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33. Offences and penalties.– Whoever commits any offence shall, in addition to and not in derogation of any punishment to which he may be liable under any other law, be liable to the penalty mentioned against that offence: –
13. Any person who commits, causes to commit or attempts to commit the tax fraud, or abets or connives in commissioning of tax fraud.
Such person shall pay a penalty of twenty-five thousand rupees or one hundred per cent of the amount of tax involved, whichever is higher. He shall further be liable, upon conviction by a Special Judge, to imprisonment for a term which may extend to five years, or with a fine which may extend to an amount equal to the loss of tax involved, or with both.
(Disclaimer: The text of the above section is only for information. Team PkRevenue.com makes all efforts to provide the correct version of the text. However, the team PkRevenue.com is not responsible for any error or omission.)
ISLAMABAD: Shaukat Tarin, Adviser to Prime Minister on Finance and Revenue, has directed the authorities to take measures to reduce the import of luxury items.
He was presiding over a meeting to review the balance of trade at Finance Division on Thursday.
Federal Minister for National Food Security and Research Syed Fakhar Imam, Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar, Federal Minister for Energy Hammad Azhar, Adviser to the PM on Commerce & Investment Abdul Razak Dawood, Federal Secretaries, Governor State Bank of Pakistan (SBP),Chairman Federal Board of Revenue (FBR) and other senior officers participated in the meeting.
The meeting reviewed and discussed the import bill for the last five months- July to Nov 2021.
It was informed that the pressure on import bill was mainly due to global high commodity prices especially energy, steel, and industrial raw materials.
The forum also noted that high import of vaccine contributed significantly to the rise in import bill.
Moreover, it was informed that there will be less import of food items, furnace oil and vaccine in the coming months that will significantly reduce the pressure on trade bill in the second half of the current fiscal year.
At the conclusion, the Adviser to the PM on Finance and Revenue advised the concerned authorities to take effective policy measures to reduce unnecessary imports of luxury items.
(ii) Value is per square yard of the covered area of ground floor plus covered area for the additional floors;
(iii) Commercial property built up value is per square yard of the covered area of the ground floor plus covered area of the additional floors, if any;
(iv) built up industrial property value is per square yard of the plot area per square foot;
(v) the value in respect of a residential building consisting of more than one storey shall be increased by 25% for each additional story i.e. value of each storey other than ground floor shall be calculated @25% of the value of the ground floor;
(vi) a property which does not appear to fall in any of the categories shown in the Appendix below shall be deemed to fall I the adjacent lowest category of the Appendix;
(vii) whether the land has been granted for more than one purpose. viz residential, commercial and industrial, the valuation in such a case shall be the mean/average prescribed rate;
(viii) a flat means the covered residential tenement having separate property nit number/sub-property unit number;
(ix) in a residential, multi-storey building, the additional storey shall be charged if it consists of bedroom and bathroom;
(x) the rates for basements of built-in commercial property in categories I,II,II and IV shall be Rs. 13,500 per square yard; and
(xi) High Rises at Serial Number No. 37 of Appendix means a building with Storeys above ground plus five.
In a bid to enhance transparency, combat tax evasion, and ensure compliance with legal requirements, the Federal Board of Revenue (FBR) has reinforced the obligation of mandatory tax stamps on all sugar bags.
ISLAMABAD: The Federal Board of Revenue (FBR) announced on Wednesday, December 1, 2021, the updated valuation and revaluation of immovable properties in various cities across Pakistan. This move aims to align property values with current market trends, enhancing transparency and fairness in real estate transactions.
ISLAMABAD: The Federal Board of Revenue (FBR) has deferred the implementation of a digital mode of payment for another month i.e. December 31, 2021.
The digital mode of payment has been made mandatory for the corporate sector, which was to be implemented from December 01, 2021.
The FBR issued circular No. 10 of 2021-22 on Wednesday to allow further extension till December 31, 2021.
“In exercise of the powers conferred under Section 214A of the Income Tax Ordinance, 2001 (hereinafter “the Ordinance”) and taking cognizance of various representations filed by the taxpayers, the Federal Board of Revenue is pleased to extend the deadline for digital payments by Corporate Sector stipulated in Section 21(1a) of the Ordinance up to December 31, 2021.”
Previously, the FBR issued Circular No. 09 of 2021-22 to allow an extension in the deadline for implementation of digital mode of payment up to November 30, 2021.
The FBR in its explanation through Circular No. 07 dated September 23, 2021 said: to improve documentation, a new clause (la) has been inserted in section 21 of the Ordinance.
The Pakistan Tax Bar Association (PTBA) in a letter to the FBR chairman stated that the implementation of digital payment was not practical at the moment.
Taxpayers who deny or obstruct the access to authorized officials of the Federal Board of Revenue (FBR) to the business premises under section 25, Section 38, Section 38A or Section 40B of Sales Tax Act, 1990 , then the taxpayers shall liable to face imprisonment up to five years on conviction by a special judge.
A taxpayer is liable to face three years in jail for making a false statement or providing forged documents to tax authorities under Section 2(37) of the Sales Tax Act, 1990.
33. Offences and penalties.– Whoever commits any offence shall, in addition to and not in derogation of any punishment to which he may be liable under any other law, be liable to the penalty mentioned against that offence: –
11. Any person who, –
(a) submits a false or forged document to any officer of Inland revenue; or
(b) destroys, alters, mutilates or falsifies the records including a sales tax invoice; or
(c) Knowingly or fraudulently makes a false statement, false declaration, false representation, false personification, gives any false information or issues or uses a document which is forged or false.
Such person shall pay a penalty of twenty-five thousand rupees or one hundred per cent of the amount of tax involved, whichever is higher. He shall, further be liable, upon conviction by a Special Judge, to imprisonment for a term which may extend to three years, or with fine which may extend to an amount equal to the amount of tax involved, or with both.
(Disclaimer: The text of above section is only for information. Team PkRevenue.com makes all efforts to provide the correct version of the text. However, the team PkRevenue.com is not responsible for any error or omission.)
The Federal Board of Revenue (FBR) on a complaint of a taxpayer initiated an inquiry against Syed Zubair Shah, a BS-19 officer of IRS.
M/s. Pak Steel Re-Rolling Mills, Islamabad lodged a complaint against the IRS officer last year.
The FBR appointed Ms. Qaisara Fatima (IRS/BS-20) as Inquiry Officer to probe the charges against the accused officer. The inquiry officer submitted a report on December 04, 2020 with the findings that the charges of corruption and misconduct were proved against the officer.
On the basis of the inquiry report, a Show Cause Notice was issued on 22.12.2020 to the accused officer with the directions to show cause within seven (07) days of the receipt as to why one or more penalties including Major Penalty of “Dismissal from Service” under Government Servants (Efficiency & Discipline) Rules, 1973 may not be imposed upon him.
The accused officer furnished a reply to the Show Cause Notice and denied charges leveled against him and sought an opportunity of personal hearing which was granted by the Authorized Officer on 21.01.2021.
The accused officer challenged the evidence and the Authorized Officer directed the Inquiry Officer to get a forensic audit conducted from the Cyber Crime Wing of FIA. The Inquiry Officer repeatedly directed the accused officer to get his voice recorded for purpose of his voice samples to be produced before FIA authorities; however, there the accused was reluctant and avoided getting his voice recorded. Accordingly, to decide the case another opportunity for a personal hearing was granted by the Authorized Officer on 08.11.2021.
Moreover, the inquiry officer sent the evidence for a forensic audit to the FIA, which contained the voice of the accused and Chief Accountant of M/s. Pak Steel Re-Rolling Mills, Islamabad. The report received from FIA on the telephonic conversation clearly states that spectrogram analysis of audio files obtained from the cell phone of the complainant depicts no sudden variations in pitch and frequency. Therefore, the FIA’s report regarding the conversation recorded on the CD (evidence) confirmed the voice/conversation of the accused officer with the complainant.
After examining the record of the case, written reply of the accused officer including a reply to the Show Cause Notice and findings of the inquiry officer, the Authorized Officer recommended imposition of a major penalty of “dismissalfrom service” under Rule 4(1)(b)(iv) of Government Servants (Efficiency and Discipline) Rules, 1973 upon Syed Zubair Shah (IRS/BS-19).
The Competent Authority, i.e Secretary Revenue Division after considering all the aspects and material relating to the case, defense of the accused officer including a reply to the Show Cause Notice, findings of the inquiry officer, and recommendations of the Authorized officer, has decided to impose a major penalty of “dismissal from service” under Rule 4(1)(b)(iv) of Government Servants (Efficiency and Discipline) Rules, 1973 upon Syed Zubair Shah (IRS/BS-19) presently posted as Secretary (Admin Pool), Federal Board of Revenue (HQ), Islamabad (under suspension).
In light of the above, a major penalty of “dismissal from service” is imposed upon Syed Zubair Shah (IRS/BS-19), Secretary (Admin Pool), Federal Board of Revenue (HQ), Islamabad as laid down in sub-clause (iv) of clause (b) of sub Rule (1) of Rule 4 of the Government Servants (Efficiency & Discipline) Rules, 1973 with immediate effect.
Syed Zubair Shah (IRS/BS-19), shall have the right to appeal to the Appellate Authority under Civil Servants (Appeals) Rules, 1977 within a period of 30 days from the date of communication of this Notification, as provided under the relevant Rules.
