VATupdate

Share this post on

FBR Forms Committee to Evaluate Digital Invoicing Applications for Enhanced Tax System Integration

  • The Federal Board of Revenue (FBR) has formed a committee to evaluate applications for the integration of registered persons.
  • The committee is chaired by Mr. Afaq Ahmed Qureshi and includes members with expertise in policy, information technology, operational management, and digital initiatives.
  • The committee is responsible for evaluating applications within a stipulated timeframe and recommending or rejecting them.
  • The approved licenses will be granted with the approval of the Member Digital Initiatives, and a comprehensive list of licensees will be published by the FBR.
  • This move aims to improve the efficiency and transparency of the tax system in Pakistan through digitization and streamlining processes.
  • Stakeholders are encouraged to adhere to the outlined procedures and submit their applications for evaluation.
  • The FBR’s commitment to a timely and transparent evaluation process reflects its dedication to embracing technological advancements and fostering a more digitally integrated tax ecosystem.

Source: pkrevenue.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news
VAT news

Advertisements: