KARACHI: The proposed Finance Bill 2017 has stripped the whistleblowers of rewards.
Last year, the Federal Board of Revenue (FBR) introduced reward for whistleblower but in the new Finance Bill 2017 has proposed that informers will not be eligible for reward in case of information not supported by evidence.
Section 227B of Income Tax Ordinance 2001, empowered FBR to sanction reward to whistleblowers in case of concealment or evasion of income tax, fraud, corruption or misconduct providing credible information leading to such detection of tax.
The section further provides certain conditions whereby the claim of reward by the whistleblower shall be rejected.
The bill introduces another condition by virtue of which the claim for reward by a whistleblower shall be rejected where the information provided by him is not supported by evidence.
