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FBR I&I-IR starts recovery procedures from tax evaders

FBR I&I-IR starts recovery procedures from tax evaders

ISLAMABAD: Federal Board of Revenue’s (FBR) Directorate General of Intelligence and Investigation-Inland Revenue (I&I-IR) has been announced functional which will effectively start recovery from the tax evaders and pursue due cases pending due to its inactive role .

According to official sources, the board is going issue an SRO in this regard. Earlier, the I&I-IR has sent a letter to the FBR chairman for issuance of a notification for the rehabilitation of the directorate in which the Director General I&I-IR informed the FBR chief that the directorate is non-functional since last 8 months and at least Rs370 billion revenue is hanged in 135 of tax evasion cases and requested the FBR chairman to resolve the issue in order to operational the directorate and avoid such huge amount of loss to national exchequer.

Where the board has prepared the summary and sent to cabinet for approval regarding the rehabilitation of Directorate General Intelligence and Investigation Inland Revenue which is expected to issue notification soon.

It is important to mention here that Finance Act 2018 given protection to the past actions of the Directorate General Intelligence & Investigation of Inland Revenue which would result in restoring proceedings against persons involved in sales tax evasion and cases framed under the Anti-Money Laundering Act 2010 and Directorate General Intelligence & Investigation Inland Revenue would have the authority to initiate proceedings against persons involved in tax evasion.