FBR Seals 2 Popular Restaurants in Islamabad for Issuing Fake Receipts

As part of FBR’s drive to bring Tier-1 Retailers/Restaurants under the tax net through the POS Invoicing system and after the introduction of the POS Prize Scheme, the Regional Tax Office, Islamabad, sealed two prominent restaurants in Islamabad on account of issuing fake invoices/receipts. After determining the inauthenticity of the reported receipts through POS tracking software under an already devised and announced procedure, a team of RTO Islamabad led by the Deputy Commissioner sealed two restaurants in Blue Area and Super Market and also imposed a penalty of Rs. 0.5 Million upon each of these restaurants. It is pointed out that FBR launched the Point of Sales Prize Scheme on 25 October. In the first phase, the Scheme was introduced in Islamabad for Tier-1 restaurants. It will then be extended to all Tier retailers and across the entire country from next month. Under the Scheme, citizens/consumers who report fake receipts through the Tax Asaan APP to FBR will get varying cash rewards. After verifying the fake receipts using a devised procedure, FBR will transfer the cash prizes directly into the winners’ bank accounts. The reported Tier-1 Retailers/Restaurants will then be sealed for issuing fake receipts. This important initiative aims to discourage the fake invoices culture by ensuring that the due taxes are deposited in the national exchequer. FBR is committed to ensuring tax compliance through effective enforcement of tax regulations.