Taxation

Taxation

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The Federal Board of Revenue is a top federal government body that investigates crimes related to taxation and money-laundering. The organization collects intelligence on tax evasion and audits cases with respect to unreported income, assets and expenditure. It administers tax laws for the Government of Pakistan and acts as the central revenue collection agency of Pakistan. It also has divisions solely dedicated to audit and investigate withholding agents existing in Pakistan.

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The Internal Revenue Service (IRS) is the revenue service of the United States federal government. The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States. The IRS is responsible for collecting taxes and administering the Internal Revenue Code, the main body of federal statutory tax law of the United States.

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UK Taxation

Her Majesty’s Revenue and Customs (HM Revenue and Customs or HMRC) is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support and the administration of other regulatory regimes including the national minimum wage. HMRC was formed by the merger of the Inland Revenue and Her Majesty’s Customs and Excise, which took effect on 18 April 2005. The department’s logo is the St Edward’s Crown enclosed within a circle.

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