Chairman Punjab Revenue Authority (PRA), Mr. Moazzam Iqbal Sipra, held a meeting with a delegation of the Hotels Association to discuss the installation of the Electronic Invoice Monitoring System (EIMS) in the hotel industry and matters relating to tax compliance.
The meeting focused on measures to bring the entire hotel industry into the tax net and further broaden the tax base. The participants reviewed the EIMS installation process, technical requirements and challenges faced by hotels in implementing the system.
The Hotels Association delegation assured the PRA of its full cooperation in initiatives aimed at improving the tax system and promoting digitalisation.
The PRA Chairman directed hotel owners to ensure 100 percent installation of EIMS and timely payment of taxes. During the meeting, the delegation was briefed that the installation of EIMS across the hotel industry would be completed within the current month.
Addressing the participants, Chairman PRA emphasised that issuing proper computerised receipts to customers against services provided is a legal requirement.
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He stated that with the cooperation of the business community, the tax system could be made simpler, more transparent and efficient. He further noted that expanding the tax net aims to encourage business activities and promote a culture of tax compliance.
The Chairman also warned that business operators involved in fraudulent practices in the issuance of electronic receipts would be closely monitored and subjected to heavy penalties.
The meeting concluded with an understanding to strengthen coordination between the PRA and the Hotels Association and maintain continuous consultations to address industry-related issues.
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