Monday, October 26, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 424536/tola
Breaking
Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel
Pakistan

FBR Offers Shopkeepers 1pc Turnover Tax and No Audit

Under SRO 1166(I)/2026 small retailers can pay 1 percent of turnover with a minimum of Rs25,000, file a one-page return, and be exempted from routine audit, POS integration and digital invoicing.

FBR Offers Shopkeepers 1pc Turnover Tax and No Audit

The Federal Board of Revenue is urging small shopkeepers and retailers to opt into a voluntary simplified tax scheme (Dawn).

The terms

| | | |—|—| | Rate | 1pc of turnover | | Minimum tax | Rs25,000 | | Return | one page | | Exempt from | routine audit, POS integration, digital invoicing |

The FBR’s slogan for it is “One Page, One Return, One Percent”. It is made under SRO 1166(I)/2026.

Registered shops receive a green identification plate, under which, in the board’s description, “field teams would generally not enter a registered business premises unless a major anomaly was identified.”

Chief Commissioner (Inland Revenue) Lahore Fiza Batool presented it at the Lahore Chamber of Commerce and Industry on Tuesday. The board has set up a helpline, a WhatsApp facility and an open-court mechanism for grievances.

What is actually being traded

The state is offering to stop looking. Audit exemption, no point-of-sale integration and no digital invoicing mean the FBR gives up the tools by which it would verify a turnover figure — in exchange for the shopkeeper declaring one at all.

For a sector that has defeated every documentation attempt for thirty years, that may be the only trade available. It is still worth naming: this scheme collects revenue by abandoning verification, and the 1 percent is levied on a number the taxpayer supplies and nobody checks.

The green plate is the interesting detail

“Field teams would generally not enter” is protection from harassment, and harassment by tax officials is a real and documented grievance. It is also, read the other way, an official acknowledgement that entry by field teams is a thing shopkeepers need protecting from.

What is not established

No figure has been published for how many retailers have opted in, or for expected revenue. No deadline for opting in was reported. Retailer representatives were not quoted, so the response of the trader bodies that have blocked previous schemes is unknown.

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
Powered by: Frontpage.dev
WP Twitter Auto Publish Powered By : XYZScripts.com