- FBR announced policy to reward whistleblowers in sales tax evasion cases
- Section 72D of Sales Tax Act, 1990 empowers FBR to incentivize individuals
- FBR can sanction monetary rewards for credible information leading to detection of tax fraud
- Detailed guidelines will be issued for claiming rewards and apportioning sanctioned amount
- Whistleblower claims may be rejected if information lacks value or is already known
- Whistleblower defined as individual reporting tax evasion, fraud, corruption, or misconduct
- Policy aims to strengthen fight against tax evasion and enhance compliance
- FBR hopes to uncover hidden revenues, streamline sales tax collection, and hold accountable those engaging in tax fraud
- Initiative part of broader strategy to bridge revenue gaps and enhance trust in tax system
- FBR aims to reinforce efforts to curb tax fraud with help of whistleblowers
- Reflects FBR’s commitment to eradicating financial misconduct and ensuring effective tax collection for national development.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
