Unilever Calls On Pakistan Government To Adopt Electronic Invoicing

Unilever Pakistan Limited suggested to the country's ministry of finance to put in place an electronic invoicing system. Also, the company called on the government to offer 5 percent in rebates to encourage companies to issue electronic invoices. Unilever Pakistan's proposed 2015-2016 budget says electronic invoicing will help reduce the problem of “flying invoices and inadmissible claims of input tax.” Also, to simplify the process and reduce the incidence rate of false refunds, Unilever proposes that a non-VAT mode be adopted in collecting sales tax with a maximum rate of 4 percent, without any adjustment of input tax.