The Punjab Revenue Authority (PRA) has asked all hotels and restaurants in the province to install the electronic invoice monitoring system (EIMS) to ensure timely payment of taxes.
The directive was issued during a meeting with the Hotels and Restaurant Association on Friday. Participants discussed the installation of EIMS in the hotel industry and tax compliance.
The meeting focused on bringing the entire hotel industry into the tax net and broadening the tax base. Participants reviewed the installation process, technical requirements and challenges faced by hotels in implementing the system.
Association office-bearers assured the PRA of their full cooperation in initiatives to improve the tax system and promote digitalisation. PRA Chairperson Moazzam Iqbal Sipra said issuing computerised receipts to customers for services provided is a legal requirement.
He said that with the cooperation of the business community, the tax system could be made simpler, more transparent and more efficient. He added that expanding the tax net would encourage business activity and promote a culture of tax compliance.
He also warned that operators found involved in fraudulent practices in issuing electronic receipts would be closely monitored and face heavy penalties.
Yesterday, it was reported that the PRA will fast-track the registration of new businesses and the installation of its Electronic Invoice Monitoring System (E-IMS) across 14 designated sectors. Firms that issue fake receipts or tamper with records will face strict action.
He directed all Commissionerates to develop effective strategies for identifying new taxable services and bringing them into the tax net. Officers have been assigned specific E-IMS installation targets, and enforcement teams will be formed to increase registrations and installations.
He also ordered close monitoring of pending tax cases and timely recovery of outstanding dues. He asked chambers of commerce and trade associations to help speed up the integration of businesses with E-IMS.
Sipra said firms found issuing fake receipts or manipulating records, even with E-IMS installed, would face strict action and a tax surcharge.
