S.R.O. 755(I)/2016, Islamabad, the 15th August, 2016

Inland Revenue Welfare Fund Rules, 2016 Government of Pakistan Revenue Division Federal Board of Revenue Islamabad, the 15th August, 2016. NOTIFICATION S.R.O. 755(I)/2016.- The following draft rules, regulating the Central Inland Revenue Welfare Fund and the Regional Inland Revenue Welfare Funds proposed to be made by the Federal Board of Revenue in exercise of the powers conferred by section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), section 50 of the Sales Tax Act, 1990 and section 40 of the Federal Excise Act, 2015, are hereby published for information of all persons likely to be affected thereby and as required by sub-section (3) of section 237 of the said Ordinance notice is hereby given that objections or suggestions, if any, may be sent within fifteen days of the publication of the draft rules in the official Gazette which on receipt within the said period will be considered by the Federal Board of Revenue, namely:- DRAFT RULES 1. Short title, extent and commencement.- (1) These rules may be called the Inland Revenue Welfare Fund Rules, 2016. (2) They shall apply to the Central Inland Revenue Welfare Fund maintained at the Federal Board of Revenue (FBR) Headquarters and the Regional Inland Revenue Welfare Funds maintained at all Inland Revenue formations. (3) They shall come into force at once. 2. Definitions.- In these rules, unless there is anything repugnant in the subject or context,- (a) "Inland Revenue Welfare Fund" means a Fund established under rule 8 of the Inland Revenue Reward Rules, 2016 and shall include the Central Inland Revenue Welfare Fund and the Regional Inland Revenue Welfare Funds. (b) "Fund" may be construed as the Central Inland Revenue Welfare Fund or the Regional Inland Revenue Welfare Funds, as the context requires, and the word "Board of Fund" may be construed as the Central Inland Revenue Welfare Fund Board or the Regional Inland Revenue Welfare Fund Boards, as the context requires. 3. Constitution of Central Inland Revenue Welfare Fund Board.- (1) There shall be constituted and managed a Central Inland Revenue Welfare Fund Board at FBR Headquarters, Islamabad which shall consist of the following officers,…