How to Increase Effectiveness of Tax Laws in Pakistan?
Tax laws play a crucial role in any country’s economic development and sustainability. In Pakistan, an emerging economy with a growing tax base, the effective enforcement of tax laws is […]
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 […]
The Reduced Rate of Sales Tax: A Guide for Businesses
The Sales Tax Act, 1990, is a law that governs the taxation of goods and services in Pakistan. The Act provides for the imposition of sales tax at a rate […]
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 Government of Pakistan Funds Your Daily Life
Taxes are an essential source of revenue for any government, and Pakistan is no exception. Taxes are collected by the government to fund public services, infrastructure, and other expenses that […]
All You Need to Know About Taxes in Pakistan
As a Pakistani citizen, taxes are an essential part of your financial responsibilities. Understanding how taxes work in Pakistan can help you make informed decisions about your finances. In this […]
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 […]
What is the Penalty for Not Filing Your Sales Tax Return?
The Sales Tax Act, 1990, is a law that governs the taxation of goods and services in Pakistan. The Act provides for the imposition of sales tax at a rate […]