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Federal Board of Revenue
Division of the Government of Pakistan From Wikipedia, the free encyclopedia
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The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax evaders under surveillance, assess taxable incomes and perform special tasks for FBR Headquarters. FBR performs role of collection of taxation in the country from all individuals and businesses.
FBR also collects intelligence on tax evasion and administers tax laws for the Government of Pakistan and acts as the central revenue collection agency of Pakistan.[3]
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History
Established as the Central Board of Revenue on 1 April 1924 through enactment of the "Central Board of Revenue Act, 1924". In 1944, the CBR was put under the Revenue Division with the Ministry of Finance until 1960, when on the recommendations of the "Administrative Reorganization Committee", the CBR was made into a division of the Ministry of Finance. In 1974, further changes were made to streamline the organization and its functions. In 1991, the CBR was once again reverted to its original status under the Revenue Division, however in January 1995, the Revenue Division was abolished and the CBR was once again reverted to a division of the Ministry of Finance. In 2007, the "FBR Act" was passed in July 2007, whereby the Central Board of Revenue was renamed to the present-day Federal Board of Revenue and for a third time placed again under the Revenue Division of the Ministry of Finance.
FBR primarily operates through its main collection arms comprising Regional Tax Offices (RTOs) and Large Taxpayer Units (LTUs) across the country.
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Structure
Wings
Source:[4]
Directorates
- Directorate General of Transit Trade - Pakistan Customs
- Directorate of Broadening of Tax Base (Special Directorate)
- Directorate General of Intelligence & Investigation - Pakistan Customs
- Directorate General of Internal Audit - Pakistan Customs
- Directorate General of Input Output Coefficient Organization - Pakistan Customs
- Directorate General of Reform & Automation - Pakistan Customs
- Directorate of Post Clearance Audit - Pakistan Customs
- Directorate General of Valuation - Pakistan Customs
- Directorate General of Training & Research - Pakistan Customs
- Directorate General of Intelligence & Investigation - Inland Revenue
- Directorate general of Training and Research - Inland Revenue
- Directorate of Withholding Tax - Inland Revenue
- Directorate General of Internal Audit - Inland Revenue
- Directorate General of Designated Non-Financial Businesses and Professions (DNFBPs)
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List of Chairmen/Chairperson CBR/FBR
Summarize
Perspective
The FBR Chairman is the executive forerunner of the board and is liable to formulate and enforce the fiscal policies of the country, decide on taxes and duties and ultimately act as a referent to the judicial appeals to the board. The chairman serves an essential job to operate in sync with the economic and trade ministers of the country as well as keep up with the prime minister of the state.
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References
External links
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