RegAlert

Rule · FMU · 20 May 2016

Addition of Predicate Offences-Income Tax Ordinance, 2001

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The Federal Government has issued a notification under the Anti-Money Laundering Act, 2010, to amend the Schedule by incorporating specific offences under the Income Tax Ordinance, 2001. New additions include provisions for the prosecution of false statements in verification, concealment of income, improper use of National Tax Number certificates, and abetment. These additions apply specifically to cases where the tax sought to be evaded is ten million rupees or more.

PakistanFinancial Monitoring Unit

THE GAZETTE OF PAKISTAN, EXTRAORDINARY
PUBLISHED BY AUTHORITY
ISLAMABAD, FRIDAY, MAY 20, 2016

PART II
Statutory Notifications (S. R. O.)
GOVERNMENT OF PAKISTAN
FINANCE DIVISION

NOTIFICATION

Islamabad, the 14th May, 2016

S. R. O. 425 (I)/2016.—In exercise of the powers conferred by section 42 of the Anti-Money Laundering Act, 2010 (VII of 2010), the Federal Government is pleased to direct that the following further amendments shall be made in the Schedule to the said Act, namely:—

In the aforesaid Schedule,—

After Section XII, the following Section XIIA shall be inserted, namely:—

"XIIA-The Income Tax Ordinance, 2001

  1. Prosecution for false statement in verification—where tax sought to be evaded is ten million rupees or more

192A. Prosecution for concealment of income—where tax sought to be evaded is ten million rupees or more

194. Prosecution for improper use of National Tax Number [Certificate]—where tax sought to be evaded is ten million rupees or more

199. Prosecution for abetment—where tax sought to be evaded is ten million rupees or more."

[Finance Division F. No. 3-40/AML-I/2014.]

SUHBAT ALI TALPUR,
Deputy Secretary.

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Anti-Money Laundering Act, 2010(Act No. VII of 2010)2010 · PK-LAWAnti-Money Laundering Act, 2010 (Act No. VII of 2010) (2010-03-11)XIIA-The Income Tax Ordinance,2001Not in RegAlertXIIA-The Income Tax Ordinance, 2001 — Not in RegAlertAddition of PredicateOffences-Income Tax Ordinance…2016-05-20 · this documentAddition of Predicate Offences-Income Tax Ordinance, 2001 (2016-05-20)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Amends
  • XIIA-The Income Tax Ordinance, 2001Not in RegAlert

    “XIIA-The Income Tax Ordinance, 2001”

Issued under

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