The Imbalance of Direct and Indirect Taxes in Pakistan
In Pakistan, the share of income tax in overall tax collection has been declining, highlighting the imbalance of direct and indirect taxes. This has pushed millions of Pakistanis below the […]
Understanding Input Tax Refunds for Sales Tax
As a registered person under the Sales Tax Act, 1990, you might be eligible for a refund of excess input tax paid. This article provides a clear understanding of 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 […]
FBR to Remove Non-Filers from Active Taxpayer List (ATL)
The Federal Board of Revenue (FBR) has decided to remove non-filers from the Active Taxpayer List (ATL). The decision comes as a part of the FBR’s effort to increase tax […]
What is Withholding Tax in Pakistan : Comprehensive Information
Withholding taxes, also known as retention taxes, are an important aspect of the taxation system in Pakistan. As a taxpayer, it is important to understand what withholding taxes are and […]
What is Income Tax Ordinance 2001?
The Income Tax Ordinance, 2001 (ITO) is the primary legislation governing income tax in Pakistan. It was enacted by the Parliament of Pakistan on 17th June, 2001 and came into […]
How to Improve Your Tax Literacy in Pakistan
There are a number of reasons why tax literacy is important. First, it helps taxpayers to comply with tax laws. When taxpayers understand their tax obligations, they are more likely […]
Tax Accounting for the Service Sector in Pakistan
The service sector is a major contributor to the Pakistani economy, accounting for over 50% of GDP. As such, it is important for businesses in the service sector to understand […]
How Tax Accounting Can Help Your Business in Pakistan
Tax accounting is the process of recording, summarizing, and reporting a company’s taxes. It is an essential part of financial accounting, and it plays a vital role in the smooth […]
How Double Taxation Treaties Can Help Pakistan’s Economy
Inflation is a persistent rise in the prices of goods and services over time. It can have a number of negative consequences for an economy, including: Reduced purchasing power Increased […]