The FBR has outlined market-specific indicative incomes, taxes, and advance tax payments for small traders based on their shop locations. This new scheme is applicable in the following cities:
Abbottabad, Attock, Bahawalnagar, Bahawalpur, Chakwal, Dera Ismail Khan, DG Khan, Faisalabad, Ghotki, Gujranwala, Gujrat, Gwadar, Hafizabad, Haripur, Hyderabad, Islamabad, Jhang, Jhelum, Karachi, Kasur, Khushab, Lahore, Larkana, Lasbela, Lodhran, Mandi Bahauddin, Mansehra, Mardan, Mirpurkhas, Multan, Nankana, Narowal, Peshawar, Quetta, Rahim Yar Khan, Rawalpindi, Sahiwal, Sarghoda, Sheikhupura, Sialkot, Sukkur, and Toba Tek Singh.
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Under the FBR’s new directives, individuals owning shops of 50 square feet or less in commercial areas, makeshift shops, ‘khokas’, kiosks, or small shops measuring no more than 5×3 square feet will be required to pay a fixed advance tax of Rs. 1,200 annually.
The monthly tax installments apply to various types of shopkeepers, including wholesalers, dealers, distributors, retailers, manufacturer-cum-retailers, importer-cum-retailers, and those involved in both retail and wholesale activities or other business roles in the supply chain.
