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.
The Sales Tax Act, 1990, outlines specific restrictions on the input tax credit that registered persons can claim. This article provides a comprehensive overview of these restrictions and their implications […]
Timely Tax Filing : A Guide to Avoiding Penalties Filing income tax returns on time is a crucial obligation for all taxpayers in Pakistan. The Income Tax Ordinance 2001 mandates […]
The Federal Board of Revenue (FBR) has issued Income Tax Circular No. 1 of 2024-25, detailing significant changes introduced under the Finance Act 2024. Key Changes: 100% Tax Credit: Entities […]
The Punjab Revenue Authority (PRA) has announced that all withholding agents in Punjab, Pakistan, are now considered “collecting agents” for sales tax purposes. This means they are responsible for collecting […]
FBR Clarifies Controversial Sales Tax Regulation (SRO 350): Addressing Taxpayer Concerns The Federal Board of Revenue (FBR) has issued a new Statutory Regulatory Order (SRO) 350(I)/2024, which introduces changes to […]
The Federal Board of Revenue (FBR) maintains a crucial database called the Active Taxpayer List (ATL). This article explains the different types of ATLs and their significance. What is the […]
The Finance Act (FA) 2024 brings welcome news for businesses and residents in the former Federally Administered Tribal Areas (FATA) regions of Pakistan. The Act extends existing sales tax exemptions, […]
The Federal Board of Revenue (FBR) has implemented a revised tax system for exporters of goods, replacing the previous final tax regime. This article unpacks the key changes and their […]
The Federal Board of Revenue (FBR) has made adjustments to the process of obtaining tax withholding exemption certificates. Here’s a breakdown of the key changes: No Change for Non-Profit Organizations […]
Tenth Schedule Explains the rules for Tax Rates for persons not appearing on ATL Rules for Persons Not Appearing in the Active Taxpayers’ List The Process for Withholding Agents: Here’s […]
