The Federal Board of Revenue (FBR) is developing a new tax structure for merchants and has requested submissions from interested parties.

With the recently passed Ordinance, the government eliminated the fixed tax on retailers. Any new retail tax strategy will be developed and put into effect after consultation with the shopkeepers.

On Thursday afternoon, the Chairman FBR met in-depth with representatives of traders from all over the nation at the FBR House in Islamabad. The meeting was attended by about 21 Markazi Tanzeem e Tajiraan Pakistan delegates, some of whom joined by video link.

The traders appreciated the initiative of active consultative approach taken by the FBR and put forth various suggestions on the issue.

Earlier on August 25, a meeting with the representatives from all across Pakistan under All Pakistan Anjuman e Tajiraan was also held by the Chairman FBR in Islamabad.

While addressing the participants of the two meetings, the Chairman FBR resolved to keep follow-up meetings at the FBR headquarters and also at the regional level so that, through consultation and consensus, a feasible and workable scheme of taxation for retailers & traders is evolved.

The traders were requested to make in-house deliberations amongst themselves and firm up their suggestions for the future tax scheme to be rolled out next month.

The next round of meetings will be held with the traders’ bodies next week.

Abdul Qadeer

My Name is Abdul Qadeer. And CEO Pakistanwap ( JamilBaba ) 😊

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