The Federal Board of Revenue (FBR) is set to collaborate with the traders’ community to review the valuation tables used for determining the monthly advance tax on commercial properties, including shops and retail outlets.
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A delegation from the All Pakistan Anjuman-i-Tajran, led by President Ajmal Baloch, met with FBR officials to discuss the valuation tables and their impact on businesses nationwide. Following the meeting, Baloch announced that the association had expressed concerns regarding the current valuation tables.
In response, the FBR has agreed to establish a four-member committee consisting of representatives from both the FBR and the traders’ community. This committee will be tasked with reviewing the valuation tables and addressing the issues raised by the business sector.
