Islamabad: The Federal Board of Revenue (FBR) has issued an amended Tajir Dost Special Procedure for 2024, establishing new fixed monthly tax rates for shops in Lahore, Karachi, Islamabad, and several other cities. This update was reported by a news source on July 25.
According to the new regulations, the monthly fixed tax rates for shops in these cities are set as follows:
Islamabad
- Jinnah Super (Market F-7): PKR 60,000
- Supermarket, Ground Floor, Sector F-6: PKR 60,000
- Supermarket: PKR 30,000 for the other floors in Sector F-6
- Melody Market (Ground Floors): PKR 60,000
- Melody Market (Backside Shops): PKR 45,000
- Sectors A, B, C Bahria Enclave and Sector H, G: PKR 60,000
Karachi
- Market Quarters, Jinnah Road, Karachi Marriot Road: PKR 60,000
- Bath Island (Facing Khayaban-e-Iqbal Road): PKR 60,000
- Burns Road, Bhori Bazaar, Bombay Bazaar: PKR 60,000
- Clifton Quarters (Excluding Shireen Jinnah Colony and Clifton Block-I): PKR 60,000
- The cost is PKR 45,000 for Commissioner Society and Humayun Street (DHA Phase VII Extension and VIII Extension).
- Defence Housing Authority Phase I-VIII (Excluding Commissioner Society and Humayun Street): PKR 60,000
- II Dehli Mercantile and Chundrigar Road: PKR 60,000
- Joria Bazaar, Junna Market, KDA Office Housing Society, KDA Scheme No 1 and 1A, Kagzi Bazaar: PKR 60,000
- Cooperative Housing Society and Karachi Administrative Cooperative Housing Society: PKR 45,000
Lahore
- Shahalam Gate (E-Ward), Ravi Town: PKR 60,000
- PKR 30,000 for Montgomery Road, Data Gunj Buksh Town
- Rangmahal Main (E-Ward), Ravi Town: PKR 60,000
Sialkot
- Daska’s Main Road; Bank Road (Front); Bano Bazaar; Bansa Wala Bazar: Al-Fatah Market: PKR 20,000
- PKR 30,000 at Main Bazaar Daska on Main Road
Rawalpindi
- Adam jee Road: PKR 60,000
Faisalabad
- Faisalabad City Chak No 212 RB, Block Karkhana Bazar, Montgomery Bazar Remaining Commercial, City, Faisalabad; Jhang Bazar Circular Road, City, Faisalabad; Jhang Bazar Gole Karyana/Lakarwala, City, Faisalabad; D-Ground Peoples Colony Shop in Big D-Ground Peoples Colony, City, Faisalabad: PKR 45,000
The amended procedure aims to standardize the tax regime for shop owners in various cities, ensuring uniformity and simplifying the tax collection process. The FBR’s initiative under the Tajir Dost Scheme is expected to improve compliance and ease the financial burden on small business owners by introducing fixed tax rates based on the location and commercial value of the shops.
This move is part of the broader effort to enhance revenue collection and streamline tax procedures across the country. The implementation of these rates will be closely monitored to assess their impact on both the businesses and the tax collection system.
