The introduction of Section 7e in Pakistan’s tax has created significant confusion and uncertainty for property owners. This article delves into the five key points to remember about 7e and […]
Planning for retirement is crucial for financial security. In Pakistan, Approved Superannuation Funds (ASFs) offer a structured approach for employers to provide long-term retirement benefits to their employees. This article […]
In Pakistan, many companies offer gratuity schemes to their employees as a form of long-term compensation. These schemes reward employees for their loyalty and service by providing a lump sum […]
This article delves in deduction of tax at source on payments as per Income Tax Ordinance, 2001 made for the supply of goods and services. This is an important tool […]
The Federal Board of Revenue (FBR) of Pakistan has made it mandatory for businesses to submit their balance sheets as part of their tax compliance requirements. This requirement, which came […]
In Pakistan, government officials are required to submit an Asset Declaration form annually. This article serves as a comprehensive guide for these officials, explaining the purpose, content, and submission process […]
Attention Pakistani businesses! The Federal Board of Revenue (FBR) has issued a new regulation (SRO 428(I)/2024) mandating online integration with their tax system. This means your Point-of-Sale (POS) system needs […]
Federal Board of Revenue (FBR), has taken a significant step towards formalizing the retail sector and boosting tax collection. The newly implemented “Special Procedures for Small Traders and Shopkeepers” scheme […]
What is Draft S.R.O. 420(I)/2024? This notification, issued by the Federal Board of Revenue (FBR) of Pakistan, mandates the registration of all traders and shopkeepers in the country. Taking effect […]
Federal Board of Revenue (FBR) has introduced a new system called Synchronized Withholding Administration and Payment System (SWAPS). This initiative aims to improve efficiency and transparency in collecting withholding tax […]
