KARACHI -- Senior Member Board of Revenue Sindh, Shoaib Ahmed Siddiqi has said that a letter written to the Chairman FBR has called for ensuring recovery of Revenue Stamps
Duty in the interest of the government and the people.
The revised regulation also prescribes the use of the Internal Revenue Stamp
System (IRSIS) for the ordering distribution, and monitoring of cigarettes.
He was able to get away with the fraud because staff at the Land Registry did not notice forms he was submitting did not contain the official Inland Revenue stamp
certifying the duty had been paid.
He added : "As the beer bottle comes out of the production line the revenue stamp
is put on the bottles and I am going to put a monitor here in my office and another one at KRA (Kenya Revenue Authority) to see how much money is coming into the kitty.
The Inland Revenue stamp
dates each return as it is received and it has promised to refund any penalties already paid if it is discovered that the notice was issued in error.
72 dated September 5, 2014, the BIR imposed the use of the Internal Revenue Stamp
Integrated System (IRSIS) for the ordering, distribution, affixture and monitoring of tax stamps on imported and locally manufactured cigarettes.
The stamps are fake since they did not contain one of the multilayered security features of a valid internal revenue stamp
,' the BIR said.
The bureau alleged that the stamps were fake since they did not contain the multi-layered security features of a valid internal revenue stamp
and were not affixed at the production plant of Mighty Corp.
Filipino-owned cigarette producer Mighty Corporation today welcomed the early implementation of the Internal Revenue Stamp
Integrated System (IRSIS) designed to further improve the collection of tobacco tax.
These regulations are nearby promulgated to prescribe the affixture of new internal revenue stamps
on imported and locally manufactured cigarettes, whether for domestic sale or export, and the use of the Internal Revenue Stamp
Integrated System (IRSIS)," the IRR read.
The stamps were fake since they did not contain one of the multilayered security features of a valid internal revenue stamp
,' the BIR said.
Kenya Revenue Authority single sourced the procurement of printing, supply and delivery of security revenue stamps
Dulay listed down the priority programs of the country's biggest tax-collection agency for 2018, which included the Internal Revenue Stamps
lntegrated System (Irsis) on Alcohol Program.
Dominguez III earlier said that the implementation of the Internal Revenue Stamps
Integrated System (IRSIS) on alcoholic drinks would likely begin in early this year.
The DOF previously said the Internal Revenue Stamps
Integrated System program for alcoholic drinks would be pursued this year to help curb the illicit trade of alcoholic beverages in the country.