ISLAMABAD: Gilgit-Baltistan Council and has requested the Federal Board of Revenue (FBR) to depute Inland Revenue Officers for establishment of a full-fledged Income Tax Department at Gilgit-Baltistan.
Sources told Business Recorder here on Monday that Azad Jammu & Kashmir Council has also asked the FBR to depute IR officials at the AJK. The Gilgit-Baltistan government has, reportedly, decided to impose income tax in the region. The income tax is being imposed through the Gilgit-Baltistan Council, which is a non-elected body comprising of people from Gilgit-Baltistan and other parts of the country.
According to a letter of FBR to officers of IRS, Gilgit-Baltistan Council Secretariat requires the services of officers of Inland Revenue Service of BS-17 to BS-20 and officials on deputation basis for posting in Income Tax Department at Gilgit-Baltistan. Interested officers/ officials may send their options through proper channel to this office by January 10, 2013.
The FBR has already assisted the Gilgit-Baltistan Council Board of Revenue in drafting of the new bill for imposition of income tax on certain categories of persons including corporate sector of Gilgit-Baltistan (GB), 35 percent corporate tax on GB-based companies and sharing of customs duty between the FBR and the GB on the clearance of Chinese goods from the Sust Dry Port.
Source: Business Recorder