FBR Allowed Customers to Get 5% Cash Back on Sales Tax Paid

FBR has allowed customers to get 5% cash back on sales tax paid on purchases from retailers that are integrated with FBR’s online system. The amount of 5% of the sales tax paid to the integrated retailers can be redeemed through FBR’s wallet account.

With the motive to encourage documentation of the economy, an important amendment was made into the Sales Tax Act, 1990 through Finance Act, 2019. As stated by the amendment, the customers of tier-1 retailers are entitled to receive cash back of up to 5% of the tax involved. According to the procedure for cash back, the customers are required to sign up to the Tax Asaan mobile app of FBR. In this way, the customers will create an FBR wallet account.

The customers are required to verify the electronically generated invoice through the mobile application. As soon as the electronically generated invoice is verified, the system shall automatically calculate the 5% amount of the tax paid on the invoice.

Furthermore, a customer may redeem the earned amount within one month of his purchases accumulated in his FBR wallet account on any approved outlet who shall refund the amount accumulated in the wallet account of the customer after ensuring that the earned amount is transferred from the customer’s wallet account to the approved outlets wallet account.