Fixed Tax Asaan Scheme
Coverage of Fixed Tax Asaan Scheme in the Nexus archive.
- Budget for FY2026-27 set to be presented in NA today
The federal budget for FY2026-27 is set to be presented by Finance Minister Muhammad Aurangzeb in Parliament today, featuring new tax measures worth Rs660-700 billion and targeted relief for mid- to upper-income earners. The government aims to expand the tax net through initiatives like the Fixed Tax Asaan Scheme and has reached an agreement with coalition partners to cut expenditures to address a Rs800 billion revenue shortfall.
- Govt launches scheme to bring small shop owners into tax net
The Pakistani government introduced the 'Fixed Tax Asaan Scheme' to simplify tax compliance for small traders with annual turnover up to Rs200 million. The scheme allows a 1% tax rate via a simple form, offers exemptions from audits and POS requirements, and imposes fines on non-participants. It replaces the failed Tajir Dost Scheme and includes optional participation for traders.