The covera­ge of RIMS would be extend­ed to all hotels and restau­rants in Islama­badISLAMABAD: 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. 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.

Source: The Express Tribune December 31, 2017 08:37 UTC