What is the main role of the Federal Board of Revenue (FBR) in Pakistan?
a) To regulate the stock market
b) To collect taxes and enforce tax laws
c) To monitor exports and imports
d) To set up new business regulations
Which of the following taxes is considered an indirect tax in Pakistan?
a) Income tax
b) Sales tax
c) Capital gains tax
d) Corporate tax
What is the primary tax collected by the FBR in Pakistan?
a) Income tax
b) Sales tax
c) Customs duty
d) Property tax
Which of the following taxes is levied on goods and services in Pakistan?
a) Income tax
b) Sales tax
c) Capital gains tax
d) Inheritance tax
What is the tax system used in Pakistan for individuals with higher income?
a) Regressive tax system
b) Progressive tax system
c) Flat tax system
d) Transaction tax system
What is the main challenge in Pakistan’s taxation system?
a) Excessive corporate tax rates
b) Widespread tax evasion and avoidance
c) High sales tax on essential goods
d) Poor infrastructure for tax collection
Which of the following is NOT a source of tax revenue in Pakistan?
a) Customs duties
b) Sales tax
c) Personal property tax
d) Income tax
Which type of tax is charged on profits earned by businesses in Pakistan?
a) Sales tax
b) Income tax
c) Corporate tax
d) Property tax
Which tax is imposed on the sale of goods and services in Pakistan?
a) Income tax
b) Sales tax
c) Capital gains tax
d) Excise duty
Which is a key feature of Pakistan’s taxation system?
a) Only progressive tax rates for businesses
b) No tax on agricultural income
c) A single flat tax rate for all citizens
d) Heavy reliance on foreign tax treaties
What is the main purpose of withholding tax in Pakistan?
a) To encourage tax evasion
b) To collect taxes from imports
c) To collect taxes from individuals and businesses in advance
d) To reduce corporate taxes
What is the role of tax audits in Pakistan?
a) To penalize small businesses
b) To ensure tax laws are followed
c) To eliminate agricultural taxes
d) To reduce the number of tax filers
Which of the following is an indirect tax imposed by the FBR in Pakistan?
a) Income tax
b) Capital gains tax
c) Sales tax
d) Corporate tax
Which body is responsible for collecting taxes at the federal level in Pakistan?
a) National Bank of Pakistan
b) Federal Board of Revenue (FBR)
c) State Bank of Pakistan
d) Ministry of Finance
What is the primary focus of the FBR’s tax reforms in Pakistan?
a) To increase tax rates on corporations
b) To simplify tax laws and improve compliance
c) To eliminate corporate taxes for foreign investors
d) To remove all sales tax on essential goods
Which tax is paid by individuals based on their income in Pakistan?
a) Corporate tax
b) Sales tax
c) Income tax
d) Excise duty
What is the role of tax exemptions in Pakistan’s taxation system?
a) To decrease the tax rates for wealthy individuals
b) To encourage investment in certain sectors
c) To encourage tax evasion
d) To increase tax revenue in rural areas
Which of the following taxes is applicable on goods and services imported into Pakistan?
a) Income tax
b) Corporate tax
c) Customs duty
d) Property tax
What type of tax does the FBR impose on the sale of goods like alcohol and tobacco?
a) Income tax
b) Sales tax
c) Excise duty
d) Custom duty
What is the tax rate for salaried individuals in Pakistan determined by?
a) Their business sector
b) Their income tax bracket
c) Their level of education
d) The type of goods they purchase
What is the general rate of sales tax imposed in Pakistan?
a) 10%
b) 5%
c) 17%
d) 20%
What is the main source of revenue collection for provincial governments in Pakistan?
a) Income tax
b) Sales tax on services
c) Federal taxes
d) Customs duties
Which of the following taxes is NOT typically collected by the FBR in Pakistan?
a) Sales tax
b) Income tax
c) Property tax
d) Corporate tax
What is the purpose of the Pakistan Revenue Automation (PRA) system?
a) To collect taxes from foreign businesses
b) To automate the process of filing and collecting taxes
c) To remove all taxes on small businesses
d) To control the central bank’s interest rates
Which sector is primarily responsible for the highest amount of tax contribution in Pakistan?
a) Agriculture
b) Services
c) Manufacturing
d) Retail
How does the FBR enforce tax compliance in Pakistan?
a) Through self-assessment only
b) By providing tax education and exemptions
c) By conducting audits and investigations
d) By offering subsidies on certain taxes
Which tax is imposed on profits made from the sale of assets in Pakistan?
a) Sales tax
b) Corporate tax
c) Capital gains tax
d) Income tax
What is one of the main reasons behind tax evasion in Pakistan?
a) High tax rates
b) Inefficient collection mechanisms
c) Lack of business regulations
d) Excessive imports and exports
Which method is primarily used by FBR to track taxpayers in Pakistan?
a) Direct surveillance
b) Use of National Tax Numbers (NTN)
c) Random checks at banks
d) Regular audits at businesses
How does the FBR deal with the issue of tax avoidance?
a) By lowering tax rates
b) By offering tax credits to companies
c) By strengthening tax audits and enforcement measures
d) By abolishing certain taxes
Which of the following taxes is paid on income generated by businesses?
a) Sales tax
b) Corporate tax
c) Capital gains tax
d) Excise duty
What is the purpose of the Federal Board of Revenue’s online portal?
a) To offer loans to businesses
b) To track corporate investments
c) To allow businesses and individuals to file taxes electronically
d) To offer financial advice to taxpayers
Which of the following is NOT a tax collected at the provincial level in Pakistan?
a) Sales tax on services
b) Land revenue tax
c) Income tax
d) Motor vehicle tax
What is one way the FBR aims to increase tax compliance in Pakistan?
a) By eliminating all personal taxes
b) By introducing new progressive tax brackets
c) By offering more exemptions for businesses
d) By improving tax collection transparency and ease of filing
