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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 ...
In 2021 the Federal Board of Revenue (FBR) has extended additional powers to the Directorate of Intelligence and Investigation (I&I) - Inland Revenue. This expansion involves broadening the functions, jurisdiction, and powers of the Director General of Intelligence and Investigation - Inland Revenue (DG I&I-IR) and the officers under its purview.
The Inland Revenue Service (IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty. [1] [2]
Federal income taxes are administered by the Federal Board of Revenue. The period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. Corporate Income tax rates Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019.
High courts: Islamabad, Punjab, Sindh, KPK, Balochistan, Shariat Court Territorial courts : AJK supreme court , AJK High court , Gilgit-Baltistan supreme court , Gilgit-Baltistan High Court Special courts : Anti Terrorism Courts , Accountability Courts
The Federal Tax Ombudsman Ordinance of 2000 [1] and the Federal Ombudsman Institutional Reforms (FOIR) Act of 2013 [2] confer powers, including administrative and financial autonomy. This aligns with the separation of Pakistan's judiciary and executive branches in accordance with the Constitution.
As of 2012, Islamabad LTU (Large Tax Unit) was responsible for Rs 371 billion in tax revenue, which amounts to 20% of all the revenue collected by Federal Board of Revenue. [88] Islamabad has seen an expansion in information and communications technology with the addition two Software Technology Parks, which house numerous national and foreign ...
As of 2012, Islamabad LTU (Large Tax Unit) was responsible for Rs 371 billion in tax revenue, which amounts to 20% of all the revenue collected by Federal Board of Revenue. [36] Islamabad has seen an expansion in information and communications technology with the addition two Software Technology Parks, which house numerous national and foreign ...