Taxation: A Tool for Progress in Pakistan
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 […]
How to Declare Rental Income on Your Taxes in Pakistan
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 […]
Understanding Ultimate Beneficial Ownership in Pakistan
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 […]
Understanding the Impact of Property Taxes in Pakistan
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 […]
Removal of CNIC/NTN Condition for Sales Tax Invoice
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 on Retail Prices and Third Schedule Items
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 […]
Understanding the Audit Process of Federal Board of Revenue in Pakistan
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 […]
Everything You Need to Know About Pakistan Single Window
Pakistan Single Window (PSW) is a newly launched trade system in Pakistan that has been inaugurated to facilitate trade and transport. The system aims to provide a single entry point […]
How to Carry Forward Losses in Pakistan for New Businesses and Startups
Starting a new business or a startup requires significant investments and expenses. Despite the best efforts of entrepreneurs, sometimes these businesses incur losses in the initial years. However, the tax […]
A Comprehensive Guide to Advance Tax in Pakistan
If you are a taxpayer in Pakistan, you may have heard about advance tax. Advance tax is a type of tax that taxpayers pay in advance on a quarterly basis. […]