Islamabad: The Federal Board of Revenue (FBR) has introduced the Tajir Dost Scheme (TDS) to enhance tax revenue and formalise the economy, according to news sources on April 3. Despite initial challenges, the scheme has attracted widespread attention, with hundreds of traders showing interest in joining.
Further details reveal that the FBR plans to increase withholding tax rates for non-registered traders and wholesalers. The initiative emphasises awareness and simplification of the registration process, highlighting the government’s support for small businesses. Projections suggest a significant boost to annual tax revenue by integrating previously unregistered traders.
