AJ Sid & Co.’s Post

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Federal Board of Revenue (FBR) has introduced exemptions from mandatory online integration for a variety of businesses, aiming to promote ease of doing business and accommodate diverse sectors of the economy. The move, outlined in the recently issued SRO 428(I)/2024, reflects the FBR's commitment to supporting entrepreneurship and innovation by providing relief and streamlining regulatory requirements for various enterprises. The exemptions cover a wide range of sectors, including: Restaurants Hotels Inter-city travel services Personal care services Medical service providers Photographers Videographers Event managers Retailers Educational institutions Each exemption is tailored to the specific operational characteristics and financial thresholds of the respective businesses, ensuring a fair and pragmatic approach to regulation. For example, restaurants and hospitality establishments without air conditioning facilities, smaller inter-city travel services, personal care service providers without air-conditioning, and more are among those eligible for exemptions. #FBR #BusinessExemptions #EaseofDoingBusiness #Entrepreneurship #Innovation #EconomicProsperity

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