NT$10 mil. invoice lottery winning number announced

The China Post news staff

The China Post news staff The MOF said they will announce the total number of winners of the grand prize on March 31, and each of them will receive a total of NT$7.96 million after taxes.

Ministry officials reminded those who have won the grand prize to claim their money between April 6 and July 5, 2011. The money cannot be claimed after the deadline. The MOF’s reminder comes after local media reported yesterday that an invoice lottery winner in the southern port city of Kaohsiung was disappointed after she was not allowed to collect her NT$2 million prize from a previous drawing four days after the deadline. According to a previous announcement made by the MOF, eight lucky shoppers are likely to each win the top prize, which is the biggest jackpot in the invoice lottery’s 50-year history.

The probability of winning the grand prize is one in 100 million, and chance of winning the second prize of NT$2 million has been cut from three in 100 million to one in 100 million, according to finance officials.

The bigger jackpot is aimed at encouraging the public to collect receipts for their purchases, which is also part of a government effort to prevent stores from dodging taxes, according to the ministry.

But the NT$10 million lottery may not last long, as a ruling Kuomintang (KMT) lawmaker has proposed that the MOF set a six-month trial period, after which it will review its cash prize policy.

KMT Legislator Lu Shiow-yen (盧秀燕) said the lottery’s grand prize is likely to affect the public’s willingness to donate invoices to charity groups, which usually set up receipt collection boxes by check-out counters.

According to the Genesis Social Welfare Foundation (創世基金會), the number of uniform invoices it received in the first two months of 2011 was 10 percent less in comparison with the same period last year. Foundation chairman Tsao Ching (曹慶) urged the government to reconsider the prize policy and help them collect more uniform invoices, which are a main source of their income.