The recent changes in the constitution of appellate forums via Tax Laws Amendment.| RITBA Seminar

The Tax Laws (Amendment) Act, 2024 [the Act] has introduced significant changes to the way tax appeals will be handled in Pakistan. This applies to the Income Tax Ordinance, 2001, the Sales Tax Act, 1990 and the Federal Excise Act, 2005.
The key changes include:
1. The Act introduces pecuniary jurisdiction system, prescribing applicable appellate forum based on the monetary threshold of the appeals.
2. The power to appoint the Chairman and members of the Appellate Tribunal Inland Revenue (ATIR) has now been vested with the Federal Government in place of the Prime Minister.
3. The Act mandates swift resolution of appeals by the ATIR and emphasizes the utilization of Alternative Dispute Resolution (ADR) mechanisms before formal proceedings commence.
4. Composition of ATIR revamped for Income Tax, Sales Tax and Federal Excise Act, by removing distinction between judicial and accountant members.
5. The Act seeks to formulate procedures of the High Courts relating to disposal of tax cases.
6. Peculiar litigation process for State Owned Enterprises (SOE) has been introduced as the removed the threshold for mandatory ADR referral of income tax disputes involving such SOEs.
7. Establishment of a Directorate General of Law under the auspices of both the Sales Tax Act, 1990 and the Federal Excise Act, 2005.
#income_tax_appeal
#how_to_check_income_tax_appeal_status_online
#how_to_pay_income_tax_appeal_fees
#how_to_file_income_tax_appeal
#how_to_file_income_tax_appeal_online
#monetary_limit_for_filing_income_tax_appeal
#income_tax_appeal_format
#income_tax_appeal_procedure
#income_tax_appeal_and_revision
#income_tax_appeal_against
#income_tax_and_appeal
#appeal_under_income_tax_act
#appeal_and_revision_in_income_tax
#income_tax_appeal_filing_date_extended
#income_tax_appellate_tribunal_efiling
#court_of_tax_appeals_en_banc
#income_tax_appellate_tribunal_judgements
#appeal_against_ex_parte_order_in_income_tax
#e_appeal_scheme_income_tax
#sales_tax_appeal_fbr
#sales_tax_appeal_form_fbr
#fbr_sales_tax_rules
#what_is_sales_tax_in_pakistan
#sales_tax_appeal_format
#sales_tax_appeal_form
#sales_tax_appeal_fee
#sales_tax_audit_fbr
#fbr_sales_tax_act
#fbr_sales_tax_active_taxpayer_list
#fbr_sales_tax_challan
#fbr_appeal_form
#e_fbr_sales_tax_verification
#fbr_appeal_fee
#fbr_sales_tax_status
#fbr_excise_and_taxation
#e_fbr_taxpayer_facilitation_portal
#Taxationist #TaxationistCorporateConsultants #TaxLawayerInRawalpindi #TaxLawyerInIslamabad #Tax #law #FederalBoardOfRevenue #FBR #SECP #SecurityExchangeCommissionOfPakistan #CorporateLawyer #BestTaxConsultantInRawalpindi #KhurramShahzadAslam #KhuramShahzad #KhurramShahzadDawar
#gstindia #ca #gstupdates #gstr #accounts #payroll #taxservices #taxprofessionals #startup #auditing #entrepreneur #commerce #incometaxindia #accountants #taxpro #taxservice #businessaccounting #financialfreedom #icai #taxaccountant #incometaxseason #businessowner #cpa #itr #taxcollection #taxfree #taxday #vat #accountancy #taxmoney
#taxation #tax #taxes #accounting #accountant #taxseason #incometax #business #finance #taxrefund #taxplanning #gst #taxreturn #taxprofessional #taxpreparer #taxtips #bookkeeping #taxconsultant #taxpreparation #charteredaccountant #irs #audit #taxtime #taxhelp #smallbusiness #incometaxreturn #india #taxprep #accountingservices #money