ISLAMABAD : In an apparent bid to bring the big restaurants into tax net, the Federal Board of Revenue (FBR) has decided to enforce Restaurant Invoice monitoring system (RIMS). The source told here on Wednesday that this decision has been taken when tax authority learnt that hundreds of big hotels in the federal capital are not paying tax on their income. Therefore a new mechanism has been adopted by the FBR and authority has categorised these hotels into four categories for their registration with FBR.
The source said that there are 444 restaurants in the jurisdiction of regional tax office Islamabad and out of these only 115 are tax payers while rest are least bothered to file their sales tax returns.
The tax authority has decided to check the income of these hotels and after judging their potential these would be categorised into A, B, C and D category.