{"id":3116,"date":"2025-01-29T18:34:21","date_gmt":"2025-01-29T13:34:21","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=3116"},"modified":"2025-01-29T18:34:21","modified_gmt":"2025-01-29T13:34:21","slug":"fbr-directed-all-registered-retailers-to-support-cards-and-qr-codes-for-payments","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=3116","title":{"rendered":"FBR directed All Registered Retailers to Support Cards and QR Codes for Payments"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\"><strong>Islamabad:<\/strong> The <a href=\"https:\/\/fbr.gov.pk\/\" rel=\"nofollow noopener\" target=\"_blank\">Federal Board of Revenue (FBR)<\/a> has directed all retailers operating under the Point of Sale (POS) system to integrate digital payment facilities, including debit and credit card machines, QR codes, or any other available digital transaction modes at all sales points.<\/p>\n<p>The directive was issued through S.R.O. 69(l)\/2025, amending the Sales Tax Rules, 2006. The new procedure mandates all registered retailers to ensure electronic integration of their hardware and software used for generating and transmitting electronic invoices.<\/p>\n<p>Under the revised regulations, POS retailers must incorporate digital payment solutions to facilitate seamless transactions. Each electronic invoice generated must include a unique FBR invoice number, a verifiable QR code, and distinct electronic invoicing or POS software details, among other specified information.<\/p>\n<p>Furthermore, the FBR has clarified that any retailer failing to account for sales without generating an invoice containing a QR code or FBR invoice number will be subject to scrutiny. The Officer of Inland Revenue will compute taxes on unaccounted-for invoices and recover the same from the retailer.<\/p>\n<p>Retailers classified as integrated persons are required to register their outlets, points of sale, or electronic invoicing machines via the FBR\u2019s online system. The notification explicitly states that no sales can be conducted outside the integrated system, ensuring complete <a href=\"https:\/\/pkfin.kotenterprises.dev\/tpl-insurance-partners-with-samba-bank\/\" target=\"_blank\" rel=\"nofollow noopener\">digital documentation of transactions<\/a>.<\/p>\n<p>Additionally, the <a href=\"https:\/\/pkfin.kotenterprises.dev\/premier-code-pvt-ltd-partners-with-bank-alfalah\/\" target=\"_blank\" rel=\"nofollow noopener\">POS or electronic invoice-issuing machine<\/a> must:<\/p>\n<ul data-spread=\"false\">\n<li>Generate, receive, record, analyze, and store invoice data.<\/li>\n<li>Issue sales tax invoices in the prescribed format.<\/li>\n<li>Create and record a digital signature on each invoice.<\/li>\n<li>Transmit invoice data securely to the FBR\u2019s computerized system.<\/li>\n<li>Receive and encrypt the unique FBR invoice number securely.<\/li>\n<li>Generate and print a QR code on the receipt based on the unique FBR invoice number.<\/li>\n<\/ul>\n<p>This move aims to enhance tax transparency, combat underreporting, and encourage <a href=\"https:\/\/pkfin.kotenterprises.dev\/total-retail-payments-now-comprise-83-digital-transactions\/\" target=\"_blank\" rel=\"nofollow noopener\">digital financial transactions across the retail<\/a> sector. The FBR continues to push for a more digitized and accountable tax regime to strengthen the national economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has directed all retailers operating under the Point of Sale (POS) system to integrate digital payment facilities, including debit and credit card machines, QR codes, or any other available digital transaction modes at all sales points. The directive was issued through S.R.O. 69(l)\/2025, amending the Sales Tax Rules, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has directed all retailers operating under the Point of Sale (POS) system to integrate digital payment facilities, including debit and credit card machines, QR codes, or any other available digital transaction modes at all sales points. 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