Thursday, 18 August 2022
Trending
UPDATES

Procedure for registration of FBR informer

A person who wants to become an informer, he should get himself first register with FBR for this purpose. Then he will able to get reward for the sharing of information with the Federal Board of Revenue (FBR).

Complete procedure for registration as informer and other conditions are specified in the Income Tax Rules, 2002.

Informer means

An “Informer” means any person, a group of persons or a company who provides any original information in the shape of concrete evidence, which conclusively leads to detection of tax evasion, formulation of assessment, and eventual recovery of the evaded tax and includes a whistleblower as defined under the tax laws;

Informer Definition | Income Tax Rules 2002 |

Persons qualified to be registered as informer

Persons qualified to be registered as informer. (1) A person, other than a lunatic or idiot, may be registered as informer, if he fulfills the criteria of whistleblower as defined in the tax laws.
(2) Notwithstanding anything contained in sub-rule (1), a registered informer shall be liable to de-registration on such condition to be recorded in writing and as may be deemed fit by Chief Commissioner, member or Director General, as the case may be.

Persons Qualified to be registered as informer | Income Tax Rules 2002 |

Registration of informer

Registration of informer. A person desirous of getting himself registered as an informer may make an application to the Chief Commissioner for registration under this rule.
The application shall be in the prescribed form and shall be verified in the prescribed manner.
(3) The application shall be accompanied by the following documents, namely.-
(a) copy of the Computerized National Identity Card of the applicant;
(b) copy of national tax number (NTN) certificate; and
(c) a duly sworn in affidavit stating therein that the correct information provided and nothing concealed there from and that in case any incorrect information provided or any information concealed he will liable to penal action under the laws.

Registration of Informer | Income Tax Rules 2002 |

Submission of information and further action thereupon

Submission of information and further action thereupon.-(1) An informer shall submit any information regarding concealment or evasion of tax leading to detection or collection of taxes, fraud, corruption or misconduct that is in his possession to the Chief Commissioner giving precise details of the alleged act along with all supporting evidences that are in his possession:
The information is accompanied with the supporting evidences.
(2) On receipt of the information, the Chief Commissioner shall scrutinize the information and forward it to the concerned Commissioner.
(3) On receipt of the information from the Chief Commissioner, the concerned Commissioner shall conduct such further inquiry as he may deem fit and submit his report to the Chief Commissioner.

(4) On completion of the inquiry, the concerned Commissioner shall take such further action as required under the tax laws or any other law for the time being in force, as may be necessary on the basis of the facts of the case, and furnish his report to the Chief Commissioner.
(5) Notwithstanding anything contained in these rules, an informer, who −
(a) has knowingly provided false information under these rules; or
(b) has provided the information under these rules with the intention to intimidate or blackmail a person, or to bring him into disrepute, or to otherwise cause him financial loss, shall be liable to punishment and fine under the tax laws and other laws for the time being in force.

Submission of information by informer | Income Tax Rules 2002 |

Eligibility for reward

An employee and an informer will be entitled to a grant of reward for their conduct.

Determination of reward

Amount of tax evadedAmount of reward
12
Rs. 500,000 or lessTwenty per cent of the tax, duty and other taxes
More than Rs. 500,00 but not more than 1,000,000Rs. 100,000 plus ten percent of the tax in excess of Rs. 500,000
Over Rs. 1,000,000Rs. 150,000 plus five per cent of the tax in excess of Rs. 1,000,000
Table – Determination of Reward

Sanctioned of the reward shall be after realization of the whole amount of the tax involved. Provided that the total amount of reward paid to an “employee” during one financial year shall not exceed thirty six months’ basic pay. In case an employee performs more than one meritorious conduct, the amount of reward shall not exceed thirty percent of realization of the whole amount of tax involved.

FBR | Federal Board of Revenue | Whistle-blower | Tax Evasion | FBR Informer |

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

LATEST POSTS

  • Today’s gold rates in Pakistan – 18 August 2022
    Today’s gold rates in Pakistan – 18 August 2022 Today’s Gold Rates in Pakistan – 18 August 2022: The price of a single tola of…
  • Good News for Car Buyers
    Good News for Car Buyers:. In recent past days, renowned car makers Toyota, Honda and Suzuki increased prices of their car variants. This increase was…
  • How to Check Your Bank Balance Online
    How to Check Your Bank Balance Online How to Check Your Bank Balance Online:. We often try to check bank balance of our bank account….
  • FBR Rebuts News Story Published by a Newspaper
    FBR Rebuts News Story Published by a Newspaper FBR Rebuts News Story Published by a Newspaper:. Federal Board of Revenue(FBR) has categorically rejected the news…
  • 100 Prize Bond List 15 August 2022
    100 Prize Bond List 15 August 2022:. Prize bond draw of Rs 100 is held after every three months in different cities of Pakistan. Draw is…
  • 1500 Prize Bond List 15 August 2022
    1500 Prize Bond List 15 August 2022 1500 Prize Bond List 15 August 2022:. Prize bond draw of Rs 1500 is held after every three months…

TaxUrdu.com

Related posts
UPDATES

FBR Rebuts News Story Published by a Newspaper

Table of Contents FBR Rebuts News Story Published by a NewspaperOnly a Misleading to the…
Read more
UPDATES

Surcharge Imposed for Clearance of Banned Consignments

Surcharge Imposed for Clearance of Banned Consignments Government has allowed release of banned…
Read more
UPDATES

Extension in Date of Submission of Sales Tax Return

Extension in Date of Submission of Sales Tax Return Federal Board of Revenue (FBR) extended last…
Read more
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

    Leave a Reply

    Your email address will not be published.