- FBR updates rules for electronic sales tax invoicing and integration
- New procedures issued for licensing, issuance of electronic sales tax invoices, and integration of registered persons
- Rule 150Q outlines procedure for integration, ensuring hardware and software meet FBR requirements
- Systems must operate through licensed integrator for standardized and secure transmission of invoice data
- Obligations of integrated persons include installing, registering, and configuring electronic invoicing systems
- Systems must generate unique QR code, record adjustments, modifications, and cancellations
- Integrated systems should detect and report errors or malpractice to FBR
- Electronic payment systems now required for integrated persons, including acceptance of debit and credit cards and use of QR codes
- CCTV surveillance may be mandated in areas where electronic sales transactions occur
- Integrated persons must display signage indicating compliance with FBR’s electronic invoicing system
- Record-keeping requirement for maintaining electronic records of all invoices
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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