Understanding Taxes on Income from Salary in Pakistan
If you earn a salary in Pakistan, you must pay income tax on your earnings. Income tax is a direct tax that is paid to the government on your income, […]
Tax Benefits for IT Companies in Pakistan: Why Registering as a Company is Recommended?
The IT sector is a growing industry in Pakistan with a lot of potential and scope. For taxation purposes, mostly the export proceeds are exempt. Whether one should register its […]
Declaring Loans in Income Tax Return in Pakistan: A Complete Guide
Income tax return filing requires individuals to declare all assets and incomes made during the particular tax year. This includes any loans received from an individual, institution, employer, or relative. […]
Understanding Withholding Tax in Pakistan: A Guide for Taxpayers
If you’re a taxpayer in Pakistan, it’s important to have a clear understanding of withholding tax. Withholding tax is a tax that is deducted at source from payments made by […]
Understanding Withholding Tax in Pakistan: How to Claim Your Refund
If you are a Pakistani, you have most likely paid withholding tax at some point without even realizing it. Withholding tax is the deduction of tax at the source, which […]
Changes in Late Filing Penalties for Income Tax Returns in Pakistan
The Finance Bill 2022 presented by the Pakistani government has brought significant changes in tax laws, including the Income Tax Ordinance 2001. One of the crucial changes introduced in the […]
A Complete Guide to Advance Tax in Pakistan
As a taxpayer in Pakistan, it is essential to have a clear understanding of the concept of advance tax and its applicability criteria. This article aims to provide an overview […]
Understanding the Federal Budget 2023’s Tax Proposals
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 […]
Tax Planning for Starting a Business in Pakistan
Starting a business in Pakistan involves several considerations, and tax planning should be a crucial one. Adhering to the country’s laws and regulations is essential to ensure proper compliance while […]
Understanding Taxation for Non-Resident Pakistanis
As a non-resident Pakistani, understanding the taxation policies in Pakistan can be quite daunting. In this article, we aim to provide a guide to taxation for foreign investors in Pakistan, […]