S.R.O. 80(I)/2023, Islamabad, the 1st February, 2023

Sharing of Declaration of Assets of Civil Servants Rules, 2023 Government of Pakistan Revenue Division Federal Board of Revenue ***** Notification Islamabad, the 1st February, 2023. S.R.O. 80(I)/2023. - In exercise of the powers conferred by sub-section (1) of section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Board of Revenue is pleased to make the following rules, the same having been previously published vide Notification No. S.R.O.76(I)/2023 dated the 26th January, 2023, as required by sub-section (3) of section 237 of the said Ordinance, namely:- 1. Short title and commencement. - (1) These rules shall be called the Sharing of Declaration of Assets of Civil Servants Rules, 2023. (2) They shall come into force at once. 2. Definition. - In these rules, unless the context otherwise requires- (i) “Civil Servants” means an employee serving under Civil Servants Act, 1973 (LXXI of 1973); (ii) “CDD” means customers due diligence as defined under the Anti¬Money Laundering Act, 2010 (VII of 2010); and (iii) “Ordinance” means the Income Tax Ordinance, 2001 (XLIX of 2001). (2) All other words and expression used in these rules, but not defined herein, shall have the same meaning as are assigned thereto in the Ordinance. 3. Application.- (1) These rules shall apply for sharing of information with banking companies as defined under sub-section (7) of section 2 of the Ordinance. (2) These rules shall apply for limited purpose of sharing of information in respect of civil servants in BS 17 - 22. (3) The FBR shall share a simplified or abridged version of declaration, based on the fields agreed with the State Bank, made by a civil servant in his electronic declaration filed with FBR 4. Compliance Requirements. - (1) The bank shall use a pre-notified, secured and single authorized email address and the email account shall be under control and responsibility of the head of compliance of the bank in terms of its authorization, use and security of data being shared. The authorized email account shall be used for request or receipt of simplified declarations as envisaged under sub-rule (3) of rule 3. (2) The bank shall communicate to the FBR the…