FBR Allows Taxpayers to Amend E-Invoices After 72-Hour Deadline

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new provision allowing taxpayers to amend or cancel electronic sales tax invoices even after the standard 72-hour deadline, contingent upon approval from the relevant Commissioner Inland Revenue (CIR). This significant update was detailed in a user manual released by Pakistan Revenue Automation (Private) Limited on Thursday.

The amendment to the IRIS system aims to provide greater flexibility and support to taxpayers, addressing concerns over the rigid time frame previously imposed. An FBR spokesperson stated, “This initiative is designed to enhance compliance and ease the burden on taxpayers, ensuring that they can rectify any errors in their invoices without facing penalties beyond the initial deadline.”

This development is expected to have far-reaching implications for the business community in Pakistan, particularly for small and medium enterprises (SMEs) that often struggle with the complexities of electronic invoicing. By allowing corrections post-deadline, the FBR is fostering a more accommodating environment for businesses, which could lead to improved tax compliance and revenue collection.

Looking ahead, the FBR plans to conduct workshops and training sessions to educate taxpayers about the new amendment and its operational procedures. Stakeholders are encouraged to familiarize themselves with the updated IRIS system to fully leverage this new facility.