ISLAMABAD: The Federal Board of Revenue (FBR) is considering a proposal for business community to broaden the tax net. According to the proposal, if traders and industrialists disclose their hidden income, a low tax rate will be applied on them.
Sources told Customs Today that the FBR is ready to discuss this proposal and some concessions will be announced for the traders and industrialists as part of a package.
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Besides, the FBR is also considering offering a relief package for traders and industrialists according to which if they disclose their hidden income and details of property, their source of income will not be investigated and the government will provide all necessary protection to their revenue.
