- New Sales Tax Invoicing Regulations: On January 29, 2025, Pakistan’s Federal Board of Revenue (FBR) issued Notification S.R.O. 69 (I) 2025, mandating businesses to use approved hardware and software for generating electronic invoices, which must include QR codes and transmit transaction data in real time to the FBR.
- Integration and Compliance Requirements: All registered businesses must link their invoicing systems to the FBR platform, securely store transaction data for at least six years, and include unique invoice numbers and digital signatures. Non-compliance will result in penalties.
- Licensing and Deadlines: Only licensed integrators can provide the necessary integration services, with a deadline set for February 3, 2025; however, this deadline may be extended by the Commissioner Inland Revenue. Businesses can issue offline invoices during system failures but must upload them within 24 hours of restoration.
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