Here are the tax rates for various services for Tax Year 2025, impacting businesses across diverse sectors. This article provides a comprehensive breakdown of these changes, highlighting categories with lower […]
The Appellate Tribunal Inland Revenue (ATIR), Islamabad, has ruled that under Pakistan’s tax treaties with the United Arab Emirates (UAE) and the United Kingdom (UK), rental income and capital gains […]
In recent developments, the Federal Board of Revenue (FBR) has started issuing notices regarding advance tax payments to individuals, businesses, and associations of persons (AOPs). This includes notices for advance […]
Whether your company is engaged in trading, manufacturing, or services, the process of tax filing remains similar. There are three key types of tax to consider: Normal Tax: Calculated at […]
Azad Jammu and Kashmir (AJK) imposes sales tax on a variety of services, as outlined by The Azad Jammu and Kashmir Sales Tax (Tax on Services) Act, 2001. The tax […]
Adjustable Income Tax is an advance tax paid during the year that can be adjusted against your final tax liability when filing your annual income tax return. This category includes […]
Capital Value Tax (CVT) is a federal tax levied on the purchase of motor vehicles in Pakistan. It’s a one-time tax calculated based on the engine capacity or value of the vehicle.
Tax exemption certificates are critical documents issued by the Federal Board of Revenue (FBR) in Pakistan that allow certain taxpayers to benefit from reduced tax rates or complete exemption from […]
The Sindh Infrastructure Cess/Tax is a significant levy applied to goods entering the province of Sindh from outside Pakistan. This tax, governed by the Excise, Taxation, and Narcotics Control Department, […]
Professional tax is a form of taxation levied on individuals and entities engaged in various trades, professions, or businesses. Governed under the Sindh Finance Act, 1964, it serves as a […]
