The Federal Board of Revenue (FBR) has implemented a new tax regime targeting high-end shops under Tajir Dost Scheme in major cities across Pakistan. This policy involves fixed monthly tax […]
The Sindh government has introduced a conditional sales tax exemption for beauty parlors and clinics, bringing some relief to smaller businesses in the industry. The Sindh Revenue Board (SRB) has […]
The Finance Act 2024 introduces adjustments to the tax structure for professional firms in Pakistan. Here’s a breakdown of the changes: Previously Existing Tax Rate: Prior to the Finance Act, […]
The Federal Board of Revenue (FBR) has implemented a revised tax system for exporters of goods, replacing the previous final tax regime. This article unpacks the key changes and their […]
Learn all about rental income tax in Pakistan for 2024-25. Explore tax slabs, deductions, savings tips, and a calculator to maximize benefits and minimize liability.
The Pakistani government has consistently revised income tax rates for salaried individuals over the years, reflecting its evolving fiscal strategies. The Finance Act 2024, effective from July 1, 2024, introduced higher tax burdens for many income brackets, marking a significant shift in taxation policies compared to prior years.
Super Tax vs. Surcharge: Super tax: This is an existing tax levied on very high income earners in Pakistan. It kicks in for incomes exceeding Rs. 150 million. Surcharge: This […]
The Pakistani tax system incorporates a concept called “minimum tax,” which applies to certain businesses and individuals regardless of their actual taxable income. This article explains who is subject to […]
This article explains the two main taxes levied on agriculture in Khyber Pakhtunkhwa (KPK), Pakistan: Agricultural Income Tax and Land Tax. It’s important to remember that income tax on agriculture […]
A Quick Guide for (Filers vs. Non-Filers) Owning a car in Pakistan comes with annual token taxes, but the amount you pay depends on your car’s engine capacity and your […]
