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 […]
How to Protect Your Taxpayer Rights in Pakistan
As a taxpayer in Pakistan, you have certain rights. These rights are guaranteed by the law and should be respected by the tax authorities. Some of the most important taxpayer […]
How to Claim Exemption from Withholding Tax in Pakistan?
Withholding taxes are taxes that are deducted from payments made to individuals or businesses by another party. In Pakistan, there are a number of exemptions from withholding taxes. Company can […]
Tax Solutions in Pakistan: A Comprehensive Guide for Taxpayers
Understanding the tax system in Pakistan can be challenging, especially for those who are new to the workforce or starting their own business. However, with the right knowledge and guidance, […]
Report or Face Penalties: FBR’s new Measures Against Suspicious Transactions
The FBR is the AML/CFT regulatory authority in respect of its reporting entities, which include real estate agents, jewelers, dealers in precious metals and precious stones, and accountants who are […]
New Advance Tax on Air Ticket Purchases in Pakistan
The Federal Board of Revenue (FBR) has recently introduced a new Advance Tax on air ticket purchases through the Finance Supplementary Bill 2023. This tax has been implemented to generate […]
How to Claim Input Tax in a Goods and Services Contract in Pakistan
If you are a Pakistani business owner or taxpayer, you may have faced the challenge of claiming input tax in a goods and services contract. In Pakistan, goods are taxed […]
Re-Introduction of Tax on Withdrawals from Cash and Banking Transactions in Pakistan
The Pakistani government has recently announced its decision to re-introduce the tax on withdrawals from cash and banking transactions. The tax was previously abolished to ease the tax burden on […]
How to Check Misuse of Your CNIC for Tax Purposes in Pakistan
The misuse of CNIC for tax purposes is a significant issue in Pakistan. Every taxpayer should be aware of the potential misuse of their CNIC and take steps to prevent […]
A Comprehensive Guide to Filing Income Tax Return for Stock Market Investors in Pakistan
If you are a stock market investor in Pakistan, it’s essential to know the tax implications of your investments. Under the Finance Act 2023, every taxpayer is obligated to declare […]