Economic Reporter :
The first draw of the lottery based on the printed invoices being issued from EFDMS (Electronic Fiscal Device Management System) in January will be held on February 5 this year.
The National Board of Revenue (NBR) has introduced this EFDMS to ensure transparency in VAT collection, said an NBR release.
The release said the revenue Board has decided to hold the lottery draw every month on printed invoices issued from EFDMS to motivate people in paying VAT through using these EFD machines.
Based on the printed issued invoices from the first day to last day of every month, the lottery will be held subsequently on the 5th day of the following month.
To initiate the process, the first draw of the lottery will be held on February 5 based on the printed invoices coupon issued from January 1 to 31.
The NBR also requested the consumers to preserve the invoices or lucky coupons carefully issued from the EFD/SDC.
On November 26, the NBR Chairman Abu Hena Md Rahmatul Muneem said that the Board would award those VAT payers from January through lottery who would pay VAT through Electronic Fiscal Devices (EFDs).
“If awards are introduced, then common people will feel more encouraged to pay VAT through EFDs. I hope that the consumers will find out those shops which have EFDs and thus do their shopping,” he said.
