CNIC condition re-enforced on purchases exceeding PKR 50,000.

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.

https://earthpk.com/fbr-identifies-cases-money-laundering-remote-areas

 

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FBR spokesperson Dr. Hamid Ateeq Sarwar said that the condition to display CNIC at the 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 CNIC provided, he added.

CNIC now required for purchases over PKR 50,000

Dr. Sarwar revealed that some traders were using fake CNIC 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.