This document outlines the Federal Board of Revenue Act of 2007 which established the Federal Board of Revenue in Pakistan. Some key points include:
1) It establishes the FBR to oversee tax administration and policy in the country.
2) The FBR has powers to manage staffing, establish policies, delegate functions, and maintain budgets and annual reports.
3) It outlines that existing tax collection bodies and employees would be transferred to the new FBR structure.
4) The act provides the legal framework for the FBR to oversee tax administration in Pakistan upon its enforcement on November 1st, 2007.
