- Implementation of E-Invoicing Regulations: The Federal Board of Revenue (FBR) has launched SRO 69(I)/2025, mandating e-invoicing and real-time compliance for businesses. Key requirements include the use of licensed service providers for integration, installation of CCTV cameras at sales points for compliance verification, and the generation of digital invoices featuring unique FBR numbers and QR codes.
- Role of PRAL and Licensing for Providers: Pakistan Revenue Automation Limited (PRAL) is designated as the official government integrator for e-invoicing, offering free integration services. Private service providers must obtain licenses from the FBR, with over 30 companies currently awaiting approval, indicating a slow expansion in the market for these services.
- Compliance and Enforcement Measures: The FBR will enforce compliance through the Inland Revenue Enforcement Network, conducting audits and inspections. Businesses failing to adhere to the new regulations, including the prohibition of paper invoices, will face penalties under the Sales Tax Act. The initiative aims to modernize Pakistan’s tax system and improve revenue collection efficiency.
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