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 […]
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 […]
As a registered sales taxpayer in Pakistan, it is crucial to ensure that you file your sales tax returns on time. Failure to do so can result in suspension of […]
Taxation in Pakistan is a complex system with various assessments, processes, and procedures. Two of the most important assessments used by the Federal Board of Revenue (FBR) are the Normal […]
If you are running a business in Pakistan, you must pay attention to the country’s customs duty rates. Customs duty is a tax levied on goods that are imported into […]
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 […]
Introduction Tax evasion is the intentional non-payment or underpayment of taxes owed to the government. It is a serious crime that can result in significant penalties, including fines, imprisonment, and […]
Excise duty is a form of tax imposed on specific goods that are manufactured, imported or exported within a country. In Pakistan, excise duty is one of the most important […]
Starting a small business in Pakistan can be an exciting and rewarding venture. However, navigating the complex tax laws can be a daunting task for business owners. Understanding the tax […]
In Pakistan, many people lack knowledge about business laws and regulations, which can make complying with them challenging. Small and medium-sized enterprises, especially those run by family members, often lack […]
