FBR Makes CNIC Mandatory For Purchases Over Rs50,000

FBR Makes CNIC Mandatory For Purchases Over Rs50,000
The Federal Board of Revenue (FBR) has notified that it was mandatory for a citizen to show his or her Computerised National Identity Card (CNIC) in case he/she wanted to buy a product of over Rs50,000 from a sales tax-registered seller.

The condition of showing CNIC at the time of purchase had been waived in July 2019 in an effort to facilitate traders. The condition is being enforced again. The board would only monitor business-to-business purchases to identify tax evaders.

The main purpose behind the move is to document business-to-business transactions, as only a few individual consumers made purchases greater than Rs50,000 and that too from sales tax-registered persons.

  • In: Lifestyle