{"id":90048,"date":"2022-11-16T15:12:44","date_gmt":"2022-11-16T10:12:44","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=90048"},"modified":"2022-11-16T15:14:59","modified_gmt":"2022-11-16T10:14:59","slug":"fbr-discontinues-balloting-pos-prize-scheme","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-discontinues-balloting-pos-prize-scheme.html","title":{"rendered":"FBR discontinues balloting for PoS prize scheme"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: The Federal Board of Revenue (FBR) has decided to discontinue the computerised ballot of its flagship initiative \u2013 Point of Sale (PoS) Invoicing Prize Scheme till January 31, 2023, according to news published on November 16.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-increase-direct-tax-wealthy.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR introduces provisions to increase direct tax on wealthy<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per the details, the board has suspended SRO 1005 of 2021 regarding the POS Prize Scheme till January next year. This decision was taken to make the scheme more inclusive and participatory for the general public.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The FBR has amended the Sales Tax Rules, 2006, according to which the amended rules will not have any effect during the period starting on November 15 and ending January 31, 2023. The news source mentioned that all the invoices verified during the suspension period will be included in the next prize draw.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, the <a href=\"https:\/\/www.zameen.com\/news\/fbr-notice-tier-1-retailers-pos-system.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR<\/a> disclosed that the new scheme will be launched after a discussion with the Tier-1 retailers, issuers, card acquirers, and other stakeholders. It was mentioned that the new scheme will be launched soon.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/tax-gdp-ratio-fbr-finance-act-2022.html\" target=\"_blank\" rel=\"noreferrer noopener\">Tax-to-GDP ratio: FBR to enforce Finance Act 2022<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is important to note that every month, the FBR distributes prizes of PKR 54 million among the 1,017 lucky draw winners. So far, the board has held 10 computerised ballots of the PoS prize scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has decided to discontinue the computerised ballot of its flagship initiative \u2013 Point of Sale (PoS) Invoicing Prize Scheme till January 31, 2023, according to news published on November 16. Read: FBR introduces provisions to increase direct tax on wealthy As per the details, the board has suspended SRO 1005 of 2021 regarding the POS Prize Scheme till January next year. This decision was taken to make the scheme more inclusive and participatory for the general public. The FBR has amended the Sales Tax Rules, 2006, according to which the amended rules will not have any effect during the period starting on November 15 and ending January 31, 2023. The news source mentioned that all the invoices verified during the suspension period will be included in the next prize draw. Moreover, the FBR disclosed that the new scheme will be launched after a discussion with the Tier-1 retailers, issuers, card acquirers, and other stakeholders. It was mentioned that the new scheme will be launched soon. Read: Tax-to-GDP ratio: FBR to enforce Finance Act 2022 It is important to note that every month, the FBR distributes prizes of PKR 54 million among the 1,017&hellip;<\/p>\n","protected":false},"author":83,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[54938,19230],"persona":[],"class_list":["post-90048","post","type-post","status-publish","format-standard","has-post-thumbnail","category-legal-taxation","tag-fbr-discontinues-balloting-for-pos-prize-scheme","tag-federal-board-of-revenue-fbr","cat-15015-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR discontinues balloting for PoS prize scheme - Zameen News<\/title>\n<meta name=\"description\" content=\"The Federal Board of Revenue (FBR) has decided to discontinue the computerised ballot of its flagship initiative \u2013 Point of Sale (PoS)...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-discontinues-balloting-pos-prize-scheme.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR discontinues balloting for PoS prize scheme - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Federal Board of Revenue (FBR) has decided to discontinue the computerised ballot of its flagship initiative \u2013 Point of Sale (PoS)...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-discontinues-balloting-pos-prize-scheme.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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