A Guide to 7E (Deemed Rental Income) Exemptions
The Deemed Rental Income Tax (Section 7E) of the Income Tax Ordinance, 2001, applies to a broad range of immovable properties in Pakistan. However, several categories of individuals and properties […]
How to Adjust Advance Tax Paid for Salaried Individuals
Tax season in Pakistan can feel overwhelming, but there’s a hidden gem called “advance tax adjustments” that can significantly reduce your final tax bill. This article empowers you, the consumer, […]
Unveiling the List of Tax-Deductible Charities
In Pakistan, the government encourages charitable donation giving by offering tax credits to individuals and companies who donate to approved organizations. This article provides a comprehensive list of these approved […]
Unlocking Tax Benefits: A Guide to Tax Credits on Charitable Donations
In Pakistan, the government incentivizes charitable giving by offering tax credits to individuals and companies who donate to approved organizations. This article explains how to calculate the tax credit you […]
Welcome Back! Tax Benefits for Returning Pakistani Expatriates
Pakistan welcomes its skilled citizens back with open arms, and the tax system reflects that. This article explores the tax exemption offered to returning Pakistani expats on their foreign-source income, […]
Understanding Tax Exemption Certificates for Businesses
This article explains tax exemption certificates and how they can benefit businesses. Why are Exemption Certificates Needed? Businesses can apply for exemption certificates to avoid withholding taxes on certain transactions […]
Understanding Tax Exemption Certificate Dates to Avoid Penalties
This article explains the importance of checking validity periods on tax exemption certificates to ensure proper tax withholding and avoid penalties. Purpose of Tax Exemption Certificates: Businesses can obtain tax […]
Understanding Tax Adjustments and Rebates in Pakistan
Filing taxes isn’t just a civic duty – it can also benefit you financially! This article demystifies tax adjustments and rebates in Pakistan, helping you claim what’s rightfully yours. Understanding […]
Understanding Termination Benefits Taxation in Pakistan
Managing the Tax Bite on Termination Benefits in Pakistan Termination benefits, including golden handshake payments, can be a significant financial windfall. However, the joy of receiving a lump sum can […]
When Pension Income becomes Taxable?
This article clarifies the tax rules for pensions in Pakistan. Taxable Situations: Double Dipping: Your pension is taxable if you receive a pension and continue working (including contractual work) for […]