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ISLAMABAD: The Federal Board of Revenue has notified a new organisational structure for dealing with international taxes.

A notification SRO744 was issued here for the establishment of these offices at the federal capital and five other places. The director general on international taxes Operations along with other offices will be established in Islamabad while four provincial headquarters each will get an office of director international taxes.

A separate directorate office of international taxes will also be established in Multan which will cater to South Punjab.

These offices will deal with financial information about bank accounts of non-residents on reciprocal basis under a multilateral tax convention with the Organisation for Economic Cooperation and Development (OECD) nations and received on bilateral basis under the avoidance of double taxation treaties.

Published in Dawn, July 10th, 2019