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The government has planned to bring 3.5 million small shopkeepers and traders with annual turnover of Rs200m into tax net during 2026-27.—PPI/file ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a simplified and voluntary income tax regime for small shopkeepers, offering exemption from routine audit, withholding tax obligations and mandatory digital invoicing in a fresh attempt to broaden the country’s narrow tax base. The draft Special Procedure for Small Shopkeepers, issued on Tuesday, will be finalised within one week after objections and suggestions from the public. Under the proposal, individual retailers with an annual turnover of up to Rs200 million will have the option of paying income tax equal to one per cent of their gross turnover instead of filing returns under the normal taxation regime. However, participating retailers will have to pay a minimum cash tax of Rs25,000 even if taxes already deducted at source exceed their liability. Any excess withholding tax will not be refundable. The...
US cases of an intestinal infection from the cyclospora parasite that causes diarrhoea, nausea and other gastrointestinal symptoms have surged in recent days, with 34 states reporting infections, according to the U.S. Centres for Disease Control and Prevention (CDC). Michigan, which reported its outbreak in May, recorded 3,309 cases on Tuesday. What is it? Cyclosporiasis is an intestinal infection that can be contracted by consuming food, typically raw fruits and vegetables, or water contaminated with faeces, that transmit the cyclospora parasite, according to the CDC. Symptoms can range from mild to severe, with children, older adults and people with weakened immune systems facing a higher risk of serious illness. A crate of iceberg lettuce. — Reuters/File While cyclosporiasis is rarely life-threatening, untreated infections can persist for weeks and may lead to hospitalisation, particularly because of dehydration. The US has had previous outbreaks of the disease. Michigan, for instance, said it typically re...12682 items