Filing Income Tax and Sales Tax Returns in AJK
This article outlines the process for filing income tax and sales tax returns with a specific look at the current filing methods in Azad Jammu & Kashmir (AJK). Types of […]
Withholding Tax vs. Advance Tax in Pakistan: Understanding the Difference
In Pakistan’s income tax system, you might encounter two terms: withholding tax and advance tax. While they both involve tax deductions, there are key differences: Withholding Tax: Definition: Tax deducted […]
Minimizing Tax Liability: A Strategic Approach for Businesses
This article explores strategies businesses can use to minimize their tax liability through effective planning. Understanding Minimum Tax, Unabsorbed Depreciation & Brought Forward Losses: These concepts are crucial for tax […]
Avoid Bank Account Trouble! FBR Rule for Taxpayers Leaving Pakistan
This article explains an important rule for Pakistani taxpayers planning to leave the country. Key Rule: Section 145 of the Income Tax Ordinance requires residents leaving Pakistan to inform the […]
Beware of Sales Tax Audits in Sindh SRB & How to Ace Audit
This article explains the audit process for Sindh Revenue Board (SRB). Who Can Conduct Audits? An authorized officer of the Sindh Revenue Board (SRB), with a minimum rank of Assistant […]
FBR Announces New Guidelines for Sales Tax Time Extensions
Federal Board of Revenue (FBR) has issued a new Standard Operating Procedure (SOP) to simplify the process of requesting time extensions under the Sales Tax Act. This move aims to […]
Understanding Your Active Taxpayer Status
Navigating the world of taxes can be complex, and understanding your “Active Taxpayer” status in Pakistan is a crucial aspect of compliance. This article aims to demystify this concept and […]
Understanding Your Rights: A Guide to Taxpayer Rights and Protections
Paying taxes is a fundamental responsibility for citizens in Pakistan. However, alongside this responsibility comes a set of rights that ensure fair and transparent treatment by the Federal Board of […]
First-Time Tax Return: 5 Crucial Steps for a Smooth Filing Experience
Filing your tax return for the first time can be daunting, but understanding the key steps can make it much easier. Here are five crucial things to remember: 1. Verify […]
Decode Pakistan’s Sales Tax Rates and Stay Compliant
Understanding Pakistan’s sales tax system can be daunting, especially with its various authorities and rates. This article aims to simplify it for you, outlining the key aspects and answering your […]