KARACHI: Federal Board of Revenue (FBR) has transferred jurisdiction of big volume taxpayers to Corporate Tax Office (CTO) instead of dedicated tax offices for big taxpayers i.e. Large Taxpayers Office (LTO).
Karachi Chamber of Commerce and Industry (KCCI) in its proposals for budget 2021/2022 pointed out that the FBR had created new LTOs which deal with taxpayers having a turnover of Rs.1 billion or more.
However, FBR has changed the taxpayer’s jurisdictions abruptly without any intimation.
Jurisdiction of some tax payers has been transferred from LTO to CTO despite having a turnover of Rs.7 to Rs8 billion which has created a great deal of confusion and hardship. Difficulties in transfer of soft data/hard copies of tax records from one jurisdiction to other has created problem in processing of refunds and other issues.
The chamber urged the FBR to correctly and transparently implement the said policy.
Transfer of Jurisdiction should be streamlined and made easier with prior intimation and valid reasoning.
Taxpayer data will be available for longer period to be checked by himself at one place and it will also facilitate taxpayers.
