- The government of Pakistan has introduced a reward system for whistleblowers who provide credible information on sales tax evasion.
- The Federal Board of Revenue (FBR) has updated the Sales Tax Act, 1990 to incorporate a section on the reward system.
- The FBR has the authority to sanction rewards to whistleblowers in cases of tax evasion, fraud, corruption, or misconduct.
- The procedures and conditions for the reward system will be prescribed by the FBR through official notifications.
- The claim for a reward may be rejected if the provided information is deemed of no value, already known by the Board, publicly available, or does not result in tax collection.
- A whistleblower is defined as an individual who reports tax evasion, fraud, corruption, or misconduct and leads to the detection or collection of taxes.
- The government aims to combat tax evasion and promote accountability by incentivizing individuals to come forward with credible information.
- The implementation of the reward system aligns with global best practices and encourages citizen participation in ensuring fiscal integrity.
- The success of the initiative will be closely monitored to assess its impact on tax compliance in Pakistan.
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.
