BREAKING NEWS! What is the “Tajir Dost Scheme”? Who will be able to Register in this Scheme in 2024?

The goal of the Tajir Dost Scheme 2024, unveiled by the Federal Board of Revenue (FBR) in Islamabad, is to include small retailers and traders in the tax system. The government’s objective of increasing revenue production and formalizing enterprises nationwide aligns with this initiative.

Registering traders and shopkeepers 

The plan requires registration from all traders and shopkeepers operating from fixed business premises, including offices, warehouses, shops, and similar locations inside civil bounds, including cantonments. Starting on April 1, 2024, merchants will be able to register.

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Introducing in 6 cities

The program has the potential to grow after being introduced in six major cities: Islamabad, Rawalpindi, Karachi, Lahore, Quetta, and Peshawar. Monthly advance tax payments under the Tajir Dost Scheme will begin on July 1, 2024, with the first payment due on July 15, 2024. The FBR’s web portal or the Tajir Dost module will generate a Payment Slip ID (PSID), which may be used to make convenient payments using a dedicated computerized system. Subsequent payments are scheduled to be due on the 15th of each following month, according to a private news station.

Tax Facilitation Centers of FBR in 2024

If you want to register, the Tax Facilitation Centers of FBR are the place to go. April 30 is the deadline for registering under the program. According to the notification, eligible people who fail to apply for registration will be registered under the scheme by the Commissioner of Inland Revenue.

TopicDetails
Scheme NameTajir Dost Scheme 2024
ObjectiveInclusion of small retailers and traders in the tax system
Registration PeriodApril 1, 2024 – April 30, 2024

The Portal of FBR

They may also submit an application for registration via the Federal Board of Revenue’s web page.

Note

For registration and minimum advance tax payment, the Tajir Dost Scheme, 2024 will apply to traders and shopkeepers operating through a fixed place of business, such as a shop, store, warehouse, office, or similar physical place located within the territorial civil limits, including cantonments in Karachi, Lahore, Islamabad, Peshawar, Quetta, and Rawalpindi.

Also Read: How do you get free solar panels from the Punjab government?

FAQ’s

In which 6 cities is the Program started?

The names of the cities are Karachi, Lahore, Islamabad, Peshawar, Quetta, and Rawalpindi.

What is the requirement of the scheme?

The plan requires registration from all traders and shopkeepers operating from fixed business premises, including offices, warehouses, shops, and similar locations inside civil bounds, including cantonments.

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