The Benefits of Appealing an Advance Tax Assessment in Pakistan
What is Advance Tax? Advance tax is a type of tax that is paid in advance of the final tax liability. It is required by law for certain businesses and […]
Creating Accurate Tax Invoices in Azad Jammu and Kashmir: A Guide for Businesses
As a business owner in Azad Jammu and Kashmir (AJK), issuing proper tax invoices is crucial for both your customers and tax compliance. Here’s a breakdown of what your invoices […]
Understanding Third Schedule Goods in Pakistan
When it comes to taxation in Pakistan, it is important to understand the concept of third schedule goods. These are also known as Maximum Retail Price (MRP) goods and include […]
How Accountability in Tax Administration Can Benefit Pakistan
Taxation is an essential part of any government’s revenue stream. In Pakistan, taxes are used to fund a wide range of government services, including education, healthcare, infrastructure, and security. However, […]
A Guide to Taxation of IT and IT Enabled Services in Pakistan
Pakistan’s IT industry has seen significant growth in recent years, and the government has introduced various tax incentives to support the industry’s expansion. Until recently, IT and IT-enabled services were […]
Understanding Tax Appeals in Pakistan
Tax appeals are a crucial aspect of the taxation system in Pakistan. They provide an opportunity for taxpayers to challenge the decision of the Inland Revenue authorities and defend themselves […]
Understanding the Tax System in Pakistan for Businesses and Individuals
Pakistan has a comprehensive tax system that businesses and individuals should understand before expanding or earning income in the country. In this article, we will discuss the three main types […]
A Guide to Understanding Property Taxes in Pakistan
When it comes to owning a property in Pakistan, it is essential to understand the different types of taxes that are applicable. From Capital Gain Tax to Deemed Rental Income […]
Types of Tax Notices by Federal Bard of Revenue
The Federal Board of Revenue (FBR) is responsible for collecting taxes and ensuring compliance with tax laws in Pakistan. One of its key functions is to issue notices to individuals […]
Understanding Resident Status for Taxation in Pakistan
When it comes to taxation in Pakistan, understanding one’s resident status is crucial. Resident individuals are taxed on their worldwide income, while non-resident individuals are taxed only on their Pakistan-sourced […]