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    Million Dollar Note: How does it work and how to participate?

    Million Dollar Note: How does it work and how to participate?

    by Team AllYourVideogames | Nov 25, 2022 | Technology |

    You who are a resident of our city! Did you know that you can compete in monthly sweepstakes that award R$1 million to the winner? To participate and have the chance to be a milestone, the process is simple, you don't need to go through big bureaucracy. This opportunity is Million Note.

    In this post, you will find out how the program works, the advantages, how to register, how to get more chances of being drawn, check the main parts of the regulation, and some more information to let you know about this subject.

    What is the Million Dollar Bill?

    Nota do Milhão is an exclusive program for residents of our city created in 2022 by João Doria, who at the time held the position of mayor of the city. The initiative came to replace the old São Paulo Invoice Program.

    Therefore, Nota do Milhão provides São Paulo residents with the opportunity to enter a monthly draw worth R$1 million, and in December the prize is doubled to R$2 million.

    To be part of the sweepstakes, it is necessary to register on the website, which will be explained later, and always request the CPF on the Electronic Service Invoice (NFS-e) when using any service in the city of our city, for example:

    • parking lots;
    • Fitness gyms;
    • Private colleges;
    • Laundries;
    • kindergartens;
    • universities;
    • Language school;
    • Builders;
    • Electronics repair;
    • Beauty salon;
    • Hotels;
    • Mechanics stores and various other locations.

    Be aware that only individuals who have accepted the program's regulations will be able to participate in the draws. Those who have already registered in the old program of Nota Fiscal Paulistana do not need to make a new registration, since they will automatically compete for the lottery of Nota do Milhão.

    When asking for the CPF in the invoice, a ticket will be automatically generated for each NFS-e issued, regardless of the cost of the service, with a limit of 100 tickets per CPF each month.

    This means that the ticket is unique for each draw, that is, tickets not included in the draw lose their validity after the draw. Therefore, the more tickets you have, the greater the possibility of being contemplated.

    Drawings are held on the 5th of each month, with tickets generated by the 25th of the previous month. Tickets generated after the 25th will enter the following month's draw. Anyway, the program has a calendar. It is also worth noting that the Municipal Finance Department associates the winning ticket with the winning participant.

    Learn More: Caixa Online Lotteries: How to bet without leaving home

    In addition, it is worth noting that the ticket numbering process, from the drawing of the lottery to the verification of the selected participant, is audited by an external auditing company, which generates an opinion on the integrity and security of the results.

    It is also worth saying that the Nota do Milhão is a benefit of our city. So, it is mandatory that the person lives in this city.

    Another important point is that the program is linked to service providers and differs from Nota Fiscal Paulista. But don't worry, the difference between the two initiatives will be explained later.

    What are the Million Dollar Bill goals?

    Nota do Milhão was born with some goals established by the City Hall of our city.

    Thus, the main objectives of the program are:

    • Motivate São Paulo residents to request the invoice for the contracted service or purchased product;
    • Reduce situations of tax evasion;
    • Combat piracy more generally;
    • Affirm the collection of the Municipal Services Tax (ISS).

    According to information from the Secretary of Communication of our city, in 2022, one year after the creation of the initiative, there was a 15% increase in the issuance of banknotes. This means that issuances jumped from R$242 million to R$279 million, compared to the 12 months since the initiative was implemented.

    What is a Service Invoice?

    From what has already been explained, you already know how the Nota do Milhão Program works, but you also need to know what a service invoice is.

    Briefly and quickly, it is a tax document that service providers generate for their customers.

    For Nota do Milhão, the invoice for services is called Nota Fiscal de Serviços Eletrônica or just NFS-e. Remembering that this electronic document is managed by a system of the City Hall of our city.

    What is the difference between Nota Fiscal Paulista and Nota do Milhão program?

    The Nota do Milhão was made by the City Hall of our city and is only valid within the municipality of São Paulo.

    On the other hand, Nota Fiscal Paulista is a statewide initiative.

    Another fundamental change between the two initiatives is that the Nota do Milhão refers to payments for services and the Nota Fiscal Paulista refers to payments for purchased products.

    With this, it is understood that Nota do Milhão focuses on collecting the ISS that is attributed to the municipality through its service providers.

    On the other hand, the Nota Fiscal Paulista, with state operations, is linked to the Tax on Circulation of Goods and Services (ICMS).

    What are the situations in which a ticket is not generated to participate in the Note of the Million?

    There are some cases according to the official program regulations where the tickets are not valid.

    The main cases are as follows:

    • People who did not accept the rules of the regulation;
    • When the NFS-e generated by the service provider is issued with any type of fraud or simulation;
    • When the NFS-e is not a tax document that fits according to the regulation;
    • If the NFS-e does not correctly indicate the number of the participant's document;
    • When the NFS-e, regardless of the reason, was canceled by the service provider.

    The cases cited were only the most common. But if you want to check all the possible situations of impediment to participate in the draws, you need to check the program regulations. You can also verify the authenticity of NFS-e.

    How to register for the Nota do Milhão Program

    To be able to participate in the program and register, the process is very easy and fast. So, check out, below, how to sign up for Nota do Milhão:

    Step 1: Enter the Nota do Milhão Program website;

    Step 2: On the home screen, on the right side of the page, click on “System Access”;

    Million Dollar Note: How does it work and how to participate?

    Step 3: You will need to enter your CPF and click on “I am not registered”;

    Step 4: On the page that opened, you will need to fill in the form with your personal information;

    Step 5: Now, just read the regulation. If you agree, accept to join the program;

    Step 6: Done! Your user has been created. From that moment on, you just need to ask to include your CPF on the invoice for the places that provide service. With this, the system will automatically generate a ticket for each invoice generated for you to compete.

    It is also worth mentioning that the program has an application that can help you to participate in the program, follow the main services, news and updates of the initiative.

    The app can be downloaded for mobile devices running Android and iOS.

    How to redeem the prize if awarded?

    If you are a very lucky person who became a new millionaire overnight through Nota do Milhão, the delivery of your money will take place on a date and place to be defined by the Municipal Finance Department.

    You will then receive a message to personally go to the designated location with an identification document.

    In addition to the notification that you will receive saying that you have been awarded the prize, it is still possible to access the website and the application to consult the system to check your ticket.

    But be aware: even if you win the prize, you still run some risk of losing it or that the money will be blocked.

    In this way, the prize is canceled if it is not redeemed within a period of six months from the date the credit is released to the winner.

    The prize will be blocked if the recipient has a debt in the Municipal Informative Registry (CADIN). With this, until the situation is regularized, the winner will not be able to withdraw the prize.

    It is still necessary that the deposit of the prize is sent to a savings account of Caixa Econômica Federal opened at the branch 25 de Janeiro – 2873, in which the recipient is the holder.

    Positive points of the Nota do Milhão Program

    The Nota do Milhão Program is a great initiative from the point of view of tax incentives, since people are consuming within the city itself, in addition to having a better consumption base through checking invoices and reducing tax evasion.

    Now, from the state's point of view, this is a good way to raise money in their particular locations.

    With each passing year, the program has gained more followers, so much so that, according to data from the 2022 Department of Communication, ISS collection increased by 7,6% with Nota do Milhão, passing R$10 billion.

    To have an idea of ​​the progress of the program, in the first half of 2022, services in the capital of São Paulo reached a 20,9% increase in revenue compared to 2022.

    Taking this number into reais, the growth is equivalent to a capitation of R$43,6 billion more in the same period in 2022.

    The information is from the Conjunctural Survey of the Services Sector in the City of our city (PCSS), made by FecomercioSP.

    Therefore, the Municipality of our city has already made available R$ 60 million since 2022 in prizes in the Nota do Milhão Program until November 2022.

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