Relevant SROs: S.R.O. No. 457 (I)/2024 dated the 30th March 2024 amended vide S.R.O. 1064 (I)/2024 dated 22nd July 2024
The Federal Board of Revenue (FBR) has introduced the Tajir Dost Scheme to encourage unregistered businesses to declare their income and assets and become part of the tax net. This guide outlines the registration process and tax calculation methods under the scheme.
This voluntary tax compliance scheme offers benefits to unregistered businesses, including potentially reduced tax rates and simplified filing procedures. Businesses can declare their income and assets under the scheme.
Official confirmation regarding eligibility is pending. However, the scheme likely targets unregistered businesses, particularly in sectors like:
As per SRO 1064(I)/2024, the following cities require compulsory registration:
S.R.O. 1064 (I)/2024 clarifies and expands the scope of the Tajir Dost Special Procedure 2024.
Key Points
The scheme uses an indicative income-based tax calculation method. This means the tax liability is determined
based on an estimated income, not detailed financial records. The "indicative income" refers to income determined
by the Board based on factors such as rental value, location, and fair market value of the business property. This
income is the basis for calculating advance tax.
Tax Slabs and Rates of Tajir Dost in Pakistan
The table below outlines the indicative income slabs and corresponding annual and monthly tax amounts:
| Indicative Income | Annual Tax | Monthly Tax |
|---|---|---|
| Up to Rs. 600,000 | Rs. 1,200 | Rs. 100 |
| Rs. 680,000 | Rs. 12,000 | Rs. 1,000 |
| Up to Rs. 1,000,000 | Rs. 60,000 | Rs. 5,000 |
| Rs. 1,350,000 | Rs. 120,000 | Rs. 10,000 |
| Rs. 1,833,333 | Rs. 240,000 | Rs. 20,000 |
| Rs. 2,233,333 | Rs. 360,000 | Rs. 30,000 |