- The Government of Pakistan has made amendments to the Sales Tax Rules, 2006.
- The heading “INTEGRATION OF TIER-I RETAILERS AND LICENSING THEREOF” has been changed to “INTEGRATION FOR ELECTRONIC INVOICING AND LICENSING THEREOF”.
- The term “Tier-I Retailers” has been replaced with “registered person” in the rules.
- A license is required for integrating registered persons through software.
- Payment counters must be integrated with the Board through an accredited and licensed system.
- A licensing committee will be nominated by the Board.
- An application for a license must be accompanied by various documents, including a company profile, information about personnel, audited statements of accounts, and registration certificates.
- The paid-up capital for the latest financial year must be at least Rs.10 million.
- The company must not have been blacklisted or involved in fiscal fraud.
- Additional documents may be required as per instructions issued by the Board.
Source: download1.fbr.gov.pk
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.
