- E-invoicing is rapidly growing, with many countries already advanced in this field. Pakistan has recently introduced new e-invoicing requirements to modernize transaction controls, aiming to increase efficiency, cut costs, and fight fraud for businesses locally and internationally.
- Understanding the dynamics of e-invoicing is essential for companies doing business in Pakistan and globally, as many nations have made e-invoicing mandatory.
- The Federal Board of Revenue (FBR) announced new e-invoicing requirements, but the implementation date has not been announced yet.
- Importers, manufacturers, wholesalers, and distributors of fast-moving consumer goods are among the prescribed persons to issue electronic sales tax invoices.
- Registered buyers must also integrate into the FRB’s new system.
Source Storecove
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
