Govt Begins Nationwide Mapping of Markets, Shops for Retailers’ Tax Scheme
Meanwhile, the administration will commence mapping markets and individual shops nationwide from Friday to implement the retailers' fixed tax scheme, with shopkeepers facing penalties for failing to file their returns after the October 15, 2026 deadline.
Meanwhile, the administration will commence mapping markets and individual shops nationwide from Friday to implement the retailers' fixed tax scheme, with shopkeepers facing penalties for failing to file their returns after the October 15, 2026 deadline.
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- Minister of State for Finance and Railways Bilal Azhar Kayani remarked penalties will start at Rs.
- The administration has extended the filing deadline by 15 days to October 15.
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- Kayani directed FBR authorities to prepare daily schedules and visit markets with trader representatives.
Minister of State for Finance and Railways Bilal Azhar Kayani remarked penalties will start at Rs. 10, 000 in the first month after the deadline and rise to Rs. 25, 000 in the second month and Rs. 50, 000 in the third month.
In practice, the administration has extended the filing deadline by 15 days to October 15. While more than 10, 000 have registered with the scheme's app, around 3.7 million retailers remain outside the tax net. So far, only 778 have filed returns, including just four new retailers under the scheme. Economy in Right Direction: Finance Minister.
Kayani directed FBR authorities to prepare daily schedules and visit markets with trader representatives. Every shop will be mapped, and retailers will be briefed on the tax scheme and return filing process.
Meanwhile, the session was additionally informed that a technical matter with the "other income" column in the tax return had been resolved after complaints from traders.
Kayani remarked the scheme was designed in consultation with traders and called on shopkeepers to employ the extended deadline to file their returns before penalties take effect. Stay Connected with ProPakistani.
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In short, govt Begins Nationwide Mapping of Markets, Shops for Retailers' Tax Scheme is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
