- FBR mandates electronic invoice integration for registered taxpayers
- SRO 709(I)2025 outlines requirements for electronic invoicing
- Deadline for corporate registered persons is May 1, 2025
- Non-corporate registered persons have until June 1, 2025
- Follows earlier directive SRO 69(I)2025 from January 29, 2025
- Systems must generate, process, analyze, and store invoice data
- Must issue sales tax invoices in prescribed format with digital signatures
- Real-time data transmission to FBR and unique invoice number required
- Systems must log modifications, cancellations, and events
- Aim is to curb tax evasion and boost revenue collection
- Businesses urged to integrate swiftly to avoid penalties
Source: pkrevenue.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.
