On 7 September 2026, the Federal Board of Revenue (FBR) conducted a dedicated seminar at the Islamabad Chamber of Commerce & Industries to promote the Asaan Tajir (Easy Trader) simplified income tax return filing scheme. This initiative targets small traders and retailers who often face complexity in standard tax compliance. The seminar provided hands-on guidance on the streamlined return form, eligibility criteria, and the digital submission process via the IRIS portal. FBR officials emphasized that the Asaan Tajir scheme reduces the filing burden by eliminating unnecessary annexures and allowing turnover-based taxation for qualifying businesses with annual turnover up to Rs. 100 million. The event aligns with the government’s broader strategy to broaden the tax base and encourage voluntary compliance among the informal retail sector.
Key Takeaways
- Simplified Filing for Small Traders: The Asaan Tajir return requires only basic business information and turnover declaration, removing the need for detailed profit and loss statements or wealth statements for eligible taxpayers.
- Digital-First Approach: Returns must be filed electronically through the IRIS system, with FBR providing on-site assistance for registration and e-enrollment during the seminar.
- Compliance Incentives: Participants were informed about reduced audit risk and faster refund processing for consistent filers under the scheme, encouraging sustained participation in the formal tax net.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement