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ISLAMABAD: The Federal Board of Revenue (FBR) has issued a procedure for the vendors/integrated enterprises intended to obtain licenses for operating online integration of businesses.

The FBR has issued SRO 1845(l)2023 to amend the lncome Tax Rules, 2002.

Member Digital Initiatives shall appoint an officer not below the rank of an Additional Commissioner (BPS-19) to be the convener of the licensing committee.

The licensing committee shall evaluate the applications and make recommendations to Member Digital Initiatives for the renewal of the license.

Multinational companies: FBR decides to implement e-ST integration system

The convener of the licensing committee as appointed by the Member Digital Initiatives shall be responsible for overall supervision of the system and the steps taken to address problems encountered during operation of the systems.

On receiving the application, the Board shall, through its nominated committee, determine accreditation of the brand, model and specification of the EFD, which means a system composed of one Sale Data Controller (SDC) and at least one Point of Sale (POS) connected together.

During the accreditation process, the supplier must provide licensing committee with access to information and equipment and any other assistance reasonably required for carrying out the process.

The licensing committee may revoke the accreditation of vendor if the brand, model and specification of the EFD ceases to comply with the determined parameters. The notice of revocation shall be sent to the vendor specifying the reasons for revocation and also to the integrated supplier operating such EFD. The licensing committee shall also immediately remove the particulars of the EFD from its website.

The licensing committee shall recommend or reject an application within fifteen days of date of submission of the application, specifying reasons for recommending or rejection of any application under these rules, FBR added.

Copyright Business Recorder, 2023

Comments

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Twain pen di Dec 24, 2023 11:18am
making rules they themselves will flout.
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T.Qurashi Dec 24, 2023 12:00pm
More licensing requirements; more unnecessary regulation. This is how to discourage businesses before they even start. Kindly make the system simpler and not more complex, if you want the economy to grow.
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Muhammad Khurram Shabbir Dec 24, 2023 06:32pm
More red tape coming...
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Nalemitho Dec 25, 2023 01:55pm
رشوت خور بیوروکریسی کیلئے ایک اور دروازا کھلے گا۔ پھر پاکستان میں ٹیکنالوجی لانے والوں کو ذلیل کیا جائیگا۔ پہلے ہی %3 اونلائن سیل ہوتی ہے، فیک آرڈرس پر کرایہ بھی سیلر بھر رہا ہے ڈمیج بہی مزدوری مشکل سے بچتی ہے اب اس پر بھی سانپ بٹھادو کمینے لوگو
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Abid Dec 25, 2023 03:39pm
@Nalemitho , excellent saying by you. Barbies are at fast rate....
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