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Tag: Small Traders

reserved seats
Pakistan
  • Web Desk
  • Jan 24, 2025
KP plans to tax agriculture income, establish new force

Tax will be levied on cultivated land exceeding 50 acres and uncultivated land exceeding 100 acres. Farmers failing to pay the tax will face a penalty of 0.1% per day, which will be imposed by the tax collector. 

China border pass
Pakistan
  • Tanveer Abbas
  • Jan 22, 2025
Rs5m bank statement now mandatory for China border pass

Under the revised SOPs for the business category, a bank statement showing a minimum transaction of Rs5 million, along with a Business Registration Certificate from the GB Commerce and Industries Department and a membership letter from a registered chamber of commerce, has been made mandatory.

POS invoicing prize scheme
Business
  • Web Desk
  • Oct 06, 2023
FBR considering new taxation strategy for retailers

In a bid to streamline tax collection, the Federal Board of Revenue (FBR) is contemplating the implementation of a fixed tax system ranging from Rs1,000 to Rs5,000 per month for 3.6 million retailers nationwide.

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