FBR notifies sales-tax treatment for advance payments on future supplies

On November 6, the Federal Board of Revenue notified new sales-tax procedures requiring invoices to be issued on advance payments for future supplies and requiring output tax to be declared in the tax period when the payment is received. The change takes effect as an immediate compliance measure rather than a budget proposal, tightening documentation and timing rules for VAT-style collection. The measure can pull some tax recognition forward, increase invoice traceability, and raise short-term compliance costs for firms that routinely take deposits or staged prepayments.