FBR sets deadlines for businesses to adopt electronic invoicing

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	167,191.38 452.22M	1.01% 1673.87
ALLSHR	99,572.56 854.13M	1.14% 1123.80
KSE30	50,589.37 258.13M	0.84% 420.31
KMI30	242,439.68 214.57M	0.52% 1247.28
KMIALLSHR	65,152.10 464.27M	0.90% 579.98
BKTi	45,989.68 77.65M	1.01% 460.44
OGTi	34,428.33 15.83M	0.36% 122.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,630.00	73,820.00 71,570.00	1340.00 1.85%
BRENT CRUDE	94.26	98.26 94.20	-1.66 -1.73%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.10 0.10%
ROTTERDAM COAL MONTHLY	104.00	105.70 104.00	-2.70 -2.53%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	95.63	100.42 95.51	-2.24 -2.29%
SUGAR #11 WORLD	13.76	14.06 13.71	-0.16 -1.15%