On November 10, 2023, Pakistan’s Federal Board of Revenue (FBR) announced significant changes in the electronic invoicing system, initially impacting specific consumer goods. Manufacturers, importers, wholesalers, and distributors of immediate consumer goods are now mandated to issue electronic sales tax invoices via the FBR-approved system.
Highlights of this release include the allowance for “integrated suppliers” to begin declaring invoices on the central platform. Additionally, registered buyers who receive electronic notifications are required to integrate into the new Federal Board of Revenue (FBR) system.
The system works by the FBR implementing a real-time verifiable electronic invoice system. Invoices are required to be sent in a structured JSON format, each assigned a unique identifier. Moreover, the document storage period has been extended to 6 years.
Source
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Pakistan"
- Pakistan’s New Electronic Invoicing Timeline: Phased Rollout from September 2025
- Pakistan Repeals 5% Digital Tax on Foreign Tech Firms: What It Means for Compliance
- FBR Announces Revised Sales Tax Rates and Provisions for 2025-26 Fiscal Year
- FBR Clarifies Handling of Excess Sales Tax Collections Under Section 3B of Sales Tax Act
- Pakistan Introduces Withholding Tax on Domestic Digital Sales via Online Marketplaces