Federal Board of Revenue Organization & Role

1. Federal Board of Revenue Organization & Role

2. What is budget? “ An estimate of income and expenditure for a set period of time”

3. What is federal budget? • Income • Revenue and Capital Receipts • Tax and non Tax Revenue • Internal and External Receipts • Loans and Grants i.e. Kerry Lugar, Tokyo Pledges, Privatization etc. • Expenses • Current and Development Expenditures

4. Ministry of Finance, Revenue, Planning and Development, Economic Affairs and Statistics Finance Division Revenue Division EAD Division FBR

5. Federal Board of Revenue (FBR) Inland Revenue Service (IRS) Pakistan Customs Service (PCS)

6. Federal Budget 2012-13 • Total Revenue Receipts – 3,233,907 million • Total Tax Receipts – Rs. 2,503,575 million • FBR Taxes – Rs. 2,381,000 million • 74% of Total Receipts is collected by FBR • 95% of Total Tax Receipts is collected by FBR

7. Taxes Collected by FBR • Income Tax • Sales Tax • Federal Excise • Customs Duties Inland Revenue Service (IRS) Pakistan Customs Service (PCS)

8. Federal Budget 2012-13 Rs. 2,381,000 million Income Tax 932,000 Sales Tax 1,076,500 FED 125,000 Custom 247,500 89.6% 10.4%

9. Fiscal Statutes Income Tax Ordinance, 2001 Sales Tax Act, 1990 Federal Excise Act, 2005 Customs Act, 1969

12. Officer to Revenue Ratio Total Officers - 1551 Working Strength - 1240 Tax collected per officer – Rs. 1920 million

13. Inland Revenue • Large Taxpayers Unit – 3 • Regional Tax Offices – 18 • Directorate General of Intelligence & Investigation (IR) • Directorate General of Training and Research (DOT) • Directorate General of Internal Audit • Directorate General of Withholding Taxes

14. Pakistan Customs • Model Customs Collectorate (MCC) • Directorate General of Post Clearance Audit • Directorate General of Intelligence & Investigation (Customs) • Directorate General of Training and Research (Customs) • Directorate General of Internal Audit • DG Preventive • DG Valuation • DG Adjudication

15. Thank you