FBR to notify special procedure for small traders, shopkeepers

KARACHI: Federal Board of Revenue (FBR) will notify special procedure for payment of taxes and filing returns by small traders and shopkeepers.



A new Section 99B has been introduced to Income Tax Ordinance, 2001 through Finance Supplementary (Second Amendment) Bill, 2019, which was presented in the National Assembly on Wednesday.

According to the new section the government may prescribed special procedure for scope and payment of tax, filing of return and assessment in respect of such small traders and shopkeepers, in such cities or territories, as may be specified therein.

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