{"id":101694,"date":"2025-03-17T10:07:11","date_gmt":"2025-03-17T05:07:11","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101694"},"modified":"2025-03-17T10:07:15","modified_gmt":"2025-03-17T05:07:15","slug":"imf-cancels-fbrs-tajir-dost-scheme","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/imf-cancels-fbrs-tajir-dost-scheme.html","title":{"rendered":"FBR exceeds tax goals, IMF cancels Tajir Dost Scheme"},"content":{"rendered":"\n<p>Islamabad: The International Monetary Fund (IMF) has agreed to cancel the Tajir Dost Scheme (TDS) after the Federal Board of Revenue (FBR) reported significantly higher-than-expected tax collections from retailers, wholesalers, and Associations of Persons (AOPs).<\/p>\n\n\n\n<p>According to a report published by The News, tax revenue from these sectors has already surpassed Rs400 billion\u2014far exceeding the Rs50 billion initially projected under the scheme.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-seeks-tax-relief-for-real-estate-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR seeks IMF approval for tax relief on real estate &amp; other sectors<\/a><\/p>\n\n\n\n<p>A senior government official confirmed that the IMF was convinced to drop the TDS after reviewing data that showed FBR\u2019s tax collection efforts, particularly through Sections 236G and 236H, had successfully expanded the tax net by bringing more unregistered businesses into compliance. With four months still left in the fiscal year, the FBR expects tax revenue to increase even further.<\/p>\n\n\n\n<p>Following this development, the FBR has introduced Video Analytics Rules to improve electronic monitoring of production processes. This system aims to track production levels in real-time, ensuring greater tax compliance and transparency.<\/p>\n\n\n\n<p>Meanwhile, discussions between the government and the IMF on reducing tax rates for the real estate sector remain unresolved.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/imf-evaluates-fbr-plan-to-bridge-revenue-shortfall.html\" target=\"_blank\" rel=\"noreferrer noopener\">IMF evaluates FBR\u2019s compliance plan to bridge revenue shortfall<\/a><\/p>\n\n\n\n<p>As part of the revised fiscal framework, the government has reaffirmed its commitment to achieving a tax-to-GDP ratio of 10.6% for the 2024-25 fiscal year. Due to adjustments in economic projections, the FBR\u2019s annual tax target has been revised downward from Rs12.97 trillion to Rs12.35 trillion.<\/p>\n\n\n\n<p>In a separate regulatory move, the FBR has amended the Sales Tax Rules, 2006, making electronic monitoring mandatory for certain industries. Under SRO 364 (I) 2025, manufacturers must install surveillance and analytics equipment to monitor production in real-time. This system will track output, detect unexpected stoppages, and store data for regulatory oversight.<\/p>\n\n\n\n<p>Additionally, companies managing electronic monitoring must now submit an unconditional bank guarantee equal to 5% of the project cost or Rs5 million, whichever is lower. The guarantee will remain valid for the authorization period and may be forfeited in case of non-compliance.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-uses-provincial-data-to-identify-new-taxpayers.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR uses provincial data to identify new taxpayers<\/a><\/p>\n\n\n\n<p>With these measures, the FBR aims to strengthen tax enforcement, expand the tax base, and improve revenue collection efficiency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The International Monetary Fund (IMF) has agreed to cancel the Tajir Dost Scheme (TDS) after the Federal Board of Revenue (FBR) reported significantly higher-than-expected tax collections from retailers, wholesalers, and Associations of Persons (AOPs). According to a report published by The News, tax revenue from these sectors has already surpassed Rs400 billion\u2014far exceeding the Rs50 billion initially projected under the scheme. Read: FBR seeks IMF approval for tax relief on real estate &amp; other sectors A senior government official confirmed that the IMF was convinced to drop the TDS after reviewing data that showed FBR\u2019s tax collection efforts, particularly through Sections 236G and 236H, had successfully expanded the tax net by bringing more unregistered businesses into compliance. With four months still left in the fiscal year, the FBR expects tax revenue to increase even further. Following this development, the FBR has introduced Video Analytics Rules to improve electronic monitoring of production processes. This system aims to track production levels in real-time, ensuring greater tax compliance and transparency. Meanwhile, discussions between the government and the IMF on reducing tax rates for the real estate sector remain unresolved. Read: IMF evaluates FBR\u2019s compliance plan to bridge revenue shortfall As part of&hellip;<\/p>\n","protected":false},"author":18,"featured_media":87304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[63113,63116,3362,60626,11728,34475,3316,63114,5890,63117,63118,58193,6385,31455,60090,32479,63119,63115],"persona":[],"class_list":{"0":"post-101694","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-associations-of-persons","9":"tag-electronic-monitoring","10":"tag-fbr","11":"tag-fiscal-policy","12":"tag-imf","13":"tag-pakistan-economy","14":"tag-real-estate-tax","15":"tag-retail-sector-tax","16":"tag-revenue-collection","17":"tag-sales-tax-rules-2006","18":"tag-sro-364-i-2025","19":"tag-tajir-dost-scheme","20":"tag-tax-collection","21":"tag-tax-compliance","22":"tag-tax-enforcement","23":"tag-tax-to-gdp-ratio","24":"tag-video-analytics-rules","25":"tag-wholesalers-tax","26":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF agrees to cancels FBR&#039;s Tajir Dost Scheme - Zameen News<\/title>\n<meta name=\"description\" content=\"he IMF was convinced to drop the TDS after reviewing data that showed FBR\u2019s tax collection efforts, particularly through..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/imf-cancels-fbrs-tajir-dost-scheme.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF agrees to cancels FBR&#039;s Tajir Dost Scheme - Zameen News\" \/>\n<meta property=\"og:description\" content=\"he IMF was convinced to drop the TDS after reviewing data that showed FBR\u2019s tax collection efforts, particularly through..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/imf-cancels-fbrs-tajir-dost-scheme.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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