- Pakistan’s Federal Board of Revenue has introduced new invoicing obligations for importers, manufacturers, and wholesalers of fast-moving consumer goods.
- These taxpayers are now required to issue real-time electronic invoices.
- The move aims to improve transparency and reduce tax evasion.
- The new system will be implemented in phases, starting with large retailers and gradually expanding to smaller businesses.
- The FBR hopes that e-invoicing will streamline the tax collection process and increase revenue for the government.
Source: vitallaw.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.
