The Pakistan Federal Board of Revenue issued Notification SRO 28(I)/2024 on 10 January 2024, requiring registered persons in the fast-moving consumer goods sector to transmit sales tax invoices electronically with effect from 1 February 2024. In particular, this includes the following:
- all importers and manufacturers of fast-moving consumer goods,
- all wholesalers (including dealers) and distributors of fast-moving consumer goods; and
- all wholesaler-cum-retailers engaged in bulk import and supply of fast-moving consumer goods on a wholesale basis to retailers.
Registered persons may, after showing plausible cause, apply for an extension in the time to comply.
Source Orbitax
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Pakistan"
- Customs Values of Imported Latex Rubber Threads Revised to Reflect International Price Trends
- Pakistan Introduces Withholding Tax on Digital Goods, Suspends Digital Presence Proceeds Tax
- FBR Mandates POS Integration for Retailers Exceeding Withholding Tax Thresholds
- Pakistan Customs Seizes Smuggled Cigarettes, Raw Materials Worth Over Rs. 1.1 Billion in Major Raids
- Punjab Tribunal: Sale of Developed Plots Not Taxable Under Provincial Sales Tax Law
