FBR holds 9th ballot of POS Invoicing Prize Scheme.

ISLAMABAD -- The Federal Board of Revenue (FBR) on Thursday conducted 9th computerized balloting of Point of Sale (POS) Invoicing Prize Scheme in Multan as its flagship initiative.

A total of Rs. 54 million were disbursed among the 1017 lucky winners during the ceremony, said a press release issued by FBR. Sardar Ali Khawaja, Member Public Relations (FBR) was the chief guest of the ceremony which was also attended by senior officials, local trader community and representatives of the mainstream national media.

Addressing on the occasion, Sardar Ali Khawaja underlined the importance of depositing the due Sales Tax by retailers in state exchequer. He urged the trader community to become part of POS Scheme by integrating with FBR's automated system and thus contribute to country's growth and prosperity with enhanced tax collection. He also motivated the general public to always ask for final and original receipt after shopping from tier-1 outlets to ensure that their sales tax is deposited into the state exchequer.

Khawaja said that FBR was making all-out endeavours to bridge trust deficit between traders and tax authorities in order to maximize tax compliance. He said that Chairman FBR, Asim Ahmad has held many rounds of discussions with trader community in order to thrash out a mutually acceptable way forward over tax collection mechanism.

Addressing the local business community, the chief guest noted that registration ratio of retailers was very less in Multan region and encouraged...