Tag Archives: Cabinet green-lights simplified tax scheme for traders

ISLAMABAD: The federal cabinet approved on Tuesday a simplified scheme for taxing the indicative incomes of traders, retailers and specified people to raise an additional revenue of Rs400 billion to Rs500 billion. The proposal was approved as part of the Federal Board of Revenue’s (FBR) restructuring plan in a federal cabinet meeting chaired by Caretaker Prime Minister Anwaarul Haq. However, …

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