Archive · Business Recorder
Retailers must not be allowed to evade taxes
EDITORIAL: The Federal Board of Revenue’s (FBR’s) decision to begin nationwide mapping of markets and individual shops is a logical next step after the poor response to the government’s Asaan Tax Scheme for retailers as out of 1016 returns filed by retailers under the scheme only 91 are new filers. FBR field officers will be visiting markets alongside trader representatives, identifying individual shops and creating awareness about registration and filing. The scale of the task is evident from the gap between the country’s roughly 4.3 million commercial WAPDA electricity meters and the only 60...
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