THE Hyderabad SITE Association of Trade and Industry has formally endorsed new measures introduced to ease regularisation of businesses, and urged local shopkeepers and traders to register with the FBR. It is not often that the private sector takes initiative in this regard. Registration will allow eligible retailers to avail themselves of FBR’s new Fixed Tax Asaan Scheme, introduced a few months ago to encourage unregistered businesses to enter the formal tax system. Under the scheme, eligible retailers with an annual turnover of up to Rs200m will pay a fixed tax of 1pc of gross turnover, subject to a minimum annual........

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