• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Friday, December 5, 2025
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

PCDMA slams FBR over unilateral e-invoicing rollout – Business & Finance

July 11, 2025
in Business
PCDMA slams FBR over unilateral e-invoicing rollout - Business & Finance
Share on FacebookShare on TwitterWhatsapp

KARACHI: The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has strongly criticized the Federal Board of Revenue (FBR) for implementing the e-invoicing system without prior consultation with stakeholders or conducting awareness sessions, calling it a nightmare for taxpayers.

PCDMA Chairman Salim Valimuhammad, expressed concern over the lack of stakeholder consultation prior to the enforcement of the new system. He emphasized that no awareness sessions were conducted, leaving many taxpayers confused and unprepared.

As a result, numerous businesses are reportedly struggling to comply with the new e-invoicing requirements within the short timeframe allowed. He stressed that stakeholder consultation is essential before implementing such a system to address all technical and legal issues.

Speaking out strongly, PCDMA Chairman Salim Valimuhammad expressed deep concern over the lack of engagement with stakeholders prior to the enforcement of the new system.

He emphasized that no orientation or training sessions were held, leaving many taxpayers confused and unprepared. As a result, numerous businesses are reportedly struggling to comply with the e-invoicing requirements within the limited timeframe provided.

According to Valimuhammad, the e-invoicing system came into effect for corporate entities on July 1st, while its implementation for the non-corporate sector is scheduled for August 1st. However, he questioned whether this rollout was being enforced unilaterally, as neither businesses were consulted nor their concerns acknowledged.

“There is growing anxiety among the business community, especially as filing sales tax returns has also become more complicated. Businesses need more time to understand and comply with these changes,” he added. He urged the government to collaborate with the business sector and allow sufficient time for adaptation. “Such abrupt decisions, without adequate preparation, risk disrupting business activity,” he warned.

Salim Valimuhammad further called on the FBR to actively engage with stakeholders to resolve grievances and make immediate adjustments where necessary. He cautioned that failure to address these issues promptly could harm tax collection and negatively affect the national economy.

The controversial policy was introduced via SRO 709(I)/2025 on April 22, 2025, amending the Sales Tax Rules, 2006 (Rule 150Q (2)). These amendments mandate both corporate and non-corporate sectors to integrate their IT systems with the FBR’s digital platform to enable the generation and transmission of e-invoices.

However, this move has left many in the business community grappling with confusion and operational challenges.

KARACHI: The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has strongly criticized the Federal Board of Revenue (FBR) for implementing the e-invoicing system without prior consultation with stakeholders or conducting awareness sessions, calling it a nightmare for taxpayers.

PCDMA Chairman Salim Valimuhammad, expressed concern over the lack of stakeholder consultation prior to the enforcement of the new system. He emphasized that no awareness sessions were conducted, leaving many taxpayers confused and unprepared.

As a result, numerous businesses are reportedly struggling to comply with the new e-invoicing requirements within the short timeframe allowed. He stressed that stakeholder consultation is essential before implementing such a system to address all technical and legal issues.

Speaking out strongly, PCDMA Chairman Salim Valimuhammad expressed deep concern over the lack of engagement with stakeholders prior to the enforcement of the new system.

He emphasized that no orientation or training sessions were held, leaving many taxpayers confused and unprepared. As a result, numerous businesses are reportedly struggling to comply with the e-invoicing requirements within the limited timeframe provided.

According to Valimuhammad, the e-invoicing system came into effect for corporate entities on July 1st, while its implementation for the non-corporate sector is scheduled for August 1st. However, he questioned whether this rollout was being enforced unilaterally, as neither businesses were consulted nor their concerns acknowledged.

“There is growing anxiety among the business community, especially as filing sales tax returns has also become more complicated. Businesses need more time to understand and comply with these changes,” he added. He urged the government to collaborate with the business sector and allow sufficient time for adaptation. “Such abrupt decisions, without adequate preparation, risk disrupting business activity,” he warned.

Salim Valimuhammad further called on the FBR to actively engage with stakeholders to resolve grievances and make immediate adjustments where necessary. He cautioned that failure to address these issues promptly could harm tax collection and negatively affect the national economy.

The controversial policy was introduced via SRO 709(I)/2025 on April 22, 2025, amending the Sales Tax Rules, 2006 (Rule 150Q (2)). These amendments mandate both corporate and non-corporate sectors to integrate their IT systems with the FBR’s digital platform to enable the generation and transmission of e-invoices.

However, this move has left many in the business community grappling with confusion and operational challenges.

Tags: e invoicingFBRPCDMASalim Vali Muhammad
Share15Tweet10Send
Previous Post

Rubio says Asia might get ‘better’ tariffs than others

Next Post

‘Pak-BD trade will soon reach $1bn mark’

Related Posts

Bullish momentum at bourse, KSE-100 gains over 1,100 points in early trade
Business

Bullish momentum at bourse, KSE-100 gains nearly 900 points during intra-day

December 5, 2025
World’s top solar maker says local manufacturing not yet viable in Pakistan
Business

World’s top solar maker says local manufacturing not yet viable in Pakistan

December 5, 2025
US stocks lower after mixed jobs data
Business

US stocks lower after mixed jobs data

December 4, 2025
Saudi Arabia extends term for $3bn deposit placed with Pakistan for another year
Business

Saudi Arabia extends term for $3bn deposit placed with Pakistan for another year

December 4, 2025
Pakistan, Kyrgyzstan sign agreements to strengthen bilateral cooperation
Business

Pakistan, Kyrgyzstan sign agreements to strengthen bilateral cooperation

December 5, 2025
Intra-day update: rupee records gain against US dollar
Business

Intra-day update: rupee records gain against US dollar

December 4, 2025

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    126 shares
    Share 50 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    54 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    47 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    47 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.