ISLAMABAD – The caretaker federal government has approved the launch of “Tajir Dost” [Trader Friend] mobile app to tax a large number of retailers.
The Pakistan Revenue Authority Limited (PRAL), a subsidiary of the Federal Board of Revenue (FBR), has developed the mobile App, which will be used to register retailers and traders across the country. The data of the traders, who are already registered with the FBR, will be updated in the database of the app.
Reports said that the income of the retailers and traders would be determined equal to the annual rental value of the shop. Following the registration, they will be bound to submit income tax returns every year.
The top tax authority is also considering an option to add online retailers to the tax net in order increase the revenue generation.
The Tajir Dost App will be made easy as taxpayers will need to enter minimal data. It will also reduce the taxpayers dependence on is tax consultant.
The app will automatically calculate the monthly tax for the shopkeepers. The proposed scheme will cover all shopkeepers providing services or supplies of goods including professions etc.
The government can announce the launch of the scheme anytime soon.
