Tajir Dost Scheme FBR
Tajir Dost Scheme FBR
Every traders and shopkeepers operating through a fixed place of business including a shop, store, warehouse, office or similar physical place (hereinafter referred to business premises) located within the territorial civil limits including cantonments in the cities as specified in the Schedule to this scheme for registration and payment of minimum advance tax will be applicable.
Tajir Dost Scheme FBR is not applicable on following conditions
(i) Company
(ii) Operating as a unit of national or international chain stores in more than one city or;
(iii) Person or a class of persons specifically excluded by the Board.
How to Registration in the National Business Registry Tajir Dost Scheme FBR
Every trader and shopkeeper shall apply for registration under section 181 of the Ordinance or through Tax Asaan app or on FBR’s portal or through FBR’s Tax Facilitation Centers by 30th day of April, 2024.
The provisions of section 182 of the Ordinance shall, mutatis mutandis apply to the trader or shopkeeper who has not applied for registration on companies and chain stores.
What is Minimum monthly advance tax payable by a person in Tajir Dost Scheme FBR?
Every person shall be liable to pay monthly advance tax
What is Mode and manner of payment of advance tax?
From 1 day of July, 2024 for the relevant tax year and the first payment will be due on 15th of
July, 2024 and thereafter on 15th of every month.
Payment be paid through a Separate Computerized Payment Receipt against the Payment Slip ID (PSID)
Generated by Tajir Dost module or through FBR’s portal or through FBR’s Tax Facilitation Centers
FBR Calculations of Tax Tajir Dost Scheme as per following
(a) Annual rental value means ten percent of the fair market value of the business premises;
(b) Business premises include all business places, store, warehouse, or any other Place connected to business or an office or a home operating as a business place;
(c) Indicative income means amount calculated on the basis of the annual rental Value in accordance with the formula as may be prescribed;
(d) Fair market value of business premises in Tajir Dost Scheme FBR means the amount calculated as per the valuation of immoveable properties notified by the Board under section 68 of the Income Tax Ordinance, 2001(XLIX of 2001), or where such valuation has not been notified by the Board, the values fixed by the District Officer (Revenue), or Provincial or any other authority authorized to fix such values for the purposes of stamp duty will be a.
Tax Exemption on International Call Center FBR
Tax Exemption on International Call Center FBR
If you are running a international call center business you only pay fixed final tax.A special regime u/s 154A for export of IT and IT enabled services was introduced through Finance Act, 2021 whereby 1% final tax was collected on realization of export proceeds of these services
Export proceeds of Computer software or IT services or IT Enabled services by persons registered with Pakistan Software Export Board 0.25% of proceeds
Moreover, provisions of Tenth Schedule will not apply on tax collectible under section 154A of the Ordinance. Necessary change has been incorporated in rule 10 of Tenth Schedule in this regard Tax Exemption on International Call Center FBR
Income Tax Exemption SWAT
Income Tax Exemption SWAT & Income Tax Exemption FATA & PATA
If you are a resident of Swat and you are running a business there, no income tax is applicable. However, you are required to obtain an income tax exemption certificate in Swat.
If you need income tax exemption certficate feel free to contact us