Dhaka, May 25 -- A new fiscal measure to bring retail businesses under the tax net by introducing a nominal turnover tax is set to come in the upcoming FY27 budget.

The model, the first of its kind, would help the government mop up revenue from the informal economy.

Under the measure, dealers or manufacturers would deduct a 0.2 per cent tax on the supply of goods to retail shops.

Income tax officials will connect the tax payment through A-challan on the mobile app.

A senior tax official says retailers will get a text message (SMS) on their mobile phones every three months about the amount of taxes they have paid so far.

With this, retailers would be able to know whether they have taxable income or not, he says.

The tax model has pro...