FBR waives CNIC condition for traders by 2-month.

Position:Pakistan's Federal Board of Revenue on Computerized National Identity Card

The Federal Board of Revenue (FBR) on Thursday delayed enforcement of Computerized National Identity Card (CNIC) condition on purchase of over Rs50,000 for nearly two months for traders, thwarting a nationwide strike that they were set to observe against the government.

The interim understanding was reached during a meeting between the FBR and various associations of traders with FBR Chairman Shabbar Zaidi in chair.

"It has inter alia been agreed with consensus that no adverse action under the Income Tax Ordinance 2001 and Sales Tax Act 1990 will be taken against the traders merely on the basis of information emanating from providing CNIC as required under the Finance Act 2019 till September 30, 2019", according to a press release issued by the FBR...

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