After the issuance of the procedure, traders and shopkeepers are now legally bound to apply for registration to Commissioner, to obtain a “National Tax Number Certificate”, or through Tax Asaan App, FBR’s portal or FBR’s Tax Facilitation Centers by April 30, 2024.

The special procedure applies to the traders and shopkeepers operating through a fixed place of business including a shop, store, warehouse, office or similar physical place (business premises) in Karachi, Lahore, Islamabad, Rawalpindi, Quetta and Peshawar if they are located within the territorial civil limits including cantonments in these districts.

The board has issued an SRO 457(I) 2024 here on Saturday to notify special procedures for small traders and shopkeepers. The draft was previously published vide Notification S.R.O. No. 420(l) 2024 on March 21, 2024.

On defiance, the Commissioner Inland Revenue shall register the trader or the shopkeeper as the case may be, the board said.

The advance tax payable shall be reduced by 25 percent of the whole or the balance if the person pays in lump sum the whole or the balance, as the case may be, of the remaining advance tax for the relevant Tax Year on or before any of the due dates for payment of such tax. The advance tax payable shall be reduced by 25 percent of the whole or the balance if the person who has not filed income tax return, files income tax return for Tax Year 2023 before the due date for payment of first monthly installment, according to the FBR.