FBR to get real-time data of financial transactions

ISLAMABAD: Federal Board of Revenue (FBR) will get real-time data of financial transactions of the banking system by end of this year. Read more »

Hafeez Shaikh terms agreement with traders to increase tax revenue

ISLAMABAD: Dr. Abdul Hafeez Shaikh, advisor to Prime Minister on Finance and Revenue, on Wednesday confirmed the agreement between the government and traders on various tax issues, including deferring the condition of... Read more »

CNIC condition on sales tax transactions deferred till January 2020, traders claim

ISLAMABAD: Federal Board of Revenue (FBR) has agreed to defer the implementation till January 31, 2020 of condition of Computerized National Identity Card (CNIC) information on a sale transaction above Rs50,000, claimed... Read more »

Opposition to CNIC condition because of misunderstanding: State Bank

KARACHI: State Bank of Pakistan (SBP) on Monday said opposition from traders against CNIC condition on sales transactions was because of misunderstanding. Read more »

Tax evading manufacturers, commercial importers supporting traders’ protest

ISLAMABAD: A large segment of tax evaders in manufacturing sector and commercial importers are behind the traders’ protest in order to force tax authorities to withdraw condition of computerized national identity card... Read more »

FBR warns sellers against using CNICs of employees to fulfill condition

ISLAMABAD: Federal Board of Revenue (FBR) has warned sellers against using CNIC/NTN of their employees to fulfill condition in case supplies made to unregistered persons. Read more »

CNIC condition on purchases remain part of law, deferred till September: FBR chairman

KARACHI: The chairman of Federal Board of Revenue (FBR), Shabbar Ziaid on Wednesday said that condition of providing Computerized National Identity Card (CNIC) on purchase of above Rs50,000 is remain part of... Read more »

FBR defers action against traders till September 30

ISLAMABAD: Federal Board of Revenue (FBR) has decided not to take any adverse action under tax laws against traders till September 30, 2019 regarding information obtained through Computerized National Identity Card (CNIC). Read more »

Female consumers can present CNIC of husband, father for purchase above Rs50,000: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Monday said that female consumer can present CNIC of her husband or father for making purchase above Rs50,000. Read more »

No compromise on documentation of economy: FBR chairman

ISLAMABAD: Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) on Friday said that the government will not compromise documentation of economy by surrendering condition of CNIC on purchases. Read more »

FBR taking all measures to broaden tax base: Shabbar Zaidi

ISLAMABAD: Syed Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) has said that the government is taking all measures to broaden the tax base without hurting any sector of the economy. Read more »

Finance Act 2019: CNIC condition for sales tax invoices applicable from August 01

KARACHI: The condition of obtaining CNIC number for unregistered persons at the time of supplies by registered person will be applicable from August 01, 2019. The condition has been proposed to be... Read more »