How is Turnover Tax Calculated in Pakistan?
Turnover tax is a type of indirect tax that is levied on the value of goods and services sold by businesses. In Pakistan, turnover tax is levied at a rate […]
What You Need to Know About Tax Penalties in Pakistan
The Income Tax Ordinance 2001 (ITO) is the primary legislation governing taxation in Pakistan. The ITO sets out a number of different tax penalties for non-compliance with its provisions. These […]
Direct Tax Collection in Pakistan: An Overview
Tax collection is an essential component of any country’s economy. It is a significant source of revenue for the government, which is used for public welfare, infrastructure development, and defense. […]
How the Taxation System in Pakistan Has Changed Over Time
The taxation system in Pakistan has undergone a number of changes over time, in response to both internal and external factors. In this blog post, we will explore the history […]
How Long Do You Need to Keep Sales Tax Records?
As a taxpayer, it is important to keep your sales tax records in order. This is because the Federal Board of Revenue (FBR) may audit you at any time, and […]
Tax Reforms in Pakistan: A Complete Guide
Tax reforms are an essential part of any country’s economic development. In Pakistan, the government has implemented several tax reforms in recent years to improve the tax collection system and […]
Federal Tax Collection System in Pakistan: A Comprehensive Guide
Taxes are a crucial source of revenue for any government, and Pakistan is no exception. The government of Pakistan collects taxes through various means, including direct and indirect taxes. Federal […]
10 Things You Need to Know About Excise Duty in Pakistan
If you are doing business in Pakistan, you need to understand the country’s excise duty rates. Excise duty is a tax on goods produced or sold within the country. The […]
10 Things You Need to Know About Corporate Taxes in Pakistan
Taxes are a necessary part of any society, and Pakistan is no exception. The government of Pakistan uses taxes to fund a variety of public services, including education, healthcare, and […]
10 Tax Exemptions and Deductions You Might Be Missing Out On
Taxes are a necessary part of any society, and Pakistan is no exception. The government of Pakistan uses taxes to fund a variety of public services, including education, healthcare, and […]