In Pakistan, the government encourages charitable donation giving by offering tax credits to individuals and companies who donate to approved organizations. This article provides a comprehensive list of these approved […]
In Pakistan, the government incentivizes charitable giving by offering tax credits to individuals and companies who donate to approved organizations. This article explains how to calculate the tax credit you […]
Pakistan welcomes its skilled citizens back with open arms, and the tax system reflects that. This article explores the tax exemption offered to returning Pakistani expats on their foreign-source income, […]
Filing taxes isn’t just a civic duty – it can also benefit you financially! This article demystifies tax adjustments and rebates in Pakistan, helping you claim what’s rightfully yours. Understanding […]
Managing the Tax Bite on Termination Benefits in Pakistan Termination benefits, including golden handshake payments, can be a significant financial windfall. However, the joy of receiving a lump sum can […]
Renting Out Property: Understand Tax Deductions This article explains the deductions you can claim when filing taxes on rental income in Pakistan. Maximizing Tax Benefits: Reduce your tax burden by […]
In Pakistan, the government incentivizes companies to upgrade their industrial operations by offering a tax credit for investments in plant and machinery. This article explains the details of this tax […]
The Pakistani tax landscape offers various tax credits and exemptions to incentivize specific industries and activities. These measures aim to stimulate economic growth and attract investment in certain sectors. Let’s […]
Understanding stock-in-trade valuation is crucial for businesses in Pakistan, impacting income tax calculation under the “Income from Business” head. Section 35 of the Income Tax Ordinance, 2001, lays out the […]
For businesses in Pakistan accounting for income from long-term contracts, Section 36 of the Income Tax Ordinance, 2001, holds significant importance. This section introduces the percentage of completion method, a […]
