Purchasing property in Pakistan involves various legal and financial considerations, including advance tax on the transaction. This article focuses on Section 236K of the Income Tax Ordinance (ITO) 2001, which […]
This article explains the rules surrounding tax on profit on debt in Pakistan, as outlined by the Income Tax Ordinance, 2001. Who is affected? This tax applies to individuals (not […]
Filing taxes on time is an important responsibility of every citizen in Pakistan. It is a legal obligation that can have significant benefits in the long run. Unfortunately, many taxpayers […]
In Pakistan, navigating business regulations can be tricky, especially for small and family-owned businesses. Understanding sales tax compliance, even when there’s no business activity, is crucial. This article explains the […]
The Sales Tax Act, 1990 (STA) is a law that governs the levy and collection of sales tax in Pakistan. The STA defines an “in-active taxpayer” as a registered person […]
