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The B2C fiscalisation model in Pakistan and its outline

06 October 2021
Pakistan

In an earlier press release, the Federal Board of Revenue (FBR) announced that since 2019 the number of Points of Sales (POSs) integrated with the FBR invoicing system had reached 5783 POSs as 286 retailers had integrated their systems with FBR and successfully reported the sales tax invoices in real-time.   Initially, the integration started as voluntary and went live on 1 November 2018. The mandatory integration, however, took effect as from 15 December 2019. How does the POS invoicing system work in Pakistan? It is a computerised real-time sales documentation system that records sales or purchase data transactions, manages...