Islamabad: The Federal Board of Revenue (FBR) on Saturday re-imposed the Computerised National Identity Card (CNIC) condition for citizens who seek to purchase goods in excess of PKR 50,000 from tax-registered sellers, according to the news sources.
FBR
spokesperson Dr Hamid Ateeq Sarwar said that the condition to display CNICs at
time of purchase had been dismissed in July 2019 in a bid to facilitate
traders. He added that the requirement was reinstated on February 1.
He said that the board would only monitor business-to-business purchases (as opposed to individual consumers) to identify tax evaders. The FBR will connect its system with that of the National Database and Registration Authority (NADRA)’s to validate the CNICs provided, he added.
Dr Sarwar revealed that some
traders were using fake CNICs to record their transactions and the NADRA
verification system could help prevent this illegal practice. He stated that the
CNIC policy does require buyers to be registered persons under the tax law.
Sales to non-registered individuals remain allowed.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
