Professional Documents
Culture Documents
The Federal Board of Revenue (abbreviated as FBR) is a top federal government body that
investigates crimes related to taxation and money-laundering. FBR also operates special
Broadening of Tax Base Zones that keep tax evaders under surveillance and compulsorily
bring them into the tax net through its inspectors. These zones have exclusive powers to
scrutinize tax evaders. BTB-Karachi nets potentially big tax evaders with the deployment of
Inspectors Inland Revenue for field operations, and thus, contributes comparably greater than
other BTB Zones in the country. FBR collects intelligence on tax evasion and administers tax
laws for the Government of Pakistan and acts as the central revenue collection agency of
Pakistan.
Acts
Customs Act ,1969
Sales Tax Act, 1990
Federal Excise Act,2005
Etc
Functions:
Grand exemption from tax to the newly established industrial under taking &make
rules for such exemption.
Make rules for appointment of values & other matters, related to other smooth
functions.
Make rules for the recovery of tax from a taxpayer who is in a defaulted.
Make rules for tax credit or certain investments.
Certify an institution as conducting research in Pakistan .
Approve schemes regarding employee training .
Make rules for valuation & taxation of unexplained income or assets.
Issue circular to tax payers & officers of the board.
Issue advance ruling on application of a non resident.
Approve a security for the purposes of taxation of profit debts.