- The Federal Board of Revenue (FBR) of Pakistan has mandated the integration of electronic invoicing systems for corporate and non-corporate registered entities, with key deadlines set for May 1, 2025, for corporate entities and June 1, 2025, for non-corporate entities, specifically targeting businesses in the fast-moving consumer goods (FMCG) sector.
- The integration requires businesses to electronically link their invoicing systems with the FBR’s computerized platform through licensed integrators or Pakistan Revenue Automation Limited (PRAL), ensuring real-time generation and transmission of sales tax invoices in compliance with existing sales tax regulations.
- This initiative, formalized under the Sales Tax Act and Rules, aims to enhance digital compliance, improve real-time reporting, reduce tax evasion, and foster a data-driven tax administration environment in Pakistan, urging FMCG businesses to prepare promptly for the integration deadlines.
Source RTCsuite
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