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Pakistan introduces new e-invoicing requirements to modernize transaction controls

27 November 2023
Pakistan

On 10 November 2023, the Federal Board of Revenue (FBR) announced the amendments to the Sales Tax Rules covering e-invoicing regulations.   A tax-registered person will be called an integrated supplier for the purposes of e-invoicing implementation.   Following the amendments, an integrated supplier shall: Install an e-invoicing system provided by a licensed person who is appointed and authorized by the FBR; Make any sale or supply through this e-invoicing system; Issue a real-time verifiable e-invoice for every taxable supply.   The retention period of the record and documents is prolonged to six years.   The provision allowing the integrated...