The Federal Board of Revenue (FBR) has notified constitution of market committees in all major cities to resolve tax-related issues between the FBR and traders community. The market committees have been constituted within the jurisdiction of all Regional Tax Offices (RTOs) of the country.

According to an office order issued by the FBR here on Tuesday, in pursuance of the agreement dated 30.10.2019 between FBR and traders, with the approval of the competent authority, the market committees are constituted for different markets and areas with membership as shown against each. The committees shall perform such functions as provided in office order of even number dated December 11, 2019. The working of the committees shall be regulated as per laid down procedure. The senior-most tax officer on the committee shall act as convener of the committee.

Where a tax officer representative is not included in the committee, the respective Chief Commissioner Inland Revenue shall nominate such representative(s). In case of transfer of an officer, the Chief Commissioner Inland Revenue concerned shall nominate a substitute. In case of overlap between jurisdictions of territorial and sectoral committees, the function of sectoral committees shall be to provide technical assistance to respective territorial committees, the FBR added.

Copyright Business Recorder, 2019