ISLAMABAD: The Federal Board of Revenue (FBR) will give cash rewards to the Inland Revenue officials who show "extraordinary performance" in a wide range of areas including completion of activity-oriented tasks.

The FBR has introduced the term "extraordinary performance" for the purpose of cash rewards to the IR officials under the S.R.O. 687(l)1 2023 issued on Wednesday.

The FBR has issued S.R.O. 687(l) 1 2023 to amend the Inland Revenue Reward Rules, 2021.

Previously, the draft has been issued vide Notification No. S.R.O. 648(l) 1 2023 dated 2nd June, 2023.

Under the revised rules, the term "Extraordinary Performance" means a duly notified activity-oriented task assigned to and performed by an officer or a staff or a group of officers or staff up to an exhibited degree of excellence and within the timelines prescribed and pre-notified for the purpose or any performance as is approved by the Chairman FBR including assessment or successful prosecution.

As per revised rules, the FBR will contribute to Inland Revenue Common Pool Fund-2023 from the rewards sanctioned to the Inland Revenue officials on achievement of targets, detection of tax evasion and showing extraordinary performance in making assessments or successful prosecutions in courts.

The FBR has also made eligible officials of the Directorate General Anti-Benami Initiative and Benami Zones to claim IR rewards on cases made under the Anti-Money Laundering Act, 2010, and Benami Transaction (Prohibition) Act, 2017.

According to the new rules, a new rule, i.e., Contribution to Inland Revenue Common Pool Fund 2023 has been issued. An amount equal to 5 percent of the rewards sanction under Rule 5 in respect of officers in BS-17 & above and 2.5 percent of the rewards sanction under Rule 5 in respect of officials in BS-16 & below shall simultaneously be processed, approved, and deposited in the Inland Revenue Common Pool Fund-2023, the FBR added.

Copyright Business Recorder, 2023