A Guide to 7E (Deemed Rental Income) Exemptions
The Deemed Rental Income Tax (Section 7E) of the Income Tax Ordinance, 2001, applies to a broad range of immovable properties in Pakistan. However, several categories of individuals and properties […]
The Deemed Rental Income Tax (Section 7E) of the Income Tax Ordinance, 2001, applies to a broad range of immovable properties in Pakistan. However, several categories of individuals and properties […]
Part II of S.R.O. 420(I)/2024 outlines the new framework for advance tax payments under the “Tajir Dost Scheme” for small businesses in Pakistan. Here’s a breakdown of the key points: […]
What is Draft S.R.O. 420(I)/2024? This notification, issued by the Federal Board of Revenue (FBR) of Pakistan, mandates the registration of all traders and shopkeepers in the country. Taking effect […]
The Federal Board of Revenue (FBR) has implemented a new system called SWAPS (System for Web-based Automated Payment System) for processing payments for goods and services. This notification, issued on […]
The Federal Board of Revenue (FBR) of Pakistan plays a crucial role in regulating and collecting taxes. In recent times, they’ve emphasized the importance of transparency in financial transactions, particularly […]
In Pakistan, the government encourages charitable donation giving by offering tax credits to individuals and companies who donate to approved organizations. This article provides a comprehensive list of these approved […]
Pakistan welcomes its skilled citizens back with open arms, and the tax system reflects that. This article explores the tax exemption offered to returning Pakistani expats on their foreign-source income, […]
The Income Tax Ordinance, 2001, allows employers to establish recognized provident funds (RPFs) for their employees. These funds offer tax benefits for both employers and employees. To gain recognition from […]
The Lahore Chamber of Commerce and Industry (LCCI) is contesting a recent amendment to the Sales Tax Rules, arguing it unfairly burdens compliant businesses. SRO 350(I)/2024: This Statutory Regulatory Order […]
Updating Your Tax Information Keeping your tax information up-to-date with the Federal Board of Revenue (FBR) is crucial. This article outlines three convenient methods you can utilize to amend your […]