Daily Times

KARACHI: The Federal Board of Revenue (FBR) on Thursday transferred the jurisdiction of 190 taxpayers from regional tax offices (RTOs) of Karachi to Large Taxpayers Units (LTUs) with immediate effect.

According to a statement issued by FBR, “In exercise of the powers conferred by sub-section (I) of section 209 of the Income Tax Ordinance, 2001, sub-section (1) of section 3O, section 3l of the Sales Tax Act, 1990, and subsection (1) of section 29 of the Federal Excise Act, 2005, the Federal Board of Revenue transferred the jurisdiction for 190 persons from inland revenue chief commissioner.

The FBR transferred 190 persons from some major companies, which includes Chevron Pakistan Limited, Asian Consumer Care Pakistan, Gul Ahmed Energy Limited, Topline Securities Limited, Chase Departmental Stores, Threads and Motifz, Byco Limited Pakistan, Chashma Nuclear Power Plant, Loreal Pakistan, Maskatiya Industries and Mehran Spice and Food Industries.

The Federal Board of Revenue, in 2013, through Sales Tax section 945(I), redefined the jurisdiction of corporate and non-corporate companies for registration of tax.

The FBR amended the Sales Tax Rules 2006, Rule (5), according to which the listed and unlisted public limited companies could register within the jurisdiction of company’s registered office.

The major change was brought in Rule (5) sub rule (1) clause (b) in case of other companies. The Federal Board of Revenue said that the company that is engaged in manufacturing or processing can be registered with the RTO where company’s factory is situated.