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Friday, November 22, 2024  
19 Jumada Al-Awwal 1446  

Two restaurants shut down in Islamabad for tax fraud

FBR initiates a Point of Sale Reward Scheme
Photo via Business Recorder
Photo via Business Recorder

The Federal Board of Revenue (FBR) has shut down two restaurants in Islamabad for issuing fraudulent sales receipts.

This action was taken after the Regional Tax Office identified the establishments using point-of-sale (POS) tracking software, which confirmed the issuance of counterfeit receipts.

As a consequence of their illegal activities, each restaurant has been fined Rs 500,000.

The FBR recently initiated a Point of Sale Reward Scheme aimed at enhancing tax compliance among tier 1 retailers and restaurants in Islamabad.

This program, launched on October 25, encourages citizens to report fake invoices, with plans to expand nationwide next month.

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Under this scheme, customers who report fraudulent sales will receive cash rewards directly transferred to their bank accounts upon verification. Meanwhile, any business found to be involved in issuing fake receipts will face immediate closure.

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Islamabad

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