Gift Income Taxation in Pakistan: A Guide for Pakistanis
Gifts are a common way of expressing love and affection among Pakistanis. However, many people are unaware of the tax implications of gift income. In this article, we will discuss […]
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Importance of Chamber of Commerce and Industry Registration for Businesses in Pakistan
If you’re running a business in Pakistan, it’s essential to understand the importance of Chamber of Commerce and Industry registration. In this article, we’ll explore the benefits of registration, the […]
Understanding Chamber of Commerce Registration in Pakistan
The Chamber of Commerce is an organization that represents the interests of the business community in Pakistan. It is established under the Trade Organization Ordinance 2007, which aims to promote […]
Understanding Tax Exemption on Profit on Debt for Non-Residents in Pakistan
As a non-resident earning income from profit on debt in Pakistan, it is important to understand the tax laws and exemptions available to you. The Income Tax Ordinance 2001 provides […]
How to Avoid Tax Notices from Federal Board of Revenue in Pakistan
The FBR has set up criteria for the selection of audit cases, and while certain notices might be received by taxpayers from time to time, there are certain key mistakes […]
Tax Benefits for IT Companies in Pakistan: Why Registering as a Company is Recommended?
The IT sector is a growing industry in Pakistan with a lot of potential and scope. For taxation purposes, mostly the export proceeds are exempt. Whether one should register its […]
How to Check Misuse of Your CNIC for Tax Purposes in Pakistan
The misuse of CNIC for tax purposes is a significant issue in Pakistan. Every taxpayer should be aware of the potential misuse of their CNIC and take steps to prevent […]
A Guide to Income Tax Return Filing in Pakistan
Filing income tax returns is a crucial obligation for individuals, businesses, and associations of persons in Pakistan. The deadline for filing returns is September 30th each year, and the consequences […]
Sales Tax Deregistration in Pakistan: New Rules Provide Relief for Taxpayers
The Sales Tax system in Pakistan can be complex and cumbersome, especially for small business owners. However, the recent amendment to the Sales Tax Rules 2006, via S.R.O numbered 51(I)/2022, […]
Exceptions to Advance Tax under Section 147 of Income Tax Ordinance
Section 147 of the Income Tax Ordinance requires taxpayers in Pakistan to pay advance tax. However, there are certain exceptions to this rule. Let’s explore the circumstances where taxpayers are […]