Effective Date: 3 February 2025
Type: Legislation
From 3 February 2025, major taxpayers in Pakistan must integrate their accounting, invoicing, and point-of-sale systems with the Federal Board of Revenue (FBR) as part of mandatory e-invoicing under the 2024 Finance Bill. Taxpayers must submit invoices in JSON format, receive a unique code from the FBR, and embed it in the e-invoice before sending it to customers using approved software or certified integrators. Online sellers, including marketplaces, must register their platforms with the FBR’s system for automated invoice recording. E-invoicing systems must securely generate, transmit, store, and modify invoice data while maintaining logs and generating QR codes based on FBR-issued numbers. Additionally, ‘integrated suppliers’ like manufacturers, importers, wholesalers, and distributors of fast-moving consumer goods must install VAT fiscal registers for automated daily reporting and allow the FBR both physical and remote access to records.
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