Tax planning is an essential aspect of any business, and choosing the right business registration can have a significant impact on your tax obligations. In Pakistan, deciding between a company […]
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, […]
Taxation is a necessary evil. It is a way for governments to raise revenue to fund public services and infrastructure. However, taxation can also be a source of corruption and […]
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 […]
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 a detailed explanation of these tax slabs and how they impact your taxable income.
As efforts against money laundering intensify, the concept of Ultimate Beneficial Ownership (UBO) has gained significant importance. In Pakistan, the government has taken several steps to ensure that companies operating […]
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 […]
The Finance Bill 2022 has introduced several positive measures, such as progressive taxation, poverty alleviation tax, and deemed income tax on immovable property, among others. However, it also has some […]
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 […]
As a responsible citizen, paying taxes is our legal obligation towards our country. Every year, the Federal Board of Revenue (FBR) selects a number of tax cases for audit. The […]
