Pakistan Revenue
Simplified “Asaan” tax regime aims to expand formal retail sector ISLAMABAD, June 12, 2026 — Pakistan launches fixed tax scheme for retailers under Rs200 million annual turnover as part of Budget 2026–27, introducing a simplified taxation structure aimed at improving compliance and widening the tax net.
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The federal government has unveiled a new fixed tax scheme for small traders and retailers as part of its broader strategy to expand the tax net and increase revenue collection. Finance Minister Muhammad Aurangzeb announced the initiative during a joint press conference with Minister of State for Finance Bilal Azhar Kayani in Islamabad.
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ISLAMABAD: Asim Ahmad, Chairman, Federal Board of Revenue (FBR) on Monday said there is no audit of the IT sector due to fixed tax regime. There is no audit of IT sector export-oriented companies through budgetary measures in the current financial year for ensuring ease of doing business and reducing the cost of tax compliance. […]
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ISLAMABAD: Small retailers or a shopkeepers have to pay double the amount of fixed tax in case of not appearing on the Active Taxpayers List (ATL). The federal government through the Finance Bill, 2022 introduced a scheme of fixed tax for small retailers. However, the National Assembly approved the bill with certain changes in the […]
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ISLAMABAD: Federal Board of Revenue (FBR) likely to fix an amount of Rs20,000 per year as income tax for shopkeepers operating business in a covered area up to 150 square feet. This fixed rate shall be for shopkeepers not in categorized areas. Sources in FBR said that the fixed tax rates likely to be for […]
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ISLAMABAD: The chairman of Federal Board of Revenue (FBR) on Friday constituted a committee to finalize fixed tax scheme and simplified tax procedure for traders. The committee has been constituted comprising following members: 01. Ms. Nausheen Amjad, Member (TPA) – Convener 02. Faheem ul Haq, Member, Accounting 03. Ms. Seema Shakeel, Member (IR-Operations) 04. Dr. […]
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