ByThe Federal Board of Revenue (FBR) has introduced a digital invoicing system and a dedicated online portal to manage it. This article explains the purpose of the portal and who it applies to.
Key Points:
- Digital Initiatives Portal: FBR launched a new tab named “Digital Initiatives Portal” on its website.
- Purpose: This portal streamlines the licensing process for IT companies involved in Point-of-Sale (POS) and e-invoicing systems.
- Who Needs a License:
- IT companies installing and integrating POS or e-invoicing systems within Pakistan require a license.
- This applies to companies working on behalf of businesses operating in Pakistan.
Previously:
- Companies had to manually apply and submit documents to FBR for permission to install POS or e-invoicing systems.
New Process:
- IT companies can now submit online applications through the Digital Initiatives Portal.
- The portal offers three tabs:
- Application: Submit a new application with supporting documents.
- Dashboard: Track the application status and view any objections from FBR.
- Case Management: Respond to queries or clarifications from FBR regarding the application.
Benefits:
- This new portal simplifies the licensing process for IT companies.
- It allows for online application submission, tracking, and communication with FBR.
Conclusion:
The FBR Digital Initiatives Portal is a welcome change for IT companies working on POS and e-invoicing systems in Pakistan. It promotes a more efficient and transparent licensing process.
