Tax Revenue | MCQs

Explanation

The Federal Board of Revenue (FBR) is responsible for collecting various types of taxes in Pakistan, including:

Income Tax: FBR collects income tax from individuals and businesses.

Federal Excise Duty (FED): FBR collects FED on certain goods and services.

Sales Tax: FBR collects sales tax on goods and services.

Additionally, FBR also collects other types of taxes, such as:

• Customs duty
• Property tax
• Wealth tax
• Gift tax
• Inheritance tax

Explanation

The Federal Board of Revenue (FBR) is responsible for the collection of major tax revenues in Pakistan.

Including income tax, sales tax, and customs duties.

It operates under the Ministry of Finance.