The relaxation deadline given by the Federal Board of Revenue (FBR) for providing CNIC copies for transactions of over Rs50,000 has now come to an end. From now onwards providing CNIC copies for over Rs50000 transactions will be mandatory.
According to the All Pakistan Anjuman-e-Tajran President Ajmal Baloch, the mandatory condition was not an issue for the small business owners. As yet the association has no problems with the withdrawal of the relaxation and they completely supported it.
The agreement of the association with the FBR had come into force following which all the problems faced by the small business owners were resolved.
Also, the notifications for committee formation comprising of business community representatives were released following which FBR and traders will collaborate for business registration to make sure they become part of the tax net.
The agreement with the FBR was being implemented from January 2020 and law has also been written to that effect, as revealed by Baloch.
According to Prime Minister Imran Khan, all issues faced by the traders will be decided by mutual cooperation of FBR and the business community.
In an earlier article, we informed our readers that the protesting traders announced to end the shutter-down strike after an agreement with the government of Pakistan as per which the government decided to defer the condition requiring the traders to provide a copy of their CNIC on the transaction of over Rs 50,000 for three months. But now three months are over and the relaxation has ended.