Understanding Third Schedule Goods in Pakistan
When it comes to taxation in Pakistan, it is important to understand the concept of third schedule goods. These are also known as Maximum Retail Price (MRP) goods and include […]
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How Accountability in Tax Administration Can Benefit Pakistan
Taxation is an essential part of any government’s revenue stream. In Pakistan, taxes are used to fund a wide range of government services, including education, healthcare, infrastructure, and security. However, […]
A Guide to Taxation of IT and IT Enabled Services in Pakistan
Pakistan’s IT industry has seen significant growth in recent years, and the government has introduced various tax incentives to support the industry’s expansion. Until recently, IT and IT-enabled services were […]
Understanding Tax Appeals in Pakistan
Tax appeals are a crucial aspect of the taxation system in Pakistan. They provide an opportunity for taxpayers to challenge the decision of the Inland Revenue authorities and defend themselves […]
Understanding the Tax System in Pakistan for Businesses and Individuals
Pakistan has a comprehensive tax system that businesses and individuals should understand before expanding or earning income in the country. In this article, we will discuss the three main types […]
Key Tax Deadlines in Pakistan Every Taxpayer Should Keep in Mind
As a taxpayer in Pakistan, it’s important to stay informed about the various tax deadlines throughout the year to avoid penalties and ensure timely compliance with tax laws. Here are […]
Understanding Income Tax Notices from the Federal Board of Revenue in Pakistan
As a Pakistani taxpayer, receiving a notice from the Federal Board of Revenue (FBR) can be overwhelming and intimidating. However, it is crucial to understand why these notices are issued […]
Understanding Filing Requirements in Pakistan’s Income Tax System
Income tax is an important source of revenue for the government of Pakistan. In order to ensure that taxes are collected effectively, the Federal Board of Revenue (FBR) has established […]
The Importance of Filing Income Tax Returns in Pakistan
Filing income tax returns is an essential obligation for citizens in Pakistan. Despite its importance, many individuals tend to neglect this responsibility due to lack of knowledge or fear of […]
Understanding Taxation on Gratuity and Pension in Pakistan
Navigating the Maze: A Comprehensive Guide to the Second Schedule Exemptions and Tax Concessions in Pakistan The Second Schedule of the Income Tax Ordinance, 2001, plays a crucial role in […]