The Federal Board of Revenue (FBR) has issued a notification for the Trader Friendly Special Procedure 2024. Registration for traders and shopkeepers will commence on April 1st.
Under this procedure, dealers and shopkeepers will follow a trader-friendly special process. The registration period for them begins on April 1st.
The first monthly advance income tax collection date is set for July 15, 2024. Following that, the advance income tax collection date will be the 15th of each month. This includes schemes for manufacturers/retailers, importer/retailers, small traders, shopkeepers, wholesalers, and retailers.
Registration will take place in Karachi, Lahore, Peshawar, Rawalpindi, Quetta, and Islamabad. The minimum advance tax for traders and shopkeepers is Rs 1200.
The deadline for registration is April 30, 2024.
