PRA's integration of e-IMS system with FBR's POS on the cards

Lahore: The Punjab Revenue Authority (PRA) is on its way to integrating its e-IMS system with the Federal Board of Revenue's (FBR) Point of Sales (POS) system.

The integration of PRA’s Electronic Invoice Monitoring System (e-IMS) with the POS system will simplify tax processes for taxpayers as they will not require integration with two separate systems of two revenue organisations. This will also reduce procedural redundancies.

The integration is also expected to curb tax evasion by minimizing reliance on manual receipts as well as it will be pivotal in the documentation of transactions thus helping in the documentation of the economy.

The rollout of the integration plan will be completed in phases: in the first phase, eIMS-POS integration for restaurants will be made till the end of December this year whereas this will be extended to other sectors before the end of February next year.

It is also pertinent to mention that PRA is already on its way to integrating the data of eIMS with its return which is also a step towards simplification of the tax process for the taxpayers and elimination of duplication of efforts.

For restaurant owners, the system will streamline invoice generation, further enhancing efficiency and compliance.