AIRLINK 74.25 Decreased By ▼ -0.35 (-0.47%)
BOP 5.05 Decreased By ▼ -0.09 (-1.75%)
CNERGY 4.42 Decreased By ▼ -0.08 (-1.78%)
DFML 35.84 Increased By ▲ 2.84 (8.61%)
DGKC 88.00 Decreased By ▼ -0.90 (-1.01%)
FCCL 22.20 Decreased By ▼ -0.35 (-1.55%)
FFBL 32.72 Increased By ▲ 0.02 (0.06%)
FFL 9.79 Decreased By ▼ -0.05 (-0.51%)
GGL 10.80 Decreased By ▼ -0.08 (-0.74%)
HBL 115.90 Increased By ▲ 0.59 (0.51%)
HUBC 135.84 Decreased By ▼ -0.79 (-0.58%)
HUMNL 9.84 Decreased By ▼ -0.13 (-1.3%)
KEL 4.61 Decreased By ▼ -0.02 (-0.43%)
KOSM 4.66 Decreased By ▼ -0.04 (-0.85%)
MLCF 39.88 Increased By ▲ 0.18 (0.45%)
OGDC 137.90 Decreased By ▼ -1.06 (-0.76%)
PAEL 26.43 Decreased By ▼ -0.46 (-1.71%)
PIAA 26.28 Increased By ▲ 1.13 (4.49%)
PIBTL 6.76 Decreased By ▼ -0.08 (-1.17%)
PPL 122.90 Increased By ▲ 0.16 (0.13%)
PRL 26.69 Decreased By ▼ -0.32 (-1.18%)
PTC 14.00 No Change ▼ 0.00 (0%)
SEARL 58.70 Decreased By ▼ -0.77 (-1.29%)
SNGP 70.40 Decreased By ▼ -0.75 (-1.05%)
SSGC 10.36 Decreased By ▼ -0.08 (-0.77%)
TELE 8.56 Decreased By ▼ -0.09 (-1.04%)
TPLP 11.38 Decreased By ▼ -0.13 (-1.13%)
TRG 64.23 Decreased By ▼ -0.90 (-1.38%)
UNITY 26.05 Increased By ▲ 0.25 (0.97%)
WTL 1.38 Decreased By ▼ -0.03 (-2.13%)
BR100 7,838 Increased By 19.2 (0.24%)
BR30 25,460 Decreased By -117.2 (-0.46%)
KSE100 74,931 Increased By 266.7 (0.36%)
KSE30 24,146 Increased By 74.2 (0.31%)

The Central Board of Revenue (CBR) will shortly launch a countrywide drive to broaden the tax base and replace the old management system of income tax circles with the new functional-based organisational setup under the restructuring plan from August 1, 2005.
Taking a bold step to broaden the tax-base, the Commissioners of Income Tax (CITs) will take up the matter of obtaining data on transfer of property in Punjab and Sindh with their Chief Ministers.
Official sources told Business Recorder on Friday that the CBR has directed RCITs to constitute dedicated teams for expansion of tax base by August 1, 2005 in each income tax zone.
The regions and zones will chalk out a strategy with active consultation of the individual trade bodies to convince the traders to file their tax returns. This campaign will be launched from August 1, 2005.
The Board will also launch a publicity campaign to educate the taxpayers about their statutory obligation to file returns.
On the issue of RTOs, officials said that the final date of formal inauguration of Regional Tax Offices (RTOs) is not final. However, the CBR has issued instructions to the Regional Commissioners of Income Tax (RCITs) to change the existing circle-based system to the functional mode from August 1, 2005. RCITs will assign new jurisdiction to various income tax zones on functional basis, with the approval of the Board. Adjustment of posts of Commissioners and Additional Commissioners will be made by the Board.
The postings of the Commissioners on functional assignments would be made by the Board. However, postings of taxation officers on functional positions within the Zones and Regions would be made by respective RCITs and CITs. In this regard, no staff members will be laid off. Instead, staff members will be retained and reassigned.

Copyright Business Recorder, 2005

Comments

Comments are closed.