Optimize your tax strategy and minimize your tax liability with the help of this category. Discover smart tax planning techniques, deductions, and expert advice on tax-saving opportunities. Learn how to maximize your tax refunds and minimize your tax burden.
The Sindh government has introduced a conditional sales tax exemption for beauty parlors and clinics, bringing some relief to smaller businesses in the industry. The Sindh Revenue Board (SRB) has […]
Understanding Taxes on Banking Transactions in Pakistan Taxes are applied to certain banking transactions. This article explains the main types of advance taxes you might encounter via Banking transactions: 1. […]
The Income Tax Ordinance, 2001 (ITO 2001) outlines various scenarios where individuals or entities might be exempt from paying income tax in Pakistan. This article explores some key exemptions: Diplomatic […]
In Pakistan, profit earned on debt instruments like bonds or bank deposits typically gets taxed. But wait! There’s good news for foreign investors and returning Pakistanis considering debt investments. The […]
Gratuity, a one-time payment received by an employee upon retirement, resignation, or death, is a significant financial benefit. However, when it comes to taxes in Pakistan, gratuity treatment can be […]
Pakistan Software Export Board (PSEB) offers numerous benefits to Information Technology (IT) companies that register with them. Not only do they enjoy reduced tax rates, but they can also avail […]
This article unpacks the complexities of business losses, depreciation, and minimum tax credit in Pakistan, guiding you towards maximizing tax savings. The Sequence is Key Understanding the order of adjustments […]
Understanding Capital Gains Tax and Loss Deductions In Pakistan, the sale of capital assets like property, stocks, or machinery can generate capital gains. However, the tax system also acknowledges that […]
The Pakistani tax system can seem complex, but understanding different tax types and their implications can empower you to manage your tax liabilities effectively. This article focuses on a specific […]
The Deemed Rental Income Tax (Section 7E) of the Income Tax Ordinance, 2001, applies to a broad range of immovable properties in Pakistan. However, several categories of individuals and properties […]
