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You will have to show CNIC for a purchase worth over Rs. 50K

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  • Post category:Economy / Featured
  • Post last modified:02/02/2020
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ISLAMABAD: According to FBR notification circulated on Saturday a citizen will have to show CNIC in order to purchase a commodity  worth over Rs. 50, 000 from a sales tax-registered seller, 1st of Feb. 2020 onwards. 

It is pertinent to mention here that due to protest by traders the CNIC condition had been waived in July 2019. However, using the data FBR plans to monitor business-to-business purchases in order to identify tax evaders. The validity of CNICs would be verified via NADRA database.

According to details there are 41,484 sales tax-registered individuals paying taxes and also filing returns.

Relevant piece published earlier: 

All commercial consumers are required to register for tax purposes: FBR

KARACHI: Chairman FBR Syed Shabbar Zaidi has taken to the twitter today to proclaim about launch of an aggressive drive from 15th to October, 2019 in order to augment the tax net.

FBR“All industrial and commercial consumers are necessarily required to be registered for tax purposes. FBR had been using persuasive modus operandi for the same. In order to achieve the desired results an aggressive drive will be undertaken from October 15, 2010,” tweeted the Chairman FBR.

No action against traders till 30th Sept. : FBR

ISLAMABAD: Federal Board of Revenue (FBR) agreed with consensus that no action under the Income Tax Ordinance 2001 and Sales Tax Act, 1990 would be undertaken against the traders till 30th September, 2019.

Chairman Federal Board of Revenue Shabbar Zaidi held a meeting with all groups of traders of Pakistan on 8th August, 2019 at FBR and discussed various issues about the traders, said press release issued by FBR here on Thursday.

It had inter alia been agreed that no adverse action under the Income Tax Ordinance 2001 and Sales Tax Act, 1990 would be undertaken against the traders merely on the basis of information emanating from providing of CNIC under the Sales Tax Act, 1990 as required under the Finance Act, 2019 for traders till 30th September, 2019.

There would be discussion between the associations and bodies of the traders for the finalization of Scheme for small shopkeepers for which drafts had been furnished by various trade bodies which would be taken into consideration by the FBR.

FBR registers 43,000 more filers than past year

MULTAN: At least 43,000 people have submitted tax returns before the last date- August 9.

This was said by Additional Commissioner Headquarters FBR Abid Hussain Gulshan during an interview.

It was all time high ratio in history of regional tax office, he said. He added 102,000 people hailing

from public departments and the business community submitted their returns till date while in the last year 77,000 people had registered themselves as filers.

He expressed satisfaction over colossal response of clients and hoped that number of filers would increase till August 9.

He said soon after completing the filing process, an audit would be launched. Abid Hussain added they were providing good services to visitors.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.