
FBR Proposes 1% Turnover Tax for Small Shopkeepers
ISLAMABAD: Proposed by the Federal Board of Revenue, a simplified, voluntary taxation system for small shopkeepers is among the most business-friendly taxation schemes proposed by any government of Pakistan in recent history; the scheme involves a flat 1 percent rate on turnover tax, exemption from audits, withholding tax, and mandatory electronic billing. The FBR small ... Read more
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