- Pakistan has allowed taxpayers to issue sales tax invoices in either English or Urdu language.
- This provision is part of the updated Sales Tax Act of 1990 for the tax year 2024.
- The tax invoice must include specific details such as the name, address, and registration number of the supplier and recipient, date of issue, description and quantity of goods, value exclusive and inclusive of tax, and amount of sales tax.
- For supplies by manufacturers or importers to unregistered distributors, the NIC or NTN of such distributors is required.
- The FBR has the authority to specify modified invoices for different persons or classes of persons.
- Only one tax invoice is allowed for a taxable supply.
- Only registered persons or individuals paying retail tax can issue invoices under this section.
- Registered persons making taxable supplies can electronically issue invoices to other registered persons, subject to conditions specified by the FBR.
- The FBR can prescribe the manner and procedure for regulating the issuance and authentication of tax 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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