Permanent establishment is a crucial concept in taxation that determines the tax liabilities of foreign entities operating within a country’s jurisdiction. In Pakistan, the Income Tax Ordinance 2001 defines and […]
The federal budget 2023 has introduced several tax proposals that will impact individuals and businesses in Pakistan. In this article, we will explore some of these proposals and their potential […]
The recent changes in income tax rates for the salaried class in Pakistan have left many confused and concerned. The government had initially announced a significant relief of around Rs. […]
With the budget presentation drawing near, there are speculations about potential salary increases for government employees in Pakistan. It has been proposed that an increase of 5% to 15% may […]
If you are a taxpayer in Pakistan, you may have come across the term “tax credit” at some point. Tax credits are an important part of the income tax system, […]
Pakistan is prone to various natural disasters such as floods, earthquakes, and droughts. These disasters cause immense damage to the country’s infrastructure, economy, and social fabric. In such situations, the […]
If a taxpayer disagrees with the amount of advance tax that they have been assessed, they may appeal the assessment to the Commissioner (Appeals). The Commissioner (Appeals) will review the […]
