Invoice Risk Management System - IRMS In Pakistan

Invoice Risk Management System (IRMS) and Registered Persons Risk Management System (RP-RMS) - FBR Pakistan

After successful implementation of Invoice Risk Management System (#IRMS), #FBR is about to launch Registered Persons Risk Management System (RP-RMS) for detection of taxpayers not issuing Point of Sales (#POS) #invoices, or issuing faulty, unverifiable or delayed invoices. Officers of Inland Revenue, FBR, will be able to see those taxpayers in their jurisdiction who are skipping, suppressing and manipulating invoices.

The system will have FBR's oversight also which will keep track of performance/actions taken by officers across Pakistan. All Tax Offices will be visible at FBR HQ. It is pertinent to mention that there are a number of different parameters embedded in the system to auto-detect sales suppression/violations of tax rules by the taxpayers or any connivance with their invoicing #POS #software providers. The system will help FBR to take swift action against non-compliant POS Integrated Persons who are suppressing or not registering their sales in real time.

Tier3 maintains complete FBR compliance and ensure '0 percent policy' for invoices to be reported in Invoice Risk Management System (IRMS). Tier3 can also help retailers and taxpayers not issuing Point of Sales invoices, or issuing faulty, unverifiable or delayed invoices, who are reported in Registered Persons Risk Management System (RP-RMS) to achieve 100% compliance with FBR Systems. 

Read More for more information about FBR POS Integration and FBR POS System.