FBR officers to deposit gifts worth Rs10,000 and above

The Federal Board of Revenue’s (FBR) Board-in-Council (BIC) has decided that all officers will declare and deposit gifts worth Rs10,000 and above instead of Rs30,000

In its monthly meeting held at FBR headquarters, the BIC discussed various agenda items and made some important decisions

For the first time ever in the organisation's history, the BIC unanimously agreed to establish Toshakhana under the relevant rules and guidelines of Cabinet Division

The BIC also discussed the existing rules regarding the acceptance and disposal of gifts

After thorough deliberations, it was decided to notify procedures with regards to inventory management and display of the gifts received from dignitaries/guests during official meetings and visits

Read: NCOC chief says beginning of new Covid wave evident in Pakistan It was further decided that all officers of FBR would voluntarily declare and deposit gifts received by them

The minimum threshold for gifts has been determined to be Rs10,000 for FBR instead of Rs30,000 currently fixed for other divisions of the federal government

The only exception to these rules is applicable on shields and gifts that have an individual’s name engraved

It was also agreed that gifts so far declared will be disposed of as per applicable rules and regulations

Furthermore, the BIC also approved the new nomenclature for FATE Wing which will now be known as Public Relations Wing

Likewise, the two training directorates of Inland Revenue Service and Pakistan Customs have been renamed to IRS Academy and Pakistan Customs Academy, respectively

Date:04-Jan-2022 Reference:View Original Link