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FBR Suspends PoS Invoicing Prize Scheme

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Legal Editorial Desk
FBR Suspends PoS Invoicing Prize Scheme
The Federal Board of Revenue (FBR) has suspended the prize scheme for shoppers of point of sale (PoS) integrated retailers till 31st January 2023. The FBR has suspended SRO 1005 of 2021 regarding the PoS Prize Scheme to make it more inclusive and participatory for the public. In a statement, FBR said that all invoices verified during the intervening period will be included in the next prize draw. The new scheme will be launched after discussions with Tier-1 retailers, card acquirers, issuers, and other stakeholders. As a major step towards documentation of the economy, the FBR had launched the scheme to encourage people to shop from PoS-integrated outlets and participate in lucky draws to win cash prizes.
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Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

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