How to Address the Problem of Tax Avoidance in Pakistan
Tax avoidance is the legal use of loopholes in the tax code to reduce one’s tax liability. Tax evasion, on the other hand, is the illegal use of methods to […]
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 […]
What is Profit on Debt?
When it comes to tax purposes, understanding the concept of profit on debt is essential for individuals and businesses alike. In this informative blog post, we will delve into the […]
Different Types of Tax Frauds in Pakistan
Tax fraud is a serious crime that can have a significant impact on the economy. It can also lead to financial penalties and even imprisonment for those who are caught. […]
Here Are the Top Reasons Why You Might Be Audited
Tax audits are a necessary part of the tax system in any country. They help to ensure that taxpayers are paying the correct amount of tax and that they are […]
What Are the Penalties for Tax Evasion in Pakistan?
The Income Tax Ordinance 2001 (ITO) is the primary law governing taxation in Pakistan. It sets out the rates of tax, the types of income that are taxable, and the […]
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 […]
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 […]
The Challenges and Successes of Local Tax Collection in Pakistan
Tax collection is a critical function of any government. It is the primary source of revenue for the government, which is used to fund public services such as education, healthcare, […]