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. Iris helps you file your fbr income tax return easily The federal board of revenue (fbr) is the main organization in pakistan in the administration and enforcement of tax laws The fbr has made sure that the nation is stable economically and financially as it is the backbone of revenue system in the nation. The lifestyle monitoring cell of the federal board of revenue has found that certain taxpayers are living a lavish lifestyle but are declaring negligible amounts in their tax returns.the. The federal board of revenue (fbr) has made it mandatory for all taxpayers paying rs500,000 or more in taxes to register with the authority
According to an official notification (sro) issued on tuesday, individuals or businesses paying rs500,000 in taxes, as well as withholding agents.
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