FBR Implements Strict Regulations for Business Owners, Requires Integration with Computerized System

Islamabad: The Federal Board of Revenue (FBR) has introduced stringent regulations for business owners, mandating that individuals registered for sales tax must integrate with the FBR’s computerized system. According to official documents, businesses will be required to install CCTV cameras for monitoring business premises, while debit and credit card machines, QR codes, and digital payment systems must also be linked to the FBR’s network.
Additionally, online sales platforms, including websites, software, and mobile applications, must be integrated with the FBR system. The regulations stipulate that tax officers will have access to business premises and records. Any tampering with the electronic system will result in fines and penalties.
In case of internet or power outages, businesses are required to upload invoices within 24 hours. FBR has also outlined measures to combat tax evasion by establishing an enforcement network. Issuing invoices without a QR code or FBR number will lead to legal action.
The new rules also require sales tax invoices to include digital signatures, QR codes, and unique FBR numbers. Businesses must maintain electronic invoices on a daily, weekly, and monthly basis. Furthermore, digital or online sales invoices must be stored for a minimum of six years.