The Federal Board of Revenue (FBR) has made three new Regional Tax Offices (RTOs) functional in Karachi to facilitate the business community. Sources told Business Recorder here on Monday that the three RTOs have been made functional in Karachi from December 22, 2010. These are RTO Karachi, RTO-II and RTO-III Karachi.
However, it has been decided by the competent authority that all collection up to December 31, 2010 will remain with RTO, Karachi. Thereafter, procedure of accounting of collection will be evolved by the Board and communicated to the RTOs, which will be effective from January 1, 2011, till then, the existing arrangements will continue.
The FBR further said that all-external audit matters pertaining to RTOs at Karachi (ie RTO, Karachi, RTO-II, Karachi, RTO-III, and Karachi) will be handled by the senior most Chief Commissioner Inland Revenue of RTO, Karachi till June 30, 2011. He will be responsible to look after all External Audit Matters and ensure compliance in the pending External Audit Paras, FBR added.
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