Business Desk 
Jul 16, 2025
The Federal Board of Revenue (FBR) has announced that no tax will be deducted on bank deposits of Rs200,000 from the depositor.
During the Revenue Division’s meeting with the All-Pakistan Traders Organisation, the FBR revealed that no tax will be imposed on small traders and retailers for the Rs200,000 bank deposit.
According to the FBR, digital invoicing will not apply to small traders and retailers. However, it will be implemented in phases, limited to business-to-business transactions involving sales tax-registered companies.
Trader representatives will also be included in the digitalisation committee. The FBR noted that the newly introduced sales tax laws 37A and 37B do not apply to small traders, and no large industrialist will be arrested under these provisions.
The laws are solely aimed at preventing fake invoicing. It was highlighted that a separate meeting would be held to develop a new mechanism regarding customs raids in markets.
Additionally, traders will be consulted for any tax reforms related to mobile phones.
Business leaders Kashif Chaudhry, Khawaja Salman Siddiqui, and Sharjeel Mir participated in the talks and firmly emphasised that the business community will not accept “cruel taxes” under any circumstances from the government.
