Tax Laws (Second Amendment) Ordinance 2019 comes into force
Last updated on: 01 January,2020 10:20 pm
The Ordinance has been imposed to achieve the targets of FATF.
ISLAMABAD (Dunya News) – Tax Laws (Second Amendment) Ordinance 2019 promulgated by President Dr Arif Alvi has come into force from December 26.
The Tax Laws (Second Amendment) Ordinance 2019 has been imposed to achieve the targets of Financial Action Task Force (FATF).
On December 27, President Dr Arif Alvi had promulgated the Tax Laws (Second Amendment) Ordinance 2019, further amending certain tax laws.
According to the ordinance, amendments have been made in the Customs Act 1969 (IV of 1969) after section 3CCA, the directorate general of law and prosecution shall consist of a Director General and as many Directors, additional Directors, Deputy Directors, Assistant Directors, Special Public Prosecutors and such other officers as the Board may, by notification.
Certain amendments have been made in Section 6, 7 ,139, 156, 164, 169, 185A of tax laws. There shall be established an Appellate Tribunal to be called the Customs Appellate Tribunal to exercise the powers and perform the functions conferred on the Customs Appellate Tribunal by this Act. The Appellate Tribunal shall consist of a chairman and such other judicial and technical members, who shall be appointed in such members and in such manner as the Prime Minister may prescribe by rules, which may be made and shall take effect notwithstanding anything contained in section 219 or any other law or rules for the time being in force.
Certain amendments have also been made in the Sales Tax Act, 1990, Tax Ordinance, 2001 Ordinance XLIX of 2001, Income Tax Ordinance, 2001, (XLIX of 2001). The Ordinance has also made certain amendments in Federal Excise Act, 2005.