From The Past Pages Of Dawn: 1973: Fifty Years Ago: Evasion of tax

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ISLAMABAD: The Federal Government has decided to give rewards to informers giving specific information leading to the detection of evasion of tax, it was officially stated here today [June 28]. Where the tax sought to be evaded is Rs 20,000 or less, reward of 25 per cent of the tax sought to be evaded will be given. Where the tax sought to be evaded exceeds Rs 20,000 but does not exceed Rs 5,00,000, the scale of reward will be Rs 5,000 plus 12½ per cent of the tax sought to be evaded as exceeds Rs 20,000. Where the tax sought to be evaded exceeds Rs 5,00,000, a reward of Rs 65,000 plus five per cent of the tax sought to be evaded as exceeds Rs 5,00,000 will be given.

Every Commissioner of Income Tax, controller of Estate Duty and the Collector of Central Excise and Land Customs has been authorised to sanction reward, half of which shall be paid immediately after completion of assessment and the balance will be paid after the amount of tax sought to be evaded has been finally confirmed… .

Taxation officers and staff who show extraordinary initiative and render meritorious services in detecting tax evasion may be given cash rewards not exceeding two years’ salary in any one case. — News agencies

Published in Dawn, June 29th, 2023

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