The Federal Board of Revenue (FBR) has introduced a new feature in its Tax Asaan app called the Tajir Dost Scheme. This scheme is specifically designed to help unregistered businesses in Pakistan come into the formal tax system by declaring their assets and income. If you’re a business owner who hasn’t registered yet, this guide will walk you through everything you need to know about registering for the Tajir Dost Scheme.
| Feature | Details |
| Scheme Name | Tajir Dost Scheme |
| App Required | Tax Asaan |
| Target Audience | Unregistered businesses |
| Benefits | Reduced tax rates, simplified procedures |
This scheme is a great opportunity for businesses to regularize their operations and enjoy benefits like reduced tax rates and easier tax compliance.
Table of Content
What is the Tajir Dost Scheme?
The Tajir Dost Scheme is a voluntary tax compliance program launched by the FBR to encourage unregistered businesses to declare their assets and income. The main aim of this scheme is to bring more businesses into the tax net, which will, in turn, help the economy grow. The Tajir Dost Scheme offers several benefits to businesses, including reduced tax rates and simplified tax procedures, making it easier for them to comply with tax laws.
Key Benefits of the Tajir Dost Scheme
- Reduced Tax Rates: Businesses can benefit from lower tax rates by registering under this scheme.
- Simplified Procedures: The scheme simplifies the tax compliance process, making it easier for businesses to meet their tax obligations.
- Economic Growth: By increasing the number of registered businesses, the scheme helps boost the national economy.
- Legal Security: Businesses that register under this scheme can regularize their operations and avoid legal issues related to non-compliance.
Tajir Dost Scheme Eligibility
The Tajir Dost Scheme primarily targets unregistered businesses in Pakistan. Although the official eligibility criteria have not been fully detailed, it is likely that the scheme is aimed at certain types of businesses. Here are some examples of businesses that might be eligible:
- Retail Stores: Small shops and retailers that have not yet registered for taxes.
- Wholesalers: Businesses that sell goods in bulk to other businesses or retailers.
- Service Providers: Companies offering services such as repairs, consulting, or other professional services.
These businesses are encouraged to join the scheme to declare their assets and income, which will allow them to benefit from the reduced tax rates and simpler procedures.
How to Register for the Tajir Dost Scheme?
Registering for the Tajir Dost Scheme is straightforward, especially with the FBR’s Tax Asaan app. Here’s a step-by-step guide on how to do it:
- Download the Tax Asaan App: Start by downloading the Tax Asaan app from the Google Play Store or Apple App Store.
- Open the App: Once the app is installed, open it on your smartphone.
- Find the “Tajir Dost Scheme” Option: Look for the “Tajir Dost Scheme” option within the app. It might be prominently displayed since it’s a new feature.
- Follow the On-Screen Instructions: After selecting the Tajir Dost Scheme option, follow the on-screen instructions. You will need to enter important details like your ID card number and mobile number.
- Submit the Form: Once all the required information is entered, submit the registration form.
By following these steps, you can easily register for the Tajir Dost Scheme and start benefiting from its offerings.
Must-Register Cities in Pakistan for the Tajir Dost Scheme
In Pakistan, there are certain cities where registration under the Tajir Dost Scheme is mandatory. If your business operates in any of these cities, you need to ensure that you register under this scheme. Here are some of the cities where registration is compulsory:
- Lahore
- Karachi
- Islamabad
- Faisalabad
- Peshawar
- Quetta
- Multan
- Rawalpindi
These cities are key business hubs in Pakistan, and it is important for businesses operating here to comply with the tax regulations by registering under the Tajir Dost Scheme.
Conclusion
The FBR’s Tajir Dost Scheme is an excellent initiative for bringing unregistered businesses into the formal tax system. With its benefits of reduced tax rates, simplified procedures, and the potential to boost economic growth, this scheme provides a golden opportunity for businesses to regularize their operations. By following the easy registration steps through the Tax Asaan app, business owners can ensure they are compliant with tax laws and take advantage of the scheme’s offerings.
Also Read: Big Update: Maryam Nawaz Reveals Plans for ‘Apni Chhat, Apna Ghar’ Scheme
FAQs
1. What is the Tajir Dost Scheme?
The Tajir Dost Scheme is a voluntary tax compliance program aimed at helping unregistered businesses in Pakistan declare their assets and income, offering benefits like reduced tax rates and simplified procedures.
2. Who is eligible to register for the Tajir Dost Scheme?
The scheme primarily targets unregistered businesses such as retail stores, wholesalers, and service providers across Pakistan.
3. How can I register for the Tajir Dost Scheme?
You can register for the scheme by downloading the Tax Asaan app, finding the Tajir Dost Scheme option, and following the on-screen instructions to submit your details.
4. Is registration under the Tajir Dost Scheme mandatory in all cities?
No, but it is mandatory in several key cities across Pakistan, including Lahore, Karachi, Islamabad, and others. If your business operates in these cities, registration is compulsory.