LAHORE:Punjab Revenue Authority (PRA) Chairman Moazzam Iqbal Sipra here Thursday held a meeting with a delegation of Lahore Hotels and Tourism Association (LHTA) to discuss tax-related matters and business challenges faced by the hotel industry.
During the meeting, the Chairman stated that irregularities in digital payments and non-implementation of the Electronic Invoice Monitoring System (E-IMS) would result in notices and heavy penalties. He emphasized that transparent payment of sales tax on services was essential and that strict action against tax evasion is necessary.
The delegation assured the PRA of 100 percent registration of business operators and full compliance with applicable tax laws and regulations.
Proposals to improve the tax system for the promotion of the hotel industry and tourism sector were also discussed.
Both sides agreed to strengthen coordination and mutual consultation between the PRA and the hotel industry to facilitate compliance and address industry-related concerns.
The PRA Chairman reiterated that ensuring compliance with tax laws and expanding the tax net in the hotel industry remained a priority of the Government of Punjab.
Members of the delegation appreciated the initiative, stating that proposals aimed at resolving the legitimate concerns of the business community and making the tax system more effective, transparent and convenient represented a positive step forward.