What is Tax Assessment in Pakistan?
Taxation is a system of compulsory contributions to state revenue, levied by the government on people and businesses. Taxes are used to fund government spending on essential services such as […]
How to Increase Tax Awareness in Pakistan
Tax awareness is the understanding of tax laws and regulations. It is important for individuals and businesses to be tax aware in order to comply with the law and to […]
LLC Taxes in Pakistan: What You Need to Know
Assessment of Tax on Limited Liability Company Income in Pakistan A limited liability company (LLC) is a type of business entity that provides limited liability to its owners. This means […]
A Step By Step Guide for Capital Value Tax in Pakistan for Foreign Assets
Are you a Pakistani resident holding foreign assets? If so, you need to understand the Capital Value Tax (CVT) and its implications for your tax obligations. In this article, we’ll […]
10 Things You Need to Know About Sales Tax in Pakistan
Sales tax is a type of indirect tax that is levied on the sale of goods and services. The sales tax rates in Pakistan are relatively complex, and they vary […]
A Comprehensive Guide to the Different Types of Taxes in Pakistan
Introduction Taxes are a necessary part of any society. They provide the government with revenue that can be used to fund essential services such as education, healthcare, and infrastructure. In […]
Tax on Deemed Income from Immovable Property in Pakistan
The Government of Pakistan has introduced a new section in the Finance Act, 2022 which levies tax on deemed income from immovable property. This section, called Section 7E, is applicable […]
The Ultimate Guide to Choosing the Right Tax Year
A tax year is a 12-month period for which a taxpayer calculates their income and expenses for income tax purposes. The most common type of tax year is the financial […]
All the Income Tax Benefits You Need to Know as an SME in Pakistan
Small and medium enterprises (SMEs) play a vital role in the Pakistani economy. They account for over 90% of all businesses in Pakistan and employ over 80% of the workforce. […]
What You Need to Know About In-Active Sales Taxpayers in Pakistan
The Sales Tax Act, 1990 (STA) is a law that governs the levy and collection of sales tax in Pakistan. The STA defines an “in-active taxpayer” as a registered person […]