Section 12, The Finance Act, 2022

Section 149 of the Income Tax Act 2000 is amended byinserting the following new subsections (4) and (5) immediately after subsection (3)- "(4)Twenty five percent of revenue collected from penalties resulting from a third-party information sharing or a whistle blower that leads to the recovery of revenues shall be paid to the National Revenue Authority as administrative incentive payment. (5) The Commissioner-General shall pay to the third party or whistle brower 25% of the amount received under subsection (4).