FBR to launch pilot testing of RIMS on restaurants in the first week of January

Islamabad (Commerce Reporter) The Federal Board of Revenue (FBR) would launch a pilot testing of Real-time Invoice Monitoring System (RIMS) on hotels/restaurants in Islamabad having sales turnover of Rs.5 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/restaurants in the federal capital. However, hotels/restaurants with a sales turnover of less than Rs.5 million would not be covered by RIMS. This was disclosed byMr. Mustafa Sajjad Hassan, Chief Commissioner, Regional Tax Office, Islamabad while addressing business community at Islamabad Chamber of Commerce and Industry. Ms. Ayesha Farooq Commissioner RTO, Zaheer Qureshi Chief Sales Tax and Engr. Iftikhhar Ali SPM (Punjab & KP) from PRAL 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. He assured that no sales tax audit would be done of the restaurants covered by RIMS. He further assured that on launch of RIMS, any bugs faced by the business community, would be removed by the FBR technical team.30 Dec 2017