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.
Pakistan Single Window is defined as ” means an information and communication technology based facility that allows persons or entities involved in trade and transport to lodge standardized information and […]
Claiming input tax credits (ITC) is crucial for businesses in Pakistan to manage their tax liabilities effectively. However, understanding the limitations and regulations surrounding ITC eligibility can be challenging. This […]
In Pakistan, the share of income tax in overall tax collection has been declining, highlighting the imbalance of direct and indirect taxes. This has pushed millions of Pakistanis below the […]
As a registered person under the Sales Tax Act, 1990, you might be eligible for a refund of excess input tax paid. This article provides a clear understanding of the […]
As a taxpayer in Pakistan, it is essential to have a clear understanding of the concept of advance tax and its applicability criteria. This article aims to provide an overview […]
The Federal Board of Revenue (FBR) has decided to remove non-filers from the Active Taxpayer List (ATL). The decision comes as a part of the FBR’s effort to increase tax […]
Withholding taxes, also known as retention taxes, are an important aspect of the taxation system in Pakistan. As a taxpayer, it is important to understand what withholding taxes are and […]
The Income Tax Ordinance, 2001 (ITO) is the primary legislation governing income tax in Pakistan. It was enacted by the Parliament of Pakistan on 17th June, 2001 and came into […]
There are a number of reasons why tax literacy is important. First, it helps taxpayers to comply with tax laws. When taxpayers understand their tax obligations, they are more likely […]
The service sector is a major contributor to the Pakistani economy, accounting for over 50% of GDP. As such, it is important for businesses in the service sector to understand […]
