Retailers who doesn’t Need to Register for Sales Tax
As a Pakistani retailer, it is important to understand the distinction between Tier I and Tier II retailers when it comes to sales tax. Tier I retailers are bound to […]
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A Guide to Understanding Property Taxes in Pakistan
When it comes to owning a property in Pakistan, it is essential to understand the different types of taxes that are applicable. From Capital Gain Tax to Deemed Rental Income […]
Essential Tax Documents for Individuals Filing Tax Returns in Pakistan
Tax season in Pakistan can be daunting for individuals, especially those who are filing their income tax returns for the first time. Along with understanding tax laws and regulations, individuals […]
Types of Tax Notices by Federal Bard of Revenue
The Federal Board of Revenue (FBR) is responsible for collecting taxes and ensuring compliance with tax laws in Pakistan. One of its key functions is to issue notices to individuals […]
Understanding Resident Status for Taxation in Pakistan
When it comes to taxation in Pakistan, understanding one’s resident status is crucial. Resident individuals are taxed on their worldwide income, while non-resident individuals are taxed only on their Pakistan-sourced […]
A Guide to Pakistan Single Window Subscription
Pakistan Single Window is defined as ” means an information and communication technology based facility that allows persons or entities involved in trade and transport to lodge standardized information and […]
Complexities of Input Tax Credits in Pakistan
Claiming input tax credits (ITC) is crucial for businesses in Pakistan to manage their tax liabilities effectively. However, understanding the limitations and regulations surrounding ITC eligibility can be challenging. This […]
The Imbalance of Direct and Indirect Taxes in Pakistan
In Pakistan, the share of income tax in overall tax collection has been declining, highlighting the imbalance of direct and indirect taxes. This has pushed millions of Pakistanis below the […]
Understanding Input Tax Refunds for Sales Tax
As a registered person under the Sales Tax Act, 1990, you might be eligible for a refund of excess input tax paid. This article provides a clear understanding of the […]
A Complete Guide to Advance Tax in Pakistan
As a taxpayer in Pakistan, it is essential to have a clear understanding of the concept of advance tax and its applicability criteria. This article aims to provide an overview […]