Islamabad: Minister of State for Finance Bilal Azhar Kayani has expressed optimism regarding the fixed tax scheme for small shopkeepers and retailers, emphasizing its potential to be a successful initiative. He highlighted that the scheme aims to expand the tax base while addressing the concerns of shopkeepers.
According to Radio Pakistan, Kayani, speaking to the media in Islamabad, described the scheme as a pragmatic approach to enhancing tax compliance among retailers. He noted that an awareness campaign has been initiated to promote registration under the scheme. Furthermore, officials from the Federal Board of Revenue (FBR) are set to visit markets and bazaars to engage directly with shopkeepers, facilitating the registration process.
Kayani’s remarks underscore the government’s commitment to ensuring the effective implementation of the scheme, which is designed to simplify the tax process for small businesses. The initiative is part of broader efforts to improve tax collection and support economic growth.