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SRO.351(I)/2014 Considerably enhance the powers of the agency to operate like a Regional Tax Office (RTO)

SRO Number:                 351(I)/2014

SRO Date:                       May 07, 2014

SRO Relates To:            SROs>> Income Tax

SRO Title:                       S.R.O 351(I)/2014

Brief Description:         This is considerably enhance the powers of the agency to operate like a
Regional Tax Office (RTO) .Through SRO.351(I)/2014, the
Directorate General (Intelligence & Investigation), IR has become a parallel
assessment organisation in the presence of Large Taxpayer Units (LTUs) and
Regional Tax Office (RTOs).

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News Others May 9, 2014

Tax recovery, registration: DGI&I IR empowered to carry out assessment, audit

Date: May 09, 2014

The Federal Board of Revenue has empowered the Directorate General (Intelligence &
Investigation), Inland Revenue (IR) to enforce filing of income tax returns, wealth statements
and compulsory registration of new taxpayers, authorising the directorate to carry out
assessment/provisional assessment and audit of the registered persons for recovery of taxes.

The FBR has issued SRO.351(I)/2014 here on Thursday to considerably enhance the powers of
the agency to operate like a Regional Tax Office (RTO). Through SRO.351(I)/2014, the
Directorate General (Intelligence & Investigation), IR has become a parallel assessment
organisation in the presence of Large Taxpayer Units (LTUs) and Regional Tax Office (RTOs),
sources said.

News Others April 14, 2014

Import of 993 items from Sri Lanka: FBR announces tariff concessions

Date: April 12, 2014

The Federal Board of Revenue (FBR) announces tariff concessions on the import of 993 items
from Sri Lanka under Free Trade Agreement (FTA). In this regard, the FBR superseded SRO
570(I)/2005 dated June 6, 2005, through SRO 280(I)/2014 issued here on Friday.

According to the notification, the Federal Government exempts import to Pakistan from Sri
Lanka, if made in conformity with the “rules of Determination of Origin of Goods under the Free
Trade Agreement between Pakistan and Sri Lanka (Pakistan-Sri Lanka FTA Rules of Origin)”
and the operating “Certification Procedure for the Rules of Origin”, notified by the Ministry of
Commerce. The goods falling under the respective Heading and sub-Heading numbers of the
First Schedule of the Customs Act has been exempted from so much of the customs-duty, as in
excess of the rates specified in the SRO.