FBR sets deadlines for businesses to adopt electronic invoicing

By MG News | April 28, 2025 at 11:01 AM GMT+05:00

0:00

April 28, 2025 (MLN):The Federal Board of Revenue (FBR) has established deadlines for businesses to integrate their operations with the FBR’s computerized system for electronic invoicing.

Under Notification S.R.O. 709(I)/2025, registered corporate entities must electronically integrate their hardware and software with FBR’s computerized system by May 1, 2025.

Non-corporate registered entities are required to complete the integration by June 1, 2025.

This move is part of the FBR's initiative to streamline the process of generating and transmitting electronic invoices.

The new rules are an extension of the previously issued SRO 1525, which initially applied only to the FMCG sector.

The FBR has now extended the integration requirement to all businesses, broadening the scope beyond FMCGs to include the entire taxpayer community.

The integration process, as outlined in Rule 150Q of the Sales Tax Rules 2006, aims to modernize and improve tax compliance and transparency in the country’s business transactions.

The deadline for corporate entities is set for May 2025, and for non-corporate entities, the deadline is June 2025.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,895.50 60.91M	-0.36% -474.65
ALLSHR	82,846.32 210.37M	-0.28% -234.83
KSE30	40,519.83 21.97M	-0.46% -185.47
KMI30	191,811.61 26.97M	-0.40% -769.07
KMIALLSHR	55,743.69 120.33M	-0.16% -92.02
BKTi	36,042.87 2.68M	-0.76% -274.30
OGTi	28,426.38 1.80M	-0.41% -116.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,330.00	108,880.00 107,680.00	-125.00 -0.12%
BRENT CRUDE	69.27	69.50 69.03	-0.31 -0.45%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.90 3.07%
ROTTERDAM COAL MONTHLY	106.00	106.75 106.00	0.25 0.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.61	67.97 67.40	-0.32 -0.47%
SUGAR #11 WORLD	16.25	16.46 16.07	-0.13 -0.79%