ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a mandatory digital invoicing system for all sales tax-registered taxpayers, with a special focus on integrating corporate businesses into the system.
According to FBR officials, the new system is aimed at eliminating fake and unverifiable invoices, simplifying the process of tax return filing, and promoting transparency in the country’s documented economy.
The FBR said that taxpayers can link their invoicing systems with licensed service providers, including Pakistan Revenue Automation Limited (PRAL), Haball, WebDNAWorks, and EY, free of cost. Once integrated, invoices will be automatically generated, reducing manual errors and improving accuracy.
Each digital invoice will carry a QR code and a unique invoice number, making it easier for suppliers and buyers to verify invoices through a secure digital portal. This system will also allow buyers to easily claim input tax without delays.
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To help businesses monitor their invoicing activity, the FBR has also launched a Business Intelligence Dashboard. The dashboard provides real-time and historical data about invoice volume, type, and value.
It also allows taxpayers to auto-populate all approved invoices for a tax period with a single click, making tax compliance quicker and simpler.
The FBR has also prepared a step-by-step presentation to guide taxpayers on using the new system and urged businesses to integrate their systems soon to fully benefit from the digital invoicing initiative.
