Tag: Tax Compliance

PRAL, in collaboration with the Lahore Chamber of Commerce & Industry (LCCI), held a successful awareness seminar on FBR’s Digital Invoicing Registration & Integration to help businesses transition smoothly to real-time tax compliance. The initiative marks another milestone in Pakistan’s journey toward a transparent, technology-driven taxation system.

The Federal Board of Revenue (FBR) has introduced significant amendments to the Sales Tax Rules, focusing on mandatory integration of electronic invoicing systems and granting commissioners authority to suspend registrations for fake invoices, enhancing transparency and compliance in Pakistan’s tax regime.

The FBR has released a 25-page draft electronic income tax return form for individuals and companies, calling it “simplified.” Issued under new SROs, the draft is open for stakeholder feedback for seven days before final approval, marking a critical step in Pakistan’s digital tax overhaul.

FBR and PRAL conducted a Digital Invoicing Awareness Seminar in Quetta to educate local businesses on integrating digital invoicing systems, addressing region-specific challenges, and promoting compliance with FBR’s digital tax mandates.