Islamabad: Federal Finance Minister Mohammad Aurangzeb has approved a new tax scheme for bringing retailers into the tax net.
According to Ministry of Finance sources, the scheme will be implemented starting this month, with a notification for its enforcement to be issued in the coming days.
The scheme, finalized after consultations with traders, will determine the retailer’s tax based on the shop’s rent and capital, with a minimum annual tax set at 1,200 rupees.