FBR to slap 10pc withholding tax on unregistered retailers

ISLAMABAD: After an unsuccessful voluntary registration push for the Tajir Dost Scheme (TDS), the Federal Board of Revenue (FBR) has proposed increasing withholding tax on supplies to non-filer wholesalers and traders, official sources told Dawn on Wednesday.

The FBR announced a sweeping registration drive under the TDS, offering incentives to traders and wholesalers to register voluntarily into the formal tax framework by the April 30 deadline.

In the first month of voluntary registration under TDS...