Business

FBR introduces Buyer Verification Status in monthly sales tax return

The Federal Board of Revenue (FBR) has introduced a new compliance measure by adding “Buyer Verification Status” to Annexure C of the monthly sales tax return, it was reported on Wednesday.
According to FBR, the newly introduced field will allow taxpayers to verify whether their buyers are active and registered within the system before submitting returns.
The move is designed to improve validation of transaction data and reduce mismatches between buyer and seller records.
Tax professionals believe this update will help curb fraudulent reporting while encouraging responsible documentation of sales.
Businesses are now advised to carefully cross-check buyer information during return filing to avoid discrepancies that could lead to audits, penalties, or delays in refunds.
The initiative forms part of FBR’s broader digital transformation strategy aimed at improving compliance and enhancing trust in Pakistan’s tax framework.
Experts recommend that registered persons remain vigilant about such procedural updates, as timely adaptation can help minimise compliance risks and ensure smoother tax operations.

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