The Karachi Chamber of Commerce and Industry (KCCI) has recommended that the Federal Board of Revenue (FBR) impose a value-added tax (VAT) on supplies made to individuals who fail to provide their Computerized National Identity Card (CNIC) number.
Under the existing Sales Tax Act, registered sellers are required to provide the CNIC number of unregistered buyers. However, despite compliance, registered sellers are still obligated to pay a 3% Further Tax (Penal Tax) on supplies made to unregistered persons. Additionally, if an unregistered buyer provides a fake CNIC number, the registered seller becomes liable and faces consequences.
Source: pkrevenue.com
Latest Posts in "Pakistan"
- Extension of Sales Tax Notification Deadline from November 2025 to February 2026 by FBR
- FBR Notifies Amendments to Customs Rules 2001 Regarding EFS and Input Goods Utilization
- FBR Notifies Amendments to Customs Rules for Cargo and Transshipment Procedures, March 2026
- Draft Amendments to Income Tax Rules Introducing Mandatory Electronic Invoicing & POS Integration
- FBR Proposes Mandatory Electronic Invoicing for Notified Businesses Under Draft Income Tax Rules 2026
