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
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