Tuesday, June 28, 2011

FBR to introduce gift scheme soon

Federal Board of Revenue (FBR) is to introduce gift schemes soon under Consumers Lucky Draw scheme in order to promote receipt culture from the upcoming financial year 2011-12.
“The govt is working to document the country’s economy and process of receipt is part of it”, said an official of FBR while talking to a local newspaper.
For this every buyer must take a receipt from the shopkeeper after purchasing a commodity or taking any service,later there would be balloting and buyers would be awarded with gifts under Consumers Lucky Draw scheme.
According to the salient features of the “Consumers Lucky Draw” the govt would allocate budget for the scheme to pay cash prices on monthly or quarterly basis. It will have important role in the documentation of economy by encouraging tax culture where receipts would be demanded from shop, retail outlets, shopping malls, hotels and restaurants etc.