This category provides foundational knowledge about taxation in Pakistan. It covers essential topics such as tax laws, regulations, and filing procedures. You’ll find valuable information on tax forms, deadlines, and rates, along with essential tips for accurate and timely tax compliance.
Tax planning is an essential aspect of managing a business, especially when it comes to adjusting business losses, tax depreciation losses, and minimum credit to minimize tax liabilities effectively. These […]
The Federal Board of Revenue (FBR) has taken a significant step towards streamlining the tax filing process by introducing the Single Sales Tax Return (SSTR). This innovative initiative aims to […]
Entertainment expenses are governed by Section 21 of the Income Tax Ordinance, 2001, and the associated rules under the Income Tax Rules, 2002. The rules outline when such expenses are […]
The Tax Laws (Amendment) Bill 2024 introduces a significant change by granting the FBR the power to restrict bank account operations of individuals who fail to comply with tax obligations. […]
The Federal Board of Revenue (FBR) has introduced significant amendments to the Sales Tax Act, with a new bill that proposes redefining the rules for input tax adjustments. These changes […]
The recently passed Tax Laws (Amendment) Bill 2024 has introduced a significant paradigm shift in tax compliance by introducing the concept of “eligible persons.” This new framework aims to curb […]
Frequently Asked Questions about Single Sales Tax Return (SSTR) How is SSTR different from the legacy returns filed with different authorities/jurisdictions? The SSTR provides a unified platform for taxpayers to […]
The Tax Laws (Amendment) Bill 2024 introduces a new requirement for individuals and entities to declare the sources of funds for significant transactions. This measure aims to curb illicit financial […]
The Tax Laws (Amendment) Bill 2024 introduces transformative changes aimed at regulating economic transactions and enhancing tax compliance. Among its significant inclusions is Section 114C, titled “Restriction on Economic Transactions […]
Tax Laws (Amendment) Bill 2024 introduces significant changes to the legislative framework governing tax administration in the country. Among the proposed amendments, the inclusion of Section 32B focuses on enhancing […]
