ISLAMABAD: Federal Board of Revenue (FBR) has authorized powers to perform functions to the officers of the Directorate General of Special Initiatives.
The FBR issued SRO 940(I)2019 on Tuesday in this regard.
The Director General of the directorate has been given powers and authority of a Chief Commissioner Inland Revenue.
The director general has been authorized powers under Sections 176, 178, 179 of the Income Tax Ordinance, 2001.
The functions to work by the DG are:
(i) adopting innovative ways to find high net worth individuals and generate data which can readily translate into revenue.
(ii) coordination with departments of government, semi-government, local government, autonomous bodies, authorities and private bodies to find innovative avenues for generation of integrated data to generate revenue for the government.
(iii) any initiative for system based generation of revenues for FBR.
(iv) Any other initiative assigned by the Chairman FBR or Member Inland Revenue – Operations.
The FBR has also authorized powers and functions of Director, Additional Director and Deputy/Assistant Director of the Directorate.