Islamabad, December 14, 2023 – In a significant development to enhance digital integration within the tax system, the Federal Board of Revenue (FBR) has formed a specialized committee tasked with evaluating applications for the grant of licenses for the integration of registered persons.
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Pakistan Permits Sales Tax Invoices in English or Urdu Language
Karachi, November 19, 2023 – Pakistan has granted taxpayers the flexibility to issue sales tax invoices in either English or Urdu language for documenting transactions, according to the updated Sales Tax Act of 1990 for the tax year 2024.
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FBR constitutes committee for penalty on non-compliance of invoice, packing lists
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday constituted a committee to formulate parameters for imposing penalties against non-compliance of invoice and packing list.
A spokesman said that the Federal Board of Revenue (FBR) has constituted a committee of senior Customs officers to formulate rules to implement Section 156(I) of the Customs Act, 1969, which was amended through the Finance Act, 2021.
The spokesman said that provision of law prescribes certain penalties for not placing invoice, packing list inside the container or failure to attach or upload mandatory documents with the goods declaration (GD).
The committee will formulate rules to develop parameters to specify the person and circumstances in which the penalty prescribed for non-placement of invoice and packing list shall be imposed.
The committee will also identity different types of GDs and prescribe documents that are considered mandatory for submission along with those GDs.
FBR has explained that the rules will be notified in due course of time and till framing of rules, no action shall be taken in this matter.
FBR has assured the trade bodies that the subject provisions will be applicable only after notification of rules by FBR.
Meanwhile the earlier practice will be continued by the Customs field formations. Moreover, after submission of draft rules by the committee, FBR will publish these draft rules on the FBR website for seeking input from all stakeholders before implementing the same.
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FBR launches sales tax invoice verification system
ISLAMABAD: Federal Board of Revenue (FBR) has launched online system for verification of invoices, which issued against purchases from retail outlets.
The FBR launched the integration of sales and purchases by Tier-1 retailers with aim to encourage 100 percent invoice submission to the revenue body.
The FBR has given deadline of December 15, 2019 to all Tier-1 retailers, who are required to integrate their Point of Sale (POS) with the FBR system for submission of sale invoice on real-time basis.
The FBR issued following procedure for reduced sales tax on invoices issued through online system:
• Customers visit the counter to pay for his/her shopping
• Customer visit the counter to pay for his/her shopping
• Counter Boy Prepare the Invoice
• Invoice is forwarded to FBR system for invoice number
• Fiscal Invoice is generated, encrypted and stored in FBR Sale Data Controller and returns a fiscal invoice number to POS.
• FBR Sale Data Controller Synch. the data with FBR central server on periodic basis.
• POS generate the QR Code for fiscal invoice.
• The receipt is printed out from the POS and physically delivered to the customer
• Customer receive the printed fiscal invoice and verify it from FBR System using any of proposed mode.
• On verification of invoice, FBR system mark this invoice for 6 percent tax collection. In case of non-verification of invoice, Bill will be changed as 9 percent tax collection.
• Customer pay the bill according to the applied tax.