Written by Hamza Shahnawaz in Taxation Draft SRO 1692(I)/2026 sets conditions for businesses seeking tax credits on electronic resources integrated with the FBR’s computerised system. The Federal Board of Revenue (FBR) has proposed new rules governing the tax credit for integration under Section 64D of the Income Tax Ordinance, 2001, setting out conditions for businesses investing in electronic systems required for real-time monitoring and sales reporting. The proposals have been issued through draft SRO 1692(I)/2026, which seeks to insert a new Rule 33U into Chapter VIIA of the Income Tax Rules, 2002. The FBR has invited objections and suggestions on the draft within seven days of its publication in the official Gazette. Conditions for Claiming Tax Credit Under the proposed Rule 33U, a person claiming the tax credit must be required under the Income Tax Ordinance, Sales Tax Act or Federal Excise Act to integrate with the FBR’s computerised system for real-time production monitoring or recording and reporting sales or receipts. The electronic resource for which the credit is claimed must be purchased, acquired, installed or implemented during the relevant tax year and successfully integrated and configured with the FBR’s system during that year. The equipment, hardware, software or other electronic component must also be directly and exclusively used for the required integration. The integration must be supported by an activation, commissioning or configuration record generated or confirmed by the FBR’s computerised system. The record must identify the taxpayer, electronic resource and activation date. What Investment Costs Can Be Included? The amount actually invested in an electronic resource may include its acquisition or purchase price, along with one-time costs directly linked to installation, configuration, interface development,…