FBR warns sellers against using CNICs of employees to fulfill condition

Oct 4

Taxation

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. The FBR on Friday issued Sales Tax General Order (STGO) No. 106/2019 regarding definition / rules for CNIC/ good faith for sales tax. Keeping in view the problems reported by […]

by Mrs. Anjum Shahnawaz

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

Aug 28

Taxation

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 law. “However, its application has been deferred till September 30,” he said at an event organized by Management Association of Pakistan (MAP). He […]

by Mrs. Anjum Shahnawaz

FBR defers action against traders till September 30

Aug 8

Taxation

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). FBR Chairman Shabbar Zaidi held a meeting with all groups of traders of Pakistan on Thursday at FBR and discussed various issues about […]

by Mrs. Anjum Shahnawaz

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

Jul 23

Taxation

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

ISLAMABAD, February 20, 2024 – The Federal Board of Revenue (FBR) has issued a clarification stating that female consumers can present the CNIC of their husband or father when making purchases above Rs50,000.

by Mrs. Anjum Shahnawaz

No compromise on documentation of economy: FBR chairman

Jul 20

Taxation

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. He said that the condition of CNIC had been enforced on purchases above Rs50,000. Speaking at a seminar organized by Sustainable Development Policy Initiative (SDPI) on Wednesday, […]

by Mrs. Anjum Shahnawaz

FBR taking all measures to broaden tax base: Shabbar Zaidi

Jul 13

Taxation

FBR taking all measures to broaden tax base: Shabbar Zaidi

Syed Shabbar Zaidi, Chairman of the Federal Board of Revenue (FBR), addressed the media on Friday, affirming the government’s commitment to expanding the tax base while ensuring that no sector of the economy is unduly burdened.

by Mrs. Anjum Shahnawaz

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

Jul 5

2019-2020, Budget, Taxation

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 applicable from July 01, 2019 through Finance Bill 2019. However, through Finance Act, 2019 this condition now will be applicable from August 2019. […]

by Mrs. Anjum Shahnawaz

US Dollar investment certificates launched for overseas Pakistanis

Jan 31

National

US Dollar investment certificates launched for overseas Pakistanis

ISLAMABAD: Prime Minister Imran Khan launched the ‘Pakistan Banao’ US Dollar Certificates exclusively for overseas Pakistanis in a ceremony held here on Thursday.

by Mrs. Anjum Shahnawaz

Profit on Debt: FBR makes mandatory for banks to provide details of account holders

Jan 10

Taxation

Profit on Debt: FBR makes mandatory for banks to provide details of account holders

Islamabad, January 10, 2019 – The Federal Board of Revenue (FBR) has issued a new mandate that compels banks to provide details of individuals receiving profits on their deposits exceeding a certain threshold.

by Mrs. Anjum Shahnawaz