How to Tax Profit on Debt?
When it comes to tax purposes, understanding the concept of profit on debt is essential for individuals and businesses alike. In this informative blog post, we will delve into the […]
Master Pakistan’s tax landscape with TaxationPK’s Tax Essentials guide. Understand requirements, rates, charges, and navigate tax basics with ease.
When it comes to tax purposes, understanding the concept of profit on debt is essential for individuals and businesses alike. In this informative blog post, we will delve into the […]
The Sales Tax Act, 1990, outlines specific restrictions on the input tax credit that registered persons can claim. This article provides a comprehensive overview of these restrictions and their implications […]
Timely Tax Filing : A Guide to Avoiding Penalties Filing income tax returns on time is a crucial obligation for all taxpayers in Pakistan. The Income Tax Ordinance 2001 mandates […]
The Federal Board of Revenue (FBR) has issued Income Tax Circular No. 1 of 2024-25, detailing significant changes introduced under the Finance Act 2024. Key Changes: 100% Tax Credit: Entities […]
The Punjab Revenue Authority (PRA) has announced that all withholding agents in Punjab, Pakistan, are now considered “collecting agents” for sales tax purposes. This means they are responsible for collecting […]
FBR Clarifies Controversial Sales Tax Regulation (SRO 350): Addressing Taxpayer Concerns The Federal Board of Revenue (FBR) has issued a new Statutory Regulatory Order (SRO) 350(I)/2024, which introduces changes to […]
The Federal Board of Revenue (FBR) maintains a crucial database called the Active Taxpayer List (ATL). This article explains the different types of ATLs and their significance. What is the […]
The Finance Act (FA) 2024 brings welcome news for businesses and residents in the former Federally Administered Tribal Areas (FATA) regions of Pakistan. The Act extends existing sales tax exemptions, […]
Pakistan’s tax landscape has seen a significant update with the Finance Act 2024. This article delves into wealth statement disclosures, highlighting the newly incorporated requirement to disclose foreign assets and […]
The Federal Board of Revenue (FBR) has implemented a revised tax system for exporters of goods, replacing the previous final tax regime. This article unpacks the key changes and their […]