- FBR has started penal actions against non-compliant corporate taxpayers and importers.
- The deadline for integrating invoicing systems with FBR’s platform has passed.
- SRO 1413(I)2025 mandates electronic invoicing for certain taxpayers by September 1, 2025.
- Non-compliance penalties start at Rs. 500,000 and can escalate to Rs. 3,000,000.
- Invoices outside the FBR system are invalid, affecting input tax adjustments.
- Large corporations are likely to comply, but small importers face challenges.
- Industry calls for deadline extension due to resource and training issues.
- FBR emphasizes the importance of compliance for transparency and fraud prevention.
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.
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