ISLAMABAD: Federal Board of Revenue (FBR) has assigned all the chief commissioners jurisdiction over automatic exchange of information and perform all the administrative functions.
The FBR recently issued common reporting rules regarding exchange of information through banking companies. Now, the FBR assigned jurisdictions for proceedings the cases of exchange of information.
According to a FBR notification, the chief commissioners would exercise the powers and perform functions under the Income Tax Ordinance, 2001, Sales Tax Act, 1990, Federal Excise Act, 2005 and Section 7 of the Finance Act, 1989.
In this regard Chief Commissioner Large Taxpayers Unit (LTU) Karachi has been given jurisdiction over LTU Karachi, LTU-II Karachi, Corporate Regional Tax Office (CRTO) Karachi, RTO-II Karachi, RTO-III Karachi, RTO Hyderabad and RTO Sukkur.
Chief Commissioner LTU Islamabad will exercise all automatic exchange of information cases falling in the jurisdiction of LTU Islamabad, RTO Islamabad and RTO Rawalpindi.
Chief Commissioner LTU Lahore has been given jurisdiction over LTU Lahore, CRTOs Lahore, RTO-II Lahore, RTO Gujranwala and RTO Sialkot.
Chief Commissioner RTO Multan shall exercise powers over jurisdiction included: RTO Multan, RTO Faisalabad, RTO Sargodha and RTO Bhawalpur.
Chief Commissioner RTO Peshawar has been given jurisdiction over RTOs Peshawar and Abbottabad.
Chief Commissioner RTO Quetta has been assigned jurisdiction over RTO Quetta.
The commissioners Inland Revenue, of Automatic Exchange of Information Zones of Karachi, Islamabad, Lahore, Multan, Peshawar and Quetta, shall exercise powers and perform functions as conferred under:
- Income Tax Ordinance, 2001 and Rules made there under;
- Sales Tax Act 1990 and Rules made there under;
- Federal Excise Act, 2005 and Rules made there under;
- Finance Act 1989 as amended from time to time; and
- Legal matters including Federal Tax Ombudsman (FTO), regarding powers and functions mentioned above.
