- The bill indicates that each payment intermediary must file a declaration of quarterly deduction.
- Each online market must subject the amount deposited on the seller’s account.
- The Federal Office of Revenue introduces online purchases on the tax net in the financial bill.
Islamabad: Online purchases were introduced into the tax net in the 2025-26 financial bill by the Federal Board of Revenue. The news reported.
The financial bill indicates under 165c that each intermediate and mail service responsible for the deduction of the tax under paragraph (2A) of article 153 of the order will file a declaration of quarterly deduction to the commissioner for tax deduction concerning the sale of goods and services commissioned digitally for each quarter of a fiscal year.
This will be done in the prescribed form which defines – (a) the name, the identification number (NTN / CNIC) and the address of the seller; (b) Date of transaction, single identifier (invoice number) and total transaction value; c) the total amount of the tax deduces at the time of payments to the seller; And any other individual can be prescribed.
Each online market in Pakistan must submit a monthly declaration containing the name, address, sales tax and income tax registration number of all suppliers registered on its platform providing goods and services digitally in the electronic, transactional and aggregated sales of the seller’s turnover and the amount deposited on the supplier’s bank account in relation to these sales transactions.
All the provisions of article 165 excluding the sub-sections (1), (1a) and (6) mutatis mutandis apply with regard to the date of maturity of the filling of restraint declarations, the revision of declarations, the power to call on the declaration by the commissioner, the extension of the period to provide the declaration after the scheduled date, the power of the commission, the annual repair of the declaration and the reintegration of the declaration of the annual tax.
