Tax News Update    Email this document    Print this document  

February 1, 2024
2024-0326

Pakistan taxpayers required to issue electronic invoices for fast-moving consumer goods must request extensions until government approves software providers

  • Manufacturers, importers, wholesalers, dealers, and distributors of fast-moving consumer goods are required to transmit sales tax invoices electronically from 01 February 2024.
  • However, the government has not yet approved software providers required to transmit these invoices.
 

Having released two significant notifications at the end of 2023 requiring electronic sales tax invoices to be issued for fast-moving consumer goods, the Pakistan Federal Board of Revenue (FBR) released another notification on 10 January 2024, announcing that the implementation of e-invoicing would begin on 1 February 2024. (For more on the 2023 FBR notifications, see EY Global Tax Alert, Pakistan Federal Board of Revenue to require electronic invoices for some consumer goods, dated 4 January 2024.)

However, to date, the FBR has yet to approve any software providers for this purpose. As a result, businesses that are required to issue e-invoices must currently apply for extensions.

Note that this Tax Alert is general in nature and is not a substitute for detailed research or the exercise of professional judgment. Accordingly, no decision on any issue should be taken without seeking specific professional advice and further consideration.

* * * * * * * * * *
Contact Information

For additional information concerning this Alert, please contact:

EY Ford Rhodes, Karachi

EY Ford Rhodes, Lahore & Islamabad

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement