FBR to launch pilot testing of RIMS on restaurants in capital

The Federal Board of Revenue (FBR) would launch a 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 Saturday said.
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 business community here at Islamabad Chamber of Commerce and Industry (ICCI).
Commissioner RTO Ayesha Farooq, Chief Sales Tax Zaheer Qureshi and SPM (Punjab & KP) from PRAL Engr Iftikhhar Ali also accompanied him.
At the occasion, a detailed presentation on web-based RIMS was given to the business community. Mustafa Sajjad Hassan said that the purpose of web-based RIMS was to reduce the interface between FBR and taxpayers and said that gradually other sectors of the economy would also be covered by such IT based systems to monitor sales and collect sales tax.
He said business community should not be afraid of RIMS as it would facilitate them and reduce their interaction with FBR officials. He was hopeful that the improvement in sales tax collection would lead to further reduction in its rates. He said FBR technical team was ready to provide training to the technical staff of restaurants for operation of RIMS.—APP

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