Islamabad: The Federal Board of Revenue (FBR) has notified that a Computerised National Identity Card (CNIC) is mandatory for those who make a purchase of over 50 thousand rupees.
The buyers would be required to show their CNICs to the registered sales tax sellers. For female shoppers/buyers, producing CNIC of the father or husband is permissible. However, the buyers don’t need to be registered themselves to show their CNICs.
FBR clarifies that such a step aims at documenting business to business transactions to verify dubious buying activities which result in sales tax evasion.
Currently, there are 41,484 registered sales tax sellers who pay taxes. With presenting of CNIC as a condition, not only the tax net would be broadened, undocumented trade activities would also be discouraged.
The sellers will not be held responsible if the produced CNICs turn out to be fake.
MELBOURNE — A new analysis by Deluxe Holiday Homes has highlighted significant shifts in Melbourne's…
ANKARA — A devastating fire at the Kartalkaya ski resort in northern Türkiye claimed the…
As Vietnam heads into 2025, the real estate market presents a dynamic mix of challenges…
Dubai’s secondary housing market is predicted to see robust growth in 2025, with demand for…
As Los Angeles County grapples with the aftermath of some of the most destructive fires…
On Friday, Azam Nazeer Tarar, the Minister for Law and Justice, informed the Senate that…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
