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ISLAMABAD: The Federal Board of Revenue (FBR) has asked the traders community to have a detailed meeting on August 27 before taking any extreme measure of shutter-down strike on August 28 in protest against the “trader-friendly scheme.”

Talking to Business Recorder here on Sunday, Chief Coordinator of the Tajir Dost Scheme Naeem Mir said the FBR Member Inland Revenue Operations have contacted the traders’ representatives and offered them to have a meeting on August 27 for resolution of their issues including tax payments. The meeting is expected to be held at the FBR Headquarters.

The FBR will accept all genuine demands of traders including any amendment in the relevant notification of Tajir Dost Scheme, he added.

Traders to protest against Tajir Dost Scheme on 28th

Recently, the Central Organisation of Traders and All Pakistan Anjuman-e-Tajiran announced a nationwide shutter-down strike on August 28 in protest against the so-called “trader-friendly scheme” and recent tax policies.

Kashif Chaudhry and Ajmal Baloch rejected the scheme, calling it impractical and demanded its immediate withdrawal. They also called for the removal of withholding taxes imposed on essential items, including pulses and flour.

So far, the FBR has registered over 58,000 small traders/new shopkeepers under the Tajir Dost Scheme against the target of 3.2 million.

A senior FBR official told Business Recorder that the monthly tax payments from traders would start from this month (August).

Copyright Business Recorder, 2024

Comments

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Aam Aadmi Aug 26, 2024 07:41am
Did the FBR consult me while imposing taxes on me? No. Why not? This habit of consulting passers-by for decisions, is not a healthy trend and rather emboldens defaulters to be more defiant.
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NXT Aug 26, 2024 08:38am
Show some real backbone, FBR! Going after the salaried and registered tax payers was the easy fix!
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T Aug 26, 2024 10:48am
meeting set for 27th to derail 28th protests.
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KU Aug 26, 2024 11:29am
Its a fixed match. One day we hope to read a report by BR on weekly earnings of these traders, and how this is hidden by FBR n sundry. This theft/greed has devastated many countries, we don't learn.
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Mumtaz Malik Aug 26, 2024 11:56am
A prosperous nation requires its business community to embrace the responsibility of paying taxes, not just as a duty, but as a positive step towards building a better Pakistan.
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Mumtaz Malik Aug 26, 2024 11:57am
Just as income tax is deducted and deposited at the source for salaried individuals, the income tax department should establish a system where taxes for retailers are also deducted at the source,
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Mumtaz Malik Aug 26, 2024 11:58am
A system where taxes for retailers are also deducted at the source and directly deposited into the government treasury. This approach would ensure fairness and contribute to the nation's progress.
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Mumtaz Malik Aug 26, 2024 12:05pm
Only 2.74 million people file personal income tax in Pakistan, which is just 4.1 percent of the labor force and 1.3 percent of the population in Pakistan.
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Mumtaz Malik Aug 26, 2024 12:05pm
It is important to note that 35 percent of the individual filers pay zero income tax i.e. they fall below the taxable income and did not pay taxes during the year.
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Mumtaz Malik Aug 26, 2024 12:07pm
“In June 2023, the total number of registered income taxpayers was 9.865 million and the active income taxpayers, referred to as compliant taxpayers, were 4.434 million,”
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Mumtaz Malik Aug 26, 2024 12:12pm
Data compiled by the Federal Board of Revenue (FBR) showed that during the fiscal year 2022-23, salaried persons paid Rs264.3 billion in taxes.
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Mumtaz Malik Aug 26, 2024 12:13pm
The amount paid by the salaried class in taxes at up to a 35% rate was over Rs75 billion or 40% higher than the preceding year.
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Mumtaz Malik Aug 26, 2024 12:14pm
However, exporters and retailers combined pay Rs175 billion less tax than the salaried class, according to the provisional numbers.
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Mumtaz Malik Aug 26, 2024 12:15pm
The total income tax paid by exporters and retailers was Rs89.5 billion in the last fiscal year, which was Rs175 billion or 196% less than the income tax paid by salaried persons.
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Shahid Raza Aug 26, 2024 01:54pm
Trader/transporter/builder/importer are main thieves of tax. Don't pay a penny in tax. Settle WHT of electric bill which they cover by adding price. Govt shouldn't blackmail by strike, they again open
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Faraz Aug 26, 2024 03:46pm
Tajars are the biggest tax evaders & thieves second only to politicians.
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GOHAR ZAMAN Aug 26, 2024 07:14pm
@Mumtaz Malik, but thy are paying huge feeses to tax consultant. Which higher then annually tex. Kindly do something for this burden.
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