FBR

The Federal Bureau of Revenue (FBR) is all set to make changes in the current tax scheme that traders want.

FBR sources said that if traders are ready, the amendment note can be issued immediately, according to which small traders will be exempted from tax.

Trader-Friendly Scheme will not be returned under any circumstances, Chairman FBR

Apart from this, the income tax return form will be issued in plain and simple Urdu language, including the proposal not to apply sales tax on annual turnover of Rs 10 crore.

Sources say that the Federal Board of Revenue is also likely to amend the income tax table for businessmen.