how fbr collect taxes

how fbr collect taxes
Fbr

 

Introduction 

FBR stands for Federal Board of Revenue and it is the main body that collects taxes in Pakistan It works to ensure that every citizen and business pays their fair share to support the country’s development

 

FBR collects taxes in many different ways The most common is income tax which is taken from salaries business income rent and investments If you work in a company your employer deducts the tax every month and sends it directly to FBR

 

If you run a business or work freelance you must calculate and pay your tax by filing your return on the  IRIS system every year

 

Another big tax is sales tax This is the extra amount you pay when you buy something like clothes groceries electronics or services The business collects that money from you and deposits it with 

also collects customs duty from items that come into Pakistan from other countries These taxes are collected at ports airports and land borders when imported goods arrive

 

Some products like fuel cigarettes drinks and luxury goods are charged with federal excise duty and FBR collects this from manufacturers and importers

 

FBR uses a digital system to keep track of who has paid taxes and who has not The IRIS portal allows taxpayers to register file returns generate challans and make online payments through banks ATMs and mobile apps

 

FBR also works with NADRA banks telecom companies and other departments to gather data on income property vehicles and foreign trips to catch tax evaders

 

If someone does not pay their taxes FBR can take legal steps like sending a notice freezing their bank account or deducting money directly from salary or business income

 

To avoid problems and play your part in building the country always file your tax return pay your dues and keep your tax record updatedhttps://manyviral.com/can-trumps-big-beautiful-bill-pass-the-senate/

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