Federal Board of Revenue

  • Islamabad, Islamabad, Pakistan, 44000
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Overview

  • Founded Date July 1, 1950
  • Sectors Government , Management Job
  • Posted Jobs 2
  • Viewed 31
  • Founded Since 1950

Company Description

About Federal Board of Revenue

The Federal Board of Revenue (FBR), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspected wealth accumulation and money laundering. FBR operates through Inspectors-IR who oversee tax evaders, assess taxable income and perform special duties for FBR headquarters. CBR fulfills the role of collecting taxes in the country from all individuals and companies.

FBR also collects tax evasion intelligence and administers tax laws for the Government of Pakistan and acts as Pakistan’s central debt collection agency.

History of Federal Board of Revenue FBR

Established as the Central Board of Revenue on April 1, 1924, by the enactment of the Central Board of Revenue Act, 1924. In 1944 the CBR was transferred to the Revenue Department at the Ministry of Finance, after which the CBR was converted into a department of the Ministry of Finance on the advice of the “Administrative Reorganization Committee”. Further changes were made in 1974 to streamline the organization and its functions.

In 1991 the CBR was returned to its original status under the Tax Authorities, but in January 1995 the Tax Authorities were abolished and the CBR was again placed under a department of the Ministry of Finance. In 2007, the “FBR Act” was passed in July 2007, renaming the Central Board of Revenue to the current FBR and re- placing it under the Revenue Division of the Treasury Department for the third time.

FBR operates primarily through its main collection departments, made up of Regional Tax Offices (RTOs) and Major Taxpayers (LTUs) across the country.

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