This category provides foundational knowledge about taxation in Pakistan. It covers essential topics such as tax laws, regulations, and filing procedures. You’ll find valuable information on tax forms, deadlines, and rates, along with essential tips for accurate and timely tax compliance.
Taxation is an essential part of any government’s revenue stream. In Pakistan, taxes are used to fund a wide range of government services, including education, healthcare, infrastructure, and security. However, […]
Taxation is a necessary evil. It is a way for governments to raise revenue to fund public services and infrastructure. However, taxation can also be a source of corruption and […]
As efforts against money laundering intensify, the concept of Ultimate Beneficial Ownership (UBO) has gained significant importance. In Pakistan, the government has taken several steps to ensure that companies operating […]
The Finance Bill 2022 has introduced several positive measures, such as progressive taxation, poverty alleviation tax, and deemed income tax on immovable property, among others. However, it also has some […]
As a responsible citizen, paying taxes is our legal obligation towards our country. Every year, the Federal Board of Revenue (FBR) selects a number of tax cases for audit. The […]
Pakistan Single Window (PSW) is a newly launched trade system in Pakistan that has been inaugurated to facilitate trade and transport. The system aims to provide a single entry point […]
If you are a taxpayer in Pakistan, you may have heard about advance tax. Advance tax is a type of tax that taxpayers pay in advance on a quarterly basis. […]
Income from Other Sources is a term used to describe any income that is not taxable under any other head of income. These incomes are taxed separately under the Income […]
Pakistan is a country with a high poverty rate, and the government has implemented several measures to alleviate poverty. One of the most effective measures is through taxation. Taxation plays […]
Pakistan has a federal system of government, with power divided between the federal government and four provincial governments. Each province has the power to levy and collect taxes under the […]
