Federal Board of Revenue

The Federal Board of Revenue (more commonly known by its initials as FBR) is the supreme federal agency of Pakistan that is responsible for enforcing 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 taxes and (iii) quasi-judicial function of hearing of appeals. FBR is estimated to be the largest federal bureaucracy in Pakistan. FBR is the guardian of the national treasury. Mostly in the media, the term 'FBR' is also often mentioned when speaking in relation to Income Tax Department or Income Tax Officers in Pakistan. For the purpose of collection of revenue and pursuing tax cheaters, FBR's powers & functions also include but are not limited to: carrying out inquiries and investigative audits into the tax affairs, commanding arrests, attachment as well as public auction of movable and immovable assets of a non-compliant. Salman Siddiqui is the current chairman of the board and under his capacity as Chairman FBR, he is authorized Office of the Secretary, Revenue Division, Government of Pakistan.

History

The Federal Board of Revenue (FBR) was created on April 1, 1924 through enactment of the Federal Board of Revenue Act, 1924. In 1944, a full-fledged Revenue Division was created under the Ministry of Finance. After independence, this arrangement continued up to 31 August 1960 when on the recommendations of the Administrative Re-organization Committee, FBR was made an attached department of the Ministry of Finance. In 1974, further changes were made to streamline the organization and its functions. Consequently, the post of Chairman FBR was created with the status of ex-officio Additional Secretary and Secretary Finance was relieved of his duties as ex-officio Chairman of the FBR.
     In order to remove impediments in the exercise of administrative powers of a Secretary to the Government and effective formulation and implementation of fiscal policy measures, the status of FBR as a Revenue Division was restored under the Ministry of Finance on October 22, 1991. However, the Revenue Division was abolished in January 1995, and FBR reverted back to the pre-1991 position. The Revenue Division continued to exist since from December 1, 1998; however, owing to the recent controversy which arose when the federal government appointed the new FBR Chairman of the seventh common, bypassing several senior-most officials in the Customs & Excise Group & of Income Tax, Prime Minister of Pakistan gave an additional charge of Revenue Division, Government of Pakistan to the Secretary Finance Salman Siddiq, Government of Pakistan, thereby violating Federal Board of Revenue Act, 2007 as the senior officials in Customs & Excise Group refused reporting to a junior officer. By the enactment of FBR Act 2007 in July 2007 the Central Board of Revenue has now become Federal Board of Revenue. The status of FBR as Revenue Division has again been restored.

Notable Former Chairmen

First Ex-Officio Chairman of FBR was Sir Victor Turner from August 14, 1947 to February 1, 1950. Ghulam Ishaq Khan also who later became the president of Pakistan served as the board chairman from May 31, 1966 to September 8, 1970. A G N Kazi also served as Chairman CBR from 1970-71 until M Zulfiqar took over as as the first full time Chairman of the Board.

Rizwan is great boy :)

Tax Collection Trend

This is a chart of trend of taxes collected by the Central Board of Revenue of Pakistan with figures in millions of Pakistani Rupees.[1]

Year	Total	Direct Taxes	Indirect Taxes
1996	129,282,087	658,485,060	211,597,027
2000	982,392,277	251,124,585	124,5267,692
2005	429,282,087	129,282,087	611,597,027

Since the mid-1990s, Sales Tax has grown dramatically in significance to the exchequer while Excise collection has stagnated.

See also

• Taxation in Pakistan