Monday, July 27, 2026
17.2 C
London

FBR Implements New SOPs to Combat Tax Fraud and Strengthen Enforcement

The Federal Board of Revenue (FBR) has introduced new standard operating procedures (SOPs) to address cases of tax fraud committed by businesses and traders under Section 37A of the Sales Tax Act, 1990.

According to instructions sent to field formations, cases with evidence of tax fraud must be referred to the intelligence directorate. The directorate will review these cases within 30 days to determine whether a formal investigation under Section 37A is necessary.

The FBR stated that the SOP aims to establish a structured process for inquiries and investigations, ensuring that proceedings remain legally sustainable before appellate forums. Under the law, authorized officers have powers similar to those of a civil court and can also make arrests when required.

If an investigation is initiated after a preliminary inquiry, officials will proceed in accordance with Sales Tax General Order No. 2 of 2025, the FBR added.

Hot this week

Pentagon Splits Iran War Casualty Data Across Two Pages, Raising Transparency Concerns

The Pentagon has altered how it reports military casualties...

Stock Futures Rally, Oil Prices Slide as U.S.-Iran Tensions Ease, Wall Street Eyes Fed and Big Tech Earnings

U.S. stock-index futures rallied on Sunday as oil prices...

Nvidia and OpenAI Negotiate $250 Billion Financing for World’s Largest AI Data Center

Nvidia is in discussions with OpenAI to help secure...

Federal Probe Into Dodgers Owner’s $16 Billion Financial Empire Triggered by Whistleblower

A federal investigation into the financial empire of Los...

Wisconsin’s Warning on Election Bets Escalates Legal Battle With Prediction Markets

Wisconsin regulators have issued a formal warning against election...

Topics

spot_img

Related Articles

Popular Categories

spot_imgspot_img