Income Tax Rates for Tax Year 2024
FOR THE TAX YEAR – 2024 Tax Rates for Non-Salaried Individual / AOPs [Division I, Part I of the First Schedule] Upto Rs. 600,000 0% Rs. 600,000 to Rs. 800,000 […]
FOR THE TAX YEAR – 2024 Tax Rates for Non-Salaried Individual / AOPs [Division I, Part I of the First Schedule] Upto Rs. 600,000 0% Rs. 600,000 to Rs. 800,000 […]
IRIS stands for Integrated Revenue Information System. It is the FBR’s online tax filing system. IRIS was launched in 2006 and has been used by millions of taxpayers to file […]
The Federal Board of Revenue (FBR) is the apex tax administration body in Pakistan. It is responsible for collecting taxes and enforcing tax laws. The FBR maintains a vast amount […]
Understanding withholding tax and advance tax is crucial for taxpayers in Pakistan. Here’s a breakdown of both concepts and how they differ: Withholding Tax: Definition: Tax deducted at the source […]
If you are a Pakistani, you have most likely paid withholding tax at some point without even realizing it. Withholding tax is the deduction of tax at the source, which […]
The Federal Board of Revenue (FBR) is the central revenue collection agency of Pakistan. It is responsible for administering the country’s tax laws, collecting taxes from individuals and businesses, and […]
Obtaining a National Tax Number (NTN) is crucial for individuals in Pakistan who earn income from various sources, including businesses, salaries, properties, and more. Fortunately, the Federal Board of Revenue […]
This news directly impacts Tier-I Retailers in Pakistan who have been juggling their sales tax responsibilities. On December 21st, 2023, the Federal Board of Revenue (FBR) issued a notification amending […]
The Threat: Scammers are lurking online, trying to steal your personal and financial information through sneaky tactics called phishing. They craft emails disguised as legitimate companies, often FBR, to trick […]
Understanding the tax audit process is crucial for any business operating in Pakistan. This guide simplifies the key steps and procedures involved, empowering you to navigate the system with confidence. […]