KARACHI: The Federal Board of Revenue (FBR) on Friday fixed a cash reward for spreading the whistle, which will result in collection of a maximum of Rs 5 million in taxes.
The award was received under the new Inland Revenue Rewards Rules 2021, effective January 1. Earlier, a vital crystal was entitled to 20% of the taxes levied against a tap-off.
According to sources, the FBR wants to cut most of the taxes recovered by seizing the prize money. Under the rules, a private individual can also register with the FBR to provide tax evasion information.
The FBR said in a statement: “Vital Bilour needs to provide information in the form of solid evidence, which would ultimately lead to the detection of tax evasion, the formulation of assessments / analysis and the final recovery of taxes imposed on them. Is.”
The FBR also reduced the amount of reward for tax officials. According to the new changes, officers and staff members who detect tax evasion are entitled to 20% or less of two years’ salary at the time of detection / filing of the report.
In addition, officers and staff members who complete the decision / assessment will be exempt from less than 20% tax or two years’ salary upon completion of the decision / assessment.
“If no appeal is filed against the assessment, the full payment of the acceptable reward will be paid immediately after the appeal / review limit expires,” the FBR said. “If an appeal has been filed against the appraisal order, the claims of acceptable rewards should be treated as 50 per cent on confirmation in the first appeal forum and in fact 50 per cent on completion of the appeal tribunal inland revenue appeal.” Will
The FBR said the reward would be paid only if an attempt was made to eliminate at least 50 per cent of the tax sought. The FBR further states that if the search and assessment was carried out by the same officer, “he would be entitled to receive 20% less tax or three years’ salary from the tax at the time of detection / filing.” Reported detection.
Under the rules, the FBR may reward officers at the end of each financial year in recognition of merit services. The reward for meritorious service in any case shall not be less than three and in each case not more than six salaries, the FBR said.