FBR unveils simplified tax scheme for small shopkeepers in TY2026
The Federal Board of Revenue (FBR) has rolled out an optional simplified income tax regime for eligible individual small shopkeepers for Tax Year 2026, fixing tax at 1% of gross turnover subject to a minimum cash payment of Rs25,000, along with simpl
July 29, 2026 (MLN): The Federal Board of Revenue (FBR) has rolled out an optional simplified income tax regime for eligible individual small shopkeepers for Tax Year 2026, fixing tax at 1% of gross turnover subject to a minimum cash payment of Rs25,000, along with simplified return filing and exemption from several compliance requirements. According to Hemani & Associates, the scheme was introduced through S.R....