FEDERAL BOARD OF REVENUE (FBR)

The Federal Board of Revenue (more commonly known by its initials as FBR) is a semi-autonomous federal agency of Pakistan that is responsible for enforcing fiscal laws and collecting revenue for the government of Pakistan. FBR has the responsibility for (i) formulation and administration of fiscal policies, (ii) levy and collection of federal duties, taxes and other levies, and (iii) quasi-judicial function of deciding Customs & taxation cases and appeals. FBR is perhaps the largest ... federal department in Pakistan. FBR primarily operates through its main collection arms comprising Customs collectorates, Regional Tax Offices (RTOs) and Large Taxpayer Units (LTUs) across the country. FBR has two major wings: the Inland Revenue & Customs. The Inland Revenue Service (formerly known as Income Tax Department) administers domestic taxation including Sales Tax, Income Tax and Federal Excise Duties. The Pakistan Customs Service administers import duties and other taxes collected at import stage, as well regulates international trade with regard to prohibitions & restrictions imposed by the government. For the purpose of collection of revenue and pursuing tax evaders, FBR's powers & functions also include but are not limited to: carrying out inquiries and audits/investigations into the tax affairs, commanding arrests, attachment as well as public auction of movable and immovable assets of a non-compliant. Dr Muhammad Irshad is the current chairman of FBR.

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FEDERAL BOARD OF REVENUE (FBR)

Social Links:

Facebook

Twitter

Industry:

Association Financial Services Government

Founded:

2007-07-01

Address:

Islamabad, Islamabad, Pakistan

Country:

Pakistan

Website Url:

http://www.fbr.gov.pk

Total Employee:

10001+

Status:

Active

Contact:

+9251111772772

Email Addresses:

[email protected]

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