AGL 34.89 Decreased By ▼ -0.31 (-0.88%)
AIRLINK 129.55 Increased By ▲ 6.32 (5.13%)
BOP 5.15 Increased By ▲ 0.11 (2.18%)
CNERGY 3.84 Decreased By ▼ -0.07 (-1.79%)
DCL 8.09 Decreased By ▼ -0.06 (-0.74%)
DFML 44.34 Increased By ▲ 0.12 (0.27%)
DGKC 75.25 Increased By ▲ 0.90 (1.21%)
FCCL 24.60 Increased By ▲ 0.13 (0.53%)
FFBL 49.30 Increased By ▲ 1.10 (2.28%)
FFL 8.85 Increased By ▲ 0.07 (0.8%)
HUBC 142.50 Decreased By ▼ -3.35 (-2.3%)
HUMNL 10.50 Decreased By ▼ -0.35 (-3.23%)
KEL 3.97 Decreased By ▼ -0.03 (-0.75%)
KOSM 7.90 Decreased By ▼ -0.10 (-1.25%)
MLCF 33.00 Increased By ▲ 0.20 (0.61%)
NBP 56.85 Decreased By ▼ -0.30 (-0.52%)
OGDC 144.50 Decreased By ▼ -0.85 (-0.58%)
PAEL 25.50 Decreased By ▼ -0.25 (-0.97%)
PIBTL 5.78 Increased By ▲ 0.02 (0.35%)
PPL 116.30 Decreased By ▼ -0.50 (-0.43%)
PRL 24.05 Increased By ▲ 0.05 (0.21%)
PTC 11.05 No Change ▼ 0.00 (0%)
SEARL 58.80 Increased By ▲ 0.39 (0.67%)
TELE 7.48 Decreased By ▼ -0.01 (-0.13%)
TOMCL 41.15 Increased By ▲ 0.05 (0.12%)
TPLP 8.65 Increased By ▲ 0.34 (4.09%)
TREET 15.15 Decreased By ▼ -0.05 (-0.33%)
TRG 54.55 Decreased By ▼ -0.65 (-1.18%)
UNITY 27.88 Increased By ▲ 0.03 (0.11%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,646 Increased By 74.6 (0.87%)
BR30 27,117 Decreased By -158.3 (-0.58%)
KSE100 82,136 Increased By 677.1 (0.83%)
KSE30 26,037 Increased By 237.2 (0.92%)

A special team of tax officials, 'Broadening the Tax-Base Unit' (BTB Unit) in each Large Taxpayer Unit (LTU) and Regional Tax Office (RTO) will be tasked to utilise third party information before dispatching notices to the wealthy persons for documentation of the economy.
In this connection, the Federal Board of Revenue (FBR) has issued instructions to the field formations here on Monday for constitution of special teams of tax officials to utilise third party data. Sources told Business Recorder that the Director General 'Broadening the Tax Base (BTB)' Shahid Hussain Asad shared national plan to document the economy during the last Chief Commissioners' Conference.
Shahid Asad explained that the Directorate General BTB has been assigned the task to supervise the work of obtaining third party data for disseminating in focused manner to small units in RTOs/LTUs for expanding the tax base. The BTB Unit in each RTO/LTU will be closely monitored by the Commissioner and comprise at least two officials of Grade 19, 18 and Grade 17.
Each Unit of the BTB will report to the Director General BTB on technical matters, otherwise the special team of BTB officials in the field formations would be responsible for collection and effective utilisation of third party information to document the economy. An important aspect of DG BTB's plan for documentation is that the prioritisation of cases has been done for proper utilisation of data.
According to the FBR decision, a separate 'Broadening the Tax-Base Unit' will be established in each reformed unit under the command of Grade-19 official assisted by two Grade 18-17 officials, which will be supervised by the concerned Commissioner Inland Revenue. The BTB Unit will report for technical work to the Director General BTB.

Copyright Business Recorder, 2011

Comments

Comments are closed.