The Regional Tax Office, Islamabad, took action on complaints received from citizens and consumers that these restaurants were issuing counterfeit receipts. A total fine of Rs 1.5 million was also imposed on the restaurants that were sealed.
This move is in continuation of the efforts of the Federal Board of Revenue to include tier-one retailers/restaurants in the tax net through the Point of Sale (POS) invoicing system.
It should be noted that the FBR has launched the Point of Sale Reward Scheme from October 25. In the first phase, this scheme has been introduced for tier one restaurants in Islamabad which will later be extended to all tier retailers and then to the entire country from the end of this month.
Under this scheme, citizens/consumers who inform the FBR about fake receipts through the Tax Asan app will be given cash prizes.
After verifying the fake receipts under a specific procedure, the FBR will directly transfer the cash prizes to the bank accounts of the winning consumers.
The FBR said that this step has been taken to curb the trend of fake receipts to ensure full payment of taxes and to collect the due amount in the national exchequer.
The FBR reiterated its commitment to ensure tax compliance through effective enforcement of tax laws.
Under this action, Tier 1 retailers or restaurants against whom complaints of fake receipts are received will be strictly prosecuted and sealed.
The FBR has also announced that citizens and consumers will be given cash rewards for informing the FBR about fake invoices.
These rewards will be collected through the Tax Asan app and the reward amount will be transferred directly to the consumers’ bank accounts.
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