ISLAMABAD: The Federal Board of Revenue (FBR) has made it compulsory for the different categories of integrated businesses and enterprises including hotels/restaurants, hospitals, medical practitioners/consultants, courier/cargo services, pathological laboratories, health clubs/gyms and accountants to integrate online with the FBR's computer system.
The FBR has issued a new rule i.e. online integration of businesses through an SRO779(I)2020, here on Thursday, to amend the Income Tax Rules, 2002 for documentation of transactions taking place in these businesses for accurate payment of income tax.
According to the FBR, online integration of businesses would be compulsory for photographers, medical care centres, medical diagnostic laboratories, inter-city travel by road and services provided by beauty parlours, clinics and slimming centres, guest houses, marriage halls, marquees, retailers including manufacturer-cum-retailer, wholesaler-cum-retailer, importer-cum-retailer or such other person who combines the activity of retail sale with another business activity.
Some categories of integrated businesses are not required to integrate online with the FBR’s computer system as specified in the notification.
The integrated enterprises shall install such fiscal electronic device and software, as approved by the board, available on its website with complete technical instructions for installation, configuration, and integration.
The person shall notify to the board, through the computerised system, of all the establishments (notified establishments), from which they intend to carry on business and shall register each point of sale (POS) to activate the integration duly providing the following information: POS registration number (to be provided by the system); name of business like branch name; branch address; POS identification number, and registration date.
No sale or service from the notified establishment shall be rendered without being recorded by the duly accredited electronic fiscal device (EFD), which means a system composed of one sale data controller (SDC) and at least one point of sale (POS) connected together, that has the specified characteristics and requirements, the FBR maintained.
The integrated enterprise shall maintain the record of all the bills and transactions made from a notified establishment and also at the notified central location.
The taxpayer shall provide access to such premises as well as the specific record required to the Inland Revenue officer as authorised by the commissioner concerned.
Other provisions of the Income Tax Ordinance regarding record maintenance and access thereto, and otherwise, shall also be applicable, the FBR said.
During the intervening period till such time the board puts into operation a system of accredited secure devices and real time communication of bills and other data as stipulated in rule, the online integration shall be considered to have been achieved, if all the conditions specified in this rule are fulfilled.
The taxpayer shall certify, using his user ID and password on the computerised system, that he shall fulfill all the requirements of this chapter as relaxed by this rule and that he shall ensure integration of all notified establishments in the manner as stipulated within one month of the date when the board declares readiness for the same through a notice sent through email or computerised system.
Such person shall provide details of all his establishments in the manner as stipulated.
The taxpayer shall upload or transfer the data of all invoices or bills periodically to the board's computerised system but the interval during such transfer shall not exceed seven clear days, the FBR added.
The Board shall ensure to provide a facility on its website to a customer of an integrated enterprise Person to verify and ensure that the invoice or bill issued to him has been duly communicated to the Board's Computerized System and in case of non-verification, he may upload the image of invoice or bill to the Board's portal, FBR added.
Copyright Business Recorder, 2020
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