The Central Board of Revenue (CBR) has issued names of 201 multinational companies and business establishments whose income tax and sales tax would be assessed by the Large Taxpayer Unit (LTU), Lahore from September 1, 2004.
All leading banks, investment banks, textile mills, oil and gas companies, cement manufacturers, beverage industries, fertiliser companies, hotels, Sui Northern Gas Pipe Lines Ltd, sugar mills, pharmaceutical companies and paper/paper board companies will now be under the jurisdiction of LTU, Lahore.
The CBR on Thursday notified names of companies operating under the jurisdiction of the Commissioners of Income Tax LTU Lahore, and also conveyed their NTN to the concerned authorities.
The CBR has also laid down powers and functions of Commissioner of Income Tax (Audit Division), LTU Lahore; Commissioner of Income Tax (Enforcement and Collection Division), LTU Lahore; Commissioner of Income Tax (Legal Division), LTU Lahore; Commissioner of Income Tax (Taxpayers Service Division), LTU Lahore; Commissioner of Income Tax (Information Processing Division), LTU Lahore and Commissioner of Income Tax (Human Resource Management Division), LTU Lahore.
The CBR has given powers to the Commissioner of Income Tax (Enforcement and Collection Division), LTU Lahore.
He would have the authority to slap penalty and take other actions in case of non-compliance, charge tax on defaulting withholding agents, monitor payment, collection and deduction of tax at source and issue exemption certificate to any company operating under LTU Lahore.
The Commissioner of Income Tax (Audit Division), LTU Lahore, has been empowered to select cases for audit, computation of taxable income and correct tax payable under Income Tax Ordinance 2001.
The Director General, Large Taxpayer Unit Lahore, will exercise all the powers and perform all functions under Income Tax Ordinance 2001 pertaining to the following units: Allied Bank of Pakistan Ltd; Emirates Bank International PJSC. Ltd; Union Bank Limited; Soneri Bank Limited; Bank of Punjab, Ltd; Prime Commercial Bank; Al-Baraka Islamic Bank Ltd; Punjab Provincial Corp. Bank Ltd; Crescent Investment Bank; First International Bank; Al-Towfeek Investment Bank Ltd; Fidelity Investment Bank Ltd; Escort Investment Bank Ltd; Trust Investment Bank Ltd; Coca Cola Export Corporation; Total Parco Pakistan Ltd; Wartslla Pakistan (Pvt) Ltd; Scherring Asia Gunb; Sichuan Electric Power; Bata (BM) B.V. Netherlands; Bata Ltd Canada; Moody Intl. (Pvt) Ltd; Alfa Laval Industries, (Pvt) Ltd; Altern Energy Ltd; Hunting Tech. Services; Put Sarajevo General Engg; Air Say's ATM; Pivato Pakistan Br. Ltd; Showa Corporation (Japan); Pll Pipeline Integrity; Expeditor International Pak. (Pvt) Ltd; Monsanto Company, Saint Louis USA; Honda Motor Company (Japan) Ltd; Binnie & Partner's (Overseas); D.G. Khan Cement Co Ltd Lahore; Maple Leaf Cement Co Ltd Lahore; Gharibwal Cement Co Ltd Lahore; Dundot Cement Co Ltd Lahore; Poineer Cement Co Ltd Lahore; Ibrahim Fibres Ltd; Rupali Ployester Ltd; Crescent Textile Mills Ltd; Nishat Chunian Ltd; M.S. Reshmatex Ltd; Ali Akbar Spinning Mills (Pvt) Ltd; Dawood Lawrencepur Ltd; Kohinoor Textile Mills Ltd; Ejaz Spinning Mills Ltd Mehran Ramzan Textile Mills Ltd Kohinoor Spinning Mills Ltd; Ayesha Textile Mills Ltd; Burewala Textile Mills Ltd; Umer Fabrics Ltd; Rehman Cotton Mills Ltd; D.S. Textile Ltd; Pak Kuwait Textile Limited; Babri Cotton Mills Ltd; Lahore Textile & General Mills Ltd; Rupafil Ltd; Nishat mills Ltd; J.D.M. Textile Mills Ltd; Ellcot Spinning Mills Ltd; Ghazi Fabrics International Ltd; Ayesha Textile Mills Ltd; Mian Textile Ind. Ltd; Monnoowal Textile Mills Ltd; Khalid Shafique Spinning Mills Ltd; Prosperity Weaving mills Ltd; All Embroidery Mills (Pvt) Ltd; Yousaf Weaving Mills Ltd; Khalid Siraj Textile Mills Ltd; Crescent Bahuman Ltd; Kunjah Textile Mills Ltd; Aruj Textile Mills Limited; Riaz Textile Mills Limited; Resham Textiles Industries Ltd; Silver Fiber Spinning Mills Ltd; Dar-es-Salaam Textile Mills Ltd; Shams Textile Mills Ltd; Al-Nasr Textiles Ltd; Honda Atlas Cars (Pakistan) Ltd; Millat Tractors Ltd; Saigol Qinggi Motors (Pvt) Ltd; Pak Hero Industries (Pvt) Ltd; Seven up Bottling Co (Pvt) Ltd; Pakistan Fruit Juice Co (Pvt) Ltd; Shezan International Ltd; Maaher Food Industry (Pvt) Ltd; Riaz Bottlers (Pvt) Ltd; Welcon Chemicals (Pvt) Ltd; Nimir Chemicals Pakistan Limited; Lyallpur Chemicals & Fertilizers Ltd; Ittehad Chemicals & Fertilizers Ltd; Master Paint Industries ((Pvt) Ltd; Olympia Synthetic Ltd; Samsol International (Pvt) Ltd; Shahbad Brothers (Pvt) Ltd; S.M. Riaz & Sons (Pvt) Ltd; Allied Marketing (Pvt) Ltd; Escorts Pakistan Limited; Syed Bhais (Pvt) Ltd; Descon Engineering (Pvt) Ltd; Haseeb Waqas Engg. Ltd; Fmc United (Pvt) Ltd; Pak Arab Fertilizer Ltd; Dawood Hercules Chemical Ltd; Pak American Fertilizers (Pvt) Ltd; National Fertilizer Corporation (Pvt) Ltd; Mitchells Fruit Farms (Pvt) Ltd; Tripple Em (Pvt) Ltd; Rafhan Bestfoods Ltd; Nestle Milkpak Ltd; Borjan (Pvt) Ltd; Bata Pakistan Ltd; Service Sales Corporation (Pvt) Ltd; Service Industries Ltd; Sui Northern Gas Pipe Lines Ltd; Fine Gas Company Ltd; Palace Enterprises Pvt Ltd (Sun Fort Hotel); Lahore Regency (Holiday Inn) Pvt Ltd; Gam Corporation (Pvt) Ltd; Hospitality Enterprises Ltd; F.Rabbi & Co (Pvt) Ltd; Fazal din & Sons (Pvt) Ltd; Hybrid Technics (Pvt) Ltd; Ravi Autos (Pvt) Ltd; Malik Auto & Agricultural Inds. (Pvt) Ltd; Automotive Components Ltd; Synthetic Products Enterprises (Pvt) Ltd; Sanpak Engg. (Pvt) Ltd; MicroElectronics Intl (Pvt) Ltd; Varioline Intercool Pakistan (Pvt) Ltd; Cool Industries (Pvt) Ltd; Syed Bhais Lighting Limited; Pak Elektron Limited; Haseen Habib Corporation (Pvt) Ltd; Tariq Glass Industries Ltd Ka'As UI Musaf Fa (Pvt) Ltd; Prime Dairies Limited; Yummy Milk Products (Pvt) Ltd; Medipharm (Pvt) Ltd; Highnoon Labs. Ltd; Becton Dickkinson Pakistan (Pvt) Ltd; Lahore Feeds (Pvt) Ltd; K&Ns Foods (Pvt) Ltd; High Tech Feeds (Pvt) Ltd; Crescent Sugar mills Ltd; Punjab Sugar Mills Ltd; Hussain Sugar Mills Ltd; Haseeb Waqas Sugar Mills Ltd; Abdullah Sugar Mills Ltd; Kashmir Sugar Mills Ltd; Kohinoor Sugar Mills Ltd; Shahtaj Sugar Mills Ltd; Ittefaq Sugar Mills Ltd; Gojra Samundri Sugar Mills Ltd; Brothers Sugar Mills Ltd; Yousaf Sugar Mills Ltd; Pattoki Sugar Mills Ltd; Noon Sugar Mills Ltd; Shakargunj Mills Ltd; The Thal Indus. (Pvt) Ltd; Phalia Sugar Mills Ltd; Ch. Sugar Mills Ltd; National Sugar Mills Ltd; Tandilanwala Sugar Mills Ltd; Ramzan Sugar Mills Ltd; Lahore Medical Instrument (Pvt) Ltd; First Punjab Modaraba (Pvt) Ltd; Pakistan Cycle Industrial Coop. Society Ltd; CDL Foods Ltd; Expeditor Intl (Pvt) Ltd; Olympia Industries (Pvt) Ltd; Ats Synthentic (Pvt) Ltd; Mian Tyre & Rubber Co (Pvt) Ltd; Societe Des Produis; Beaconhouse Public School (Pvt) Ltd; Emco Industries Ltd; Crescent Art Fabrics (Pvt) Ltd; Newage Cables (Pvt) Ltd; Nida-e-Millat (Pvt) Ltd; Treet Corporation Ltd; Tetra Pak Pakistan Ltd; Sargodha Jute Mills Ltd; Warble (Pvt) Ltd; Crescent Steel & Allied Product Ltd; World Call Communications Ltd; Dynasel (Pvt) Ltd; Premier Paper Mills Ltd; Malik Board & Paper Industries (Pvt) Ltd; Zaman Paper & Board Mills (Pvt) Ltd; Flying Board & Paper Industries Ltd; Genertech Pakistan Ltd; Ghazi Power Ltd; Total Atlas Lubricants Pakistan (Pvt) Ltd; Pak Arab Refinery Ltd; Zamir Sons Petroleum Industries (Pvt) Ltd; Lahore Cantt Coop. Housing Society (DHA) Ltd and The Coop Model Town Society (P) Ltd.