Islamabad, Jan 30: Pakistan Revenue Automation Limited (PRAL), the IT arm of the Federal Board of Revenue (FBR), has announced that it will provide free integration services to registered individuals, including retailers, for connecting with the FBR’s Point of Sale (POS) system. This move, highlighted in a notification issued by FBR on Wednesday, aims to streamline the process for retailers and ease their compliance with the tax authority’s requirements.
As part of the updated procedure, PRAL will act as the official licensed integrator for the POS system, simplifying the integration process for businesses. Under the new guidelines, PRAL will offer these integration services at no cost to registered individuals, ensuring that businesses can easily comply without incurring additional expenses.
However, the notification clarifies that licensed private companies that are already providing similar services will continue to charge a fee for configuring and integrating electronic invoicing or POS software. The fee, though, will not exceed a specified threshold determined by the FBR. This ensures that businesses engaging with private companies will have a clear understanding of any associated costs.
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PRAL’s move is expected to help businesses better align with the government’s efforts to digitize the tax collection system. Through this initiative, PRAL will also provide free downloadable software for electronic invoicing or POS systems on the FBR’s official website, further simplifying the process for businesses.
Importantly, no fee will be charged to the FBR or its field formations, ensuring that government departments can benefit from these services without any cost. The notification also states that PRAL will act as the primary integrator for compliance with various tax regulations, including the rules set out in the FBR’s regulations.
In conclusion, PRAL’s initiative marks a significant step toward modernizing Pakistan’s tax infrastructure, making it more accessible for businesses to comply with electronic invoicing and POS system requirements. Retailers can now take advantage of these free services to integrate with the FBR and enhance their tax compliance processes.
