The Easy Way to Register a Partnership Firm in Pakistan
A partnership firm is a business entity that is owned and operated by two or more partners. The partners share the profits and losses of the business. A partnership firm […]
The Ultimate Guide to Zero-Rated Supplies and Exempt Supplies
Sales tax is a tax that is levied on the sale of goods and services. In Pakistan, sales tax is levied at a rate of 17%. However, there are some […]
The Benefits and Drawbacks of Minimum Tax in Pakistan
Minimum tax is a type of tax that is imposed on businesses and individuals who do not pay enough tax under the regular tax system. The minimum tax is designed […]
How to Declare Rental Income on Your Taxes in Pakistan
As a landlord in Pakistan, you are required to pay taxes on your rental income. Failing to declare your rental income can lead to legal issues and penalties. Therefore, it […]
Salary Tax Slabs in Pakistan for Tax Year 2023
The Federal Board of Revenue (FBR) has announced the new salary tax slabs for the tax year 2024, effective from July 1, 2022, to June 30, 2023. This article provides […]
Understanding the Impact of Property Taxes in Pakistan
The property sector in Pakistan has been booming for years, with investors earning substantial profits from buying and selling real estate. However, in 2022, the government implemented a series of […]
Sales Tax on Retail Prices and Third Schedule Items
Sales tax is a tax that is levied on the sale of goods and services. In Pakistan, sales tax is levied at a rate of 18%. However, there are some […]
How to Carry Forward Losses in Pakistan for New Businesses and Startups
Starting a new business or a startup requires significant investments and expenses. Despite the best efforts of entrepreneurs, sometimes these businesses incur losses in the initial years. However, the tax […]
How to Make Tax Filing Easier in Pakistan
Paying taxes is an essential part of contributing to the growth of the economy. The federal board of revenue (FBR) in Pakistan is constantly looking for ways to increase the […]
A Guide to Paying Taxes in Pakistan
Paying taxes is an essential responsibility of every citizen. In Pakistan, the Federal Board of Revenue (FBR) is responsible for collecting taxes from individuals and businesses. In this digital age, […]