diff --git a/prisma/checkout.prisma b/prisma/checkout.prisma
index 5e93729..3d5cd40 100644
--- a/prisma/checkout.prisma
+++ b/prisma/checkout.prisma
@@ -68,6 +68,8 @@ model Order {
   coupon Coupon? @relation(fields: [couponId, organizationId], references: [id, organizationId], onDelete: Restrict)
   lines OrderLine[]
   reservations StockReservation[]
+  pricing OrderPricing?
+  events CommerceEvent[]
   @@unique([userId, organizationId, idempotencyKey])
   @@unique([id, organizationId])
   @@index([organizationId, userId, createdAt, id])
diff --git a/prisma/events.prisma b/prisma/events.prisma
new file mode 100644
index 0000000..78e6421
--- /dev/null
+++ b/prisma/events.prisma
@@ -0,0 +1,24 @@
+model CommerceEvent {
+  id String @id @default(uuid()) @db.Uuid
+  organizationId String @map("organization_id") @db.Uuid
+  orderId String @map("order_id") @db.Uuid
+  kind String @db.VarChar(80)
+  createdAt DateTime @default(now()) @map("created_at") @db.Timestamptz(3)
+  order Order @relation(fields: [orderId, organizationId], references: [id, organizationId], onDelete: Restrict)
+  delivery EventDelivery?
+  @@unique([orderId, kind])
+  @@index([organizationId, createdAt, id])
+  @@map("commerce_events")
+}
+model EventDelivery {
+  eventId String @id @map("event_id") @db.Uuid
+  attempts Int @default(0)
+  availableAt DateTime @default(now()) @map("available_at") @db.Timestamptz(3)
+  leaseToken String? @map("lease_token") @db.Uuid
+  leaseExpiresAt DateTime? @map("lease_expires_at") @db.Timestamptz(3)
+  deliveredAt DateTime? @map("delivered_at") @db.Timestamptz(3)
+  lastErrorCode String? @map("last_error_code") @db.VarChar(80)
+  event CommerceEvent @relation(fields: [eventId], references: [id], onDelete: Restrict)
+  @@index([deliveredAt, availableAt, leaseExpiresAt])
+  @@map("event_deliveries")
+}
diff --git a/prisma/migration-checksums.json b/prisma/migration-checksums.json
index 9e5c06e..3abdb0f 100644
--- a/prisma/migration-checksums.json
+++ b/prisma/migration-checksums.json
@@ -9,5 +9,7 @@
   "20260910182626_checkout_orders": "aa924db3868c96475c8255800788de42d8e7447cf0a2c84b789b116e533582cb",
   "20260910182800_checkout_integrity": "e88b972ab16a4cd95f6fb4f097ce41ddfc7917899dc3803a1e7757c3e56c19b2",
   "20260910183016_checkout_snapshot_guards": "f1c7a95b5a620e06a518a96d457fb493241bd2d5e7deb6b5788ad85c8f3b59f7",
-  "20260910184357_order_reconciliation": "c32e7a917618e02ed1658abb740a7f4e0513a47e0734ad29d90fff325fd05336"
+  "20260910184357_order_reconciliation": "c32e7a917618e02ed1658abb740a7f4e0513a47e0734ad29d90fff325fd05336",
+  "20260911110906_pricing_events": "60a4a5a0a05821c2a9785496cd2e9bc0f839e5fb2ae3c59275655481c96eb66b",
+  "20260911111403_operations_integrity": "f40bddf9e29d6518bc765cbaca7688c04cb95d5ff729c52e7dc775eefa1e521e"
 }
diff --git a/prisma/migrations/20260911110906_pricing_events/migration.sql b/prisma/migrations/20260911110906_pricing_events/migration.sql
new file mode 100644
index 0000000..8dab894
--- /dev/null
+++ b/prisma/migrations/20260911110906_pricing_events/migration.sql
@@ -0,0 +1,94 @@
+-- CreateEnum
+CREATE TYPE "TaxMode" AS ENUM ('INCLUSIVE', 'EXCLUSIVE');
+
+-- CreateTable
+CREATE TABLE "commerce_events" (
+    "id" UUID NOT NULL,
+    "organization_id" UUID NOT NULL,
+    "order_id" UUID NOT NULL,
+    "kind" VARCHAR(80) NOT NULL,
+    "created_at" TIMESTAMPTZ(3) NOT NULL DEFAULT CURRENT_TIMESTAMP,
+
+    CONSTRAINT "commerce_events_pkey" PRIMARY KEY ("id")
+);
+
+-- CreateTable
+CREATE TABLE "event_deliveries" (
+    "event_id" UUID NOT NULL,
+    "attempts" INTEGER NOT NULL DEFAULT 0,
+    "available_at" TIMESTAMPTZ(3) NOT NULL DEFAULT CURRENT_TIMESTAMP,
+    "lease_token" UUID,
+    "lease_expires_at" TIMESTAMPTZ(3),
+    "delivered_at" TIMESTAMPTZ(3),
+    "last_error_code" VARCHAR(80),
+
+    CONSTRAINT "event_deliveries_pkey" PRIMARY KEY ("event_id")
+);
+
+-- CreateTable
+CREATE TABLE "pricing_policies" (
+    "id" UUID NOT NULL,
+    "organization_id" UUID NOT NULL,
+    "name" VARCHAR(100) NOT NULL,
+    "currency" CHAR(3) NOT NULL,
+    "country_code" CHAR(2) NOT NULL,
+    "region" VARCHAR(100) NOT NULL DEFAULT '',
+    "tax_mode" "TaxMode" NOT NULL,
+    "merchandise_tax_bps" INTEGER NOT NULL,
+    "shipping_fee" DECIMAL(12,2) NOT NULL,
+    "shipping_tax_bps" INTEGER NOT NULL,
+    "free_shipping_minimum" DECIMAL(12,2),
+    "active" BOOLEAN NOT NULL DEFAULT false,
+    "created_at" TIMESTAMPTZ(3) NOT NULL DEFAULT CURRENT_TIMESTAMP,
+
+    CONSTRAINT "pricing_policies_pkey" PRIMARY KEY ("id")
+);
+
+-- CreateTable
+CREATE TABLE "order_pricing" (
+    "order_id" UUID NOT NULL,
+    "organization_id" UUID NOT NULL,
+    "policy_id" UUID NOT NULL,
+    "policy_snapshot" JSONB NOT NULL,
+    "merchandise_tax" DECIMAL(16,2) NOT NULL,
+    "shipping_net" DECIMAL(16,2) NOT NULL,
+    "shipping_tax" DECIMAL(16,2) NOT NULL,
+    "tax_total" DECIMAL(16,2) NOT NULL,
+    "payable_total" DECIMAL(16,2) NOT NULL,
+    "created_at" TIMESTAMPTZ(3) NOT NULL DEFAULT CURRENT_TIMESTAMP,
+
+    CONSTRAINT "order_pricing_pkey" PRIMARY KEY ("order_id")
+);
+
+-- CreateIndex
+CREATE INDEX "commerce_events_organization_id_created_at_id_idx" ON "commerce_events"("organization_id", "created_at", "id");
+
+-- CreateIndex
+CREATE UNIQUE INDEX "commerce_events_order_id_kind_key" ON "commerce_events"("order_id", "kind");
+
+-- CreateIndex
+CREATE INDEX "event_deliveries_delivered_at_available_at_lease_expires_at_idx" ON "event_deliveries"("delivered_at", "available_at", "lease_expires_at");
+
+-- CreateIndex
+CREATE INDEX "pricing_policies_organization_id_currency_country_code_regi_idx" ON "pricing_policies"("organization_id", "currency", "country_code", "region", "active");
+
+-- CreateIndex
+CREATE UNIQUE INDEX "pricing_policies_id_organization_id_key" ON "pricing_policies"("id", "organization_id");
+
+-- CreateIndex
+CREATE UNIQUE INDEX "order_pricing_order_id_organization_id_key" ON "order_pricing"("order_id", "organization_id");
+
+-- AddForeignKey
+ALTER TABLE "commerce_events" ADD CONSTRAINT "commerce_events_order_id_organization_id_fkey" FOREIGN KEY ("order_id", "organization_id") REFERENCES "orders"("id", "organization_id") ON DELETE RESTRICT ON UPDATE CASCADE;
+
+-- AddForeignKey
+ALTER TABLE "event_deliveries" ADD CONSTRAINT "event_deliveries_event_id_fkey" FOREIGN KEY ("event_id") REFERENCES "commerce_events"("id") ON DELETE RESTRICT ON UPDATE CASCADE;
+
+-- AddForeignKey
+ALTER TABLE "pricing_policies" ADD CONSTRAINT "pricing_policies_organization_id_fkey" FOREIGN KEY ("organization_id") REFERENCES "organizations"("id") ON DELETE RESTRICT ON UPDATE CASCADE;
+
+-- AddForeignKey
+ALTER TABLE "order_pricing" ADD CONSTRAINT "order_pricing_order_id_organization_id_fkey" FOREIGN KEY ("order_id", "organization_id") REFERENCES "orders"("id", "organization_id") ON DELETE RESTRICT ON UPDATE CASCADE;
+
+-- AddForeignKey
+ALTER TABLE "order_pricing" ADD CONSTRAINT "order_pricing_policy_id_organization_id_fkey" FOREIGN KEY ("policy_id", "organization_id") REFERENCES "pricing_policies"("id", "organization_id") ON DELETE RESTRICT ON UPDATE CASCADE;
diff --git a/prisma/migrations/20260911111403_operations_integrity/migration.sql b/prisma/migrations/20260911111403_operations_integrity/migration.sql
new file mode 100644
index 0000000..4a609b7
--- /dev/null
+++ b/prisma/migrations/20260911111403_operations_integrity/migration.sql
@@ -0,0 +1,63 @@
+ALTER TABLE pricing_policies ADD CONSTRAINT pricing_rule_bounds CHECK (
+  merchandise_tax_bps BETWEEN 0 AND 10000 AND shipping_tax_bps BETWEEN 0 AND 10000
+  AND shipping_fee >= 0 AND (free_shipping_minimum IS NULL OR free_shipping_minimum >= 0)
+  AND currency IN ('INR','USD','EUR','GBP') AND country_code ~ '^[A-Z]{2}$' AND region = upper(region)
+);
+CREATE UNIQUE INDEX pricing_one_active_scope ON pricing_policies (organization_id, currency, country_code, region)
+WHERE active = true;
+CREATE FUNCTION protect_pricing_policy() RETURNS trigger LANGUAGE plpgsql AS $$
+BEGIN
+  IF (to_jsonb(NEW) - 'active') IS DISTINCT FROM (to_jsonb(OLD) - 'active') THEN
+    RAISE EXCEPTION 'Pricing policies are immutable; create a new version';
+  END IF;
+  RETURN NEW;
+END;
+$$;
+CREATE TRIGGER pricing_policy_immutable BEFORE UPDATE ON pricing_policies
+FOR EACH ROW EXECUTE FUNCTION protect_pricing_policy();
+
+CREATE FUNCTION reject_commerce_snapshot_mutation() RETURNS trigger LANGUAGE plpgsql AS $$
+BEGIN
+  RAISE EXCEPTION 'Commerce snapshots and events are immutable';
+END;
+$$;
+CREATE TRIGGER order_pricing_immutable BEFORE UPDATE OR DELETE ON order_pricing
+FOR EACH ROW EXECUTE FUNCTION reject_commerce_snapshot_mutation();
+CREATE TRIGGER commerce_events_immutable BEFORE UPDATE OR DELETE ON commerce_events
+FOR EACH ROW EXECUTE FUNCTION reject_commerce_snapshot_mutation();
+
+CREATE FUNCTION reconcile_order_pricing() RETURNS trigger LANGUAGE plpgsql AS $$
+DECLARE
+  p pricing_policies%ROWTYPE;
+  merchandise NUMERIC;
+  expected_tax NUMERIC;
+  shipping NUMERIC;
+  shipping_tax NUMERIC;
+  payable NUMERIC;
+BEGIN
+  SELECT * INTO STRICT p FROM pricing_policies WHERE id = NEW.policy_id AND organization_id = NEW.organization_id;
+  SELECT merchandise_total INTO STRICT merchandise FROM orders WHERE id = NEW.order_id AND organization_id = NEW.organization_id;
+  expected_tax := ROUND(merchandise * p.merchandise_tax_bps /
+    (10000 + CASE WHEN p.tax_mode = 'INCLUSIVE' THEN p.merchandise_tax_bps ELSE 0 END), 2);
+  shipping := CASE WHEN p.free_shipping_minimum IS NOT NULL AND merchandise >= p.free_shipping_minimum
+    THEN 0 ELSE p.shipping_fee END;
+  shipping_tax := ROUND(shipping * p.shipping_tax_bps / 10000, 2);
+  payable := merchandise + shipping + shipping_tax + CASE WHEN p.tax_mode = 'EXCLUSIVE' THEN expected_tax ELSE 0 END;
+  IF NEW.merchandise_tax <> expected_tax OR NEW.shipping_net <> shipping OR NEW.shipping_tax <> shipping_tax
+    OR NEW.tax_total <> expected_tax + shipping_tax OR NEW.payable_total <> payable THEN
+    RAISE EXCEPTION 'Final pricing does not match the selected policy';
+  END IF;
+  RETURN NEW;
+END;
+$$;
+CREATE TRIGGER order_pricing_reconciled BEFORE INSERT ON order_pricing
+FOR EACH ROW EXECUTE FUNCTION reconcile_order_pricing();
+
+ALTER TABLE commerce_events ADD CONSTRAINT commerce_event_kind CHECK (kind IN ('order.created','order.cancelled'));
+ALTER TABLE event_deliveries ADD CONSTRAINT delivery_attempt_bounds CHECK (attempts BETWEEN 0 AND 5);
+ALTER TABLE event_deliveries ADD CONSTRAINT delivery_lease_pair CHECK ((lease_token IS NULL) = (lease_expires_at IS NULL));
+UPDATE roles SET permissions = ARRAY(
+  SELECT DISTINCT permission FROM unnest(permissions || ARRAY[
+    'pricing.manage', 'operations.read', 'notifications.retry'
+  ]::text[]) AS permission ORDER BY permission
+) WHERE is_system = true;
diff --git a/prisma/pricing.prisma b/prisma/pricing.prisma
new file mode 100644
index 0000000..5417a95
--- /dev/null
+++ b/prisma/pricing.prisma
@@ -0,0 +1,41 @@
+enum TaxMode {
+  INCLUSIVE
+  EXCLUSIVE
+}
+model PricingPolicy {
+  id String @id @default(uuid()) @db.Uuid
+  organizationId String @map("organization_id") @db.Uuid
+  name String @db.VarChar(100)
+  currency String @db.Char(3)
+  countryCode String @map("country_code") @db.Char(2)
+  region String @default("") @db.VarChar(100)
+  taxMode TaxMode @map("tax_mode")
+  merchandiseTaxBps Int @map("merchandise_tax_bps")
+  shippingFee Decimal @map("shipping_fee") @db.Decimal(12,2)
+  shippingTaxBps Int @map("shipping_tax_bps")
+  freeShippingMinimum Decimal? @map("free_shipping_minimum") @db.Decimal(12,2)
+  active Boolean @default(false)
+  createdAt DateTime @default(now()) @map("created_at") @db.Timestamptz(3)
+  organization Organization @relation(fields: [organizationId], references: [id], onDelete: Restrict)
+  prices OrderPricing[]
+  @@unique([id, organizationId])
+  @@index([organizationId, currency, countryCode, region, active])
+  @@map("pricing_policies")
+}
+model OrderPricing {
+  orderId String @id @map("order_id") @db.Uuid
+  organizationId String @map("organization_id") @db.Uuid
+  policyId String @map("policy_id") @db.Uuid
+  policySnapshot Json @map("policy_snapshot")
+  merchandiseTax Decimal @map("merchandise_tax") @db.Decimal(16,2)
+  shippingNet Decimal @map("shipping_net") @db.Decimal(16,2)
+  shippingTax Decimal @map("shipping_tax") @db.Decimal(16,2)
+  taxTotal Decimal @map("tax_total") @db.Decimal(16,2)
+  payableTotal Decimal @map("payable_total") @db.Decimal(16,2)
+  createdAt DateTime @default(now()) @map("created_at") @db.Timestamptz(3)
+  order Order @relation(fields: [orderId, organizationId], references: [id, organizationId], onDelete: Restrict)
+  policy PricingPolicy @relation(fields: [policyId, organizationId], references: [id, organizationId], onDelete: Restrict)
+  @@unique([orderId, organizationId])
+  @@map("order_pricing")
+}
+
diff --git a/prisma/schema.prisma b/prisma/schema.prisma
index 157b82b..2e2d547 100644
--- a/prisma/schema.prisma
+++ b/prisma/schema.prisma
@@ -23,6 +23,7 @@ model Organization {
   catalogGroups CatalogGroup[]
   warehouses Warehouse[]
   coupons Coupon[]
+  pricingPolicies PricingPolicy[]
   @@map("organizations")
 }
 model User {