Taxes are a crucial aspect of any country’s economy, and Pakistan is no exception. The government of Pakistan collects taxes in the form of direct and indirect taxes. Direct taxes […]
Depreciation is an essential concept in accounting that refers to the reduction in the recorded cost of fixed assets over time. In Pakistan, depreciation rates are determined by the Income […]
The Federal Board of Revenue (FBR) has taken various measures to facilitate taxpayers in Pakistan during 2021-2022. These measures aim to create an enabling and accessible environment for taxpayers and […]
If you’re looking to trade goods in Pakistan, you’ll need to obtain an import/export license. This license ensures that the goods you plan to import or export comply with local […]
Limited Liability Partnership (LLP)Act 2017 introduced that Securities and exchange commission of Pakistan can incorporate another LLP in addition to the Companies. Now for the taxation point of view how […]
Depreciation is a tax-deductible expense that allows businesses to account for the wear and tear on their assets over time. In Pakistan, businesses can calculate depreciation for tax purposes using […]
Pakistan is a country with a growing economy and immense investment potential. With a population of over 200 million people, a young workforce, and strategic geographical location, Pakistan offers numerous […]
Taxation and sustainability are two concepts that are intricately linked. The tax system of any country plays a crucial role in ensuring sustainable development. Sustainable development, in turn, is important […]
Pakistan’s economy is dominated by the informal sector, which accounts for a significant portion of economic activity in the country. The informal sector includes activities that are not regulated or […]
Value Added Tax (VAT), also known as sales tax in Pakistan, plays a crucial role in the country’s tax system. This guide delves into the intricacies of VAT, explaining its […]
