To increase the revenue of the government by expanding the tax net, the Federal Board of Revenue has decided to collect tax from retailers from Rs 100 to Rs 10 thousand per month.
The Federal Board of Revenue has also decided to extend the scope of Fixed Retailers Scheme to 42 cities. Tax will be collected based on the value and income of the shops.
It should be noted that for the loan of 7 billion dollars, the tax net of the terms of the International Monetary Fund has to be expanded. For this FBR is taking various steps. Registration of pamphlet sellers is also a link in this chain.
Under the terms of the IMF, income tax levied on the salaried class is also to be levied at the retail or wholesale level.