The Federal Board of Revenue (FBR) has awarded a license to M/s Haball (Pvt.) Ltd., Karachi, for the integration of electronic invoicing. This initiative aligns with the FBR’s commitment to enhancing digital processes within the country’s tax system.
According to a notification from the FBR’s Directorate of Digital Initiatives, Expressions of Interest (EOIs) were invited on March 10, 2024, for the award of licenses to integrate electronic invoicing under Chapter XIV-BB of the Sales Tax Rules, 2006, as amended by SRO 1788(1)/2023, and Chapter VIIA of the Income Tax Rules, 2002, as amended by SRO 428(1)/2024.
In response to the Board’s advertisement, 38 applications were received. A designated Licensing Committee was formed to evaluate these applications against the required criteria. Upon thorough examination, the committee recommended that the license be granted to Haball (Pvt.) Ltd., Karachi.
Under Rule 150Z0ZK (Sub-rule 5) of the Sales Tax Rules, 2006, as amended by SRO No. 1788(1)/2023 dated December 11, 2023, “The licensing committee shall grant the license to the recommended companies with the approval of Member Digital Initiatives and shall publish the list of licensees.”
Following the committee’s recommendation and subsequent approval by the Member Digital Initiatives, FBR has officially granted the license to Haball (Pvt.) Ltd. (NTN 7623346). This license authorizes the company to integrate electronic invoicing under the specified chapters of the Sales Tax and Income Tax Rules. The granted license will be published on the FBR’s website for public record and information.
This step marks a significant advancement in Pakistan’s digital transformation efforts, aiming to streamline and modernize the tax invoicing system.
