Draft amendment in Common Reporting Rules for Implementation of Automatic Exchange of Information.

Government of Pakistan
Revenue Division
Federal Board of Revenue

Islamabad, the 22nd May, 2017

NOTIFICATION
(Income Tax)

S.R.O. 358 (I)/2017. - The following draft of certain further amendments in the Income Tax Rules, 2002 which the Federal Board of Revenue proposes to make in exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), is hereby published for the information of all persons likely to be affected thereby and, as required by sub-section (3) of the said section, notice is hereby given that objections or suggestions thereon, if any, may be sent within seven days of publication of this notification in the official Gazette.

Any objections or suggestions, which may be received from any person in respect of the said draft before the expiry of the aforesaid period, shall be considered by the Federal Board of Revenue.

DRAFT AMENDMENTS

In the aforesaid Rules, in rule 78B,-

(a) in clause (aj), after the word 'a', occurring for the first time, the words "Reportable Jurisdiction" shall be inserted; and

(b) in clause (am), for the words "there is an obligation in place to", the words "it will" shall be substituted.

[F.No.2(103)Int.Taxes-Ops/14 (pt) /2016]

(Fida Muhammad)
Secretary
Tax Treaties and Conventions