The FBR has issued a notification for the Trader Friendly Special Procedure 2024. Traders and shopkeepers can register themselves from 1st April to 30th April 2024. Under this procedure, they’ll have to follow a trader-friendly special process. The first collection of monthly advance income tax will be on July 15, 2024, followed by the 15th of each month. This applies to various schemes including manufacturers/retailers, importer/retailers, small traders, shopkeepers, wholesalers, and retailers.
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Registration will take place in Karachi, Lahore, Peshawar, Rawalpindi, Quetta, and Islamabad. The minimum advance tax for traders and shopkeepers will be Rs 1200. The deadline for registration is April 30, 2024.
FBR Trader Friendly Special Procedure 2024 Notification
