Committee set up to decide about tax defaulters’ arrest

 ISLAMABAD: With the passage of the revised sections 203-A and B of the Finance Bill 2021-22, the government has established a excessive-powered committee to decide about arrest of willful tax defaulters on concealment of Rs100 million profits in case of a filer and Rs25 million in case of a non-filer.


The revised approved Finance Bill 2021-22 reads out that a committee comprising Finance Minister, Chairman of Federal Board of Revenue (FBR) and FBR’s senior maximum member would determine approximately arresting willful tax defaulters concerned in concealment of income.


Where the offence of concealment of income which has resulted in non-fee of tax of Rs100 million and above in case of a filer and Rs25 million or above in case of a non-filer, the technique provided in phase 203B will be applicable.


Where on the premise of fabric proof added on report due to audit carried out by way of the auditors in terms of sub-segment (eight) of phase 177 read with segment 214C of the Income Tax Ordinance, an assessment is made or amended below section 121 or 122 of this Ordinance, as the case can be, and the assessing officer records a finding that the taxpayer has devoted the offence of concealment of earnings which has ended in non-charge of tax of Rs 100 million and above in case of filer and Rs 25 million or above in case of non-filer, the taxpayer can be arrested after obtaining written approval of the committee.


All arrests made below this ordinance shall be performed according with the relevant provisions of the Code of Criminal Procedure 1898, it stated. Where any person has dedicated offence of concealment of profits or any other offence warranting prosecution beneath this Ordinance, the Chief Commissioner with the earlier approval of the Board may additionally, either earlier than or after the institution of any complaints for restoration of tax, compound the offence if such individual will pay the quantity of tax due in conjunction with such default surcharge and penalty because it determined underneath the provisions of this Ordinance.

Finance Minister Shaukat Tarin. File photo

Where the individual suspected of offence of concealment of income or any offence warranting prosecution under this Ordinance is a agency, every director or officer of that agency whom the authorized officer has purpose to accept as true with is in my view answerable for the moves of the corporation contributing to offence of concealment of income or any offence warranting prosecution below this Ordinance shall be susceptible to arrest.


Provided that any arrest under this subsection shall now not absolve the agency from the liabilities of payment of tax, default surcharge and penalty imposed under this Ordinance, the amended bill brought.


Through amendments to the Finance Bill 2021, the boom in tax on milk and dairy products from 10 to 17 percent changed into withdrawn, 17 percent tax on gold silver changed into being reduced to 1 percentage and 3 percentage respectively whereas on its fee addition the tax could remain 17 percent. The decreased charge of sales tax on hen and cattle feed has now been restored to 10 percentage and no tax on flour and flour products.

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