Capital gains tax is a levy imposed on profits generated from the sale of capital assets. In Pakistan, capital gains tax applies to various assets, including stocks, real estate (with […]
If your employer provides you with a vehicle for work or personal use, it can impact your taxable income in Pakistan. Here’s a breakdown of how the tax is calculated: […]
Every year, salaried individuals in Pakistan need to file their income tax returns. A crucial document required for this process is the Employer’s Deduction Certificate, also known as Employer’s Certificate […]
The Income Tax Ordinance, 2001 (ITO 2001) outlines various scenarios where individuals or entities might be exempt from paying income tax in Pakistan. This article explores some key exemptions: Diplomatic […]
Unblock Your SIM After Tax Return Filing: A Guide for Non-Filers Many non-filers in Pakistan recently had their mobile SIM cards blocked by the Federal Board of Revenue (FBR) for […]
In Pakistan, profit earned on debt instruments like bonds or bank deposits typically gets taxed. But wait! There’s good news for foreign investors and returning Pakistanis considering debt investments. The […]
Gratuity, a one-time payment received by an employee upon retirement, resignation, or death, is a significant financial benefit. However, when it comes to taxes in Pakistan, gratuity treatment can be […]
The Pakistani tax system can seem complex, but understanding different tax types and their implications can empower you to manage your tax liabilities effectively. This article focuses on a specific […]
The Deemed Rental Income Tax (Section 7E) of the Income Tax Ordinance, 2001, applies to a broad range of immovable properties in Pakistan. However, several categories of individuals and properties […]
The Federal Board of Revenue (FBR) of Pakistan plays a crucial role in regulating and collecting taxes. In recent times, they’ve emphasized the importance of transparency in financial transactions, particularly […]
