As per Section 165(B) and 107(1) of Income Tax ordinance, 2001 and other applicable domestic laws and rules related to Automatic Exchange of Information (AEOI), all Reporting Financial Institutions (RFIs) are required to submit Common Reporting Standard (CRS) reports on prescribed XML format by 31st May, 2019 in accordance with CRS Rules notified by Federal Board of Revenue (FBR) vide SRO 166 (I)/2017 dated 15th March, 2017. Failure to make complete and timely compliance shall be penalized under section 182 of the Income Tax Ordinance, 2001.
For guidance and submission of reports, FBR AEOI Portal on the official website of FBR has been set-up. For further help call helpline no. 051-8431122 or email at aeoi.tech@fbr.gov.pk.
