From Jan 2018: FBR to launch system to monitor sales
The coverage of RIMS would be extended to all hotels and restaurants in Islamabad
ISLAMABAD:
The Federal Board of Revenue (FBR) will launch pilot testing of Real-time Invoice Monitoring System (RIMS) on hotels and restaurants in Islamabad having sales turnover of Rs5 million and above in the first week of January 2018 to monitor sales and collect sales tax. On successful operation of pilot testing, the coverage of RIMS would be extended to all hotels and restaurants in the federal capital, a statement said on Saturday. However, hotels and restaurants with a sales turnover of less than Rs5 million would not be covered by RIMS. This was disclosed by Chief Commissioner of Regional Tax Office Islamabad Mustafa Sajjad Hassan, while addressing the business community at the Islamabad Chamber of Commerce and Industry (ICCI). On the occasion, a detailed presentation on web-based RIMS was given to the business community. Hassan said that the purpose of web-based RIMS was to reduce the interface between FBR and taxpayers.
Published in The Express Tribune, December 31st, 2017.
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