When to Deposit Withholding Tax in KPRA?
The Khyber Pakhtunkhwa Revenue Authority (KPRA) plays a vital role in collecting taxes within the province. One crucial aspect of this system is withholding tax, where a portion of the […]
Mastering Monthly Balance Sheets: A Guide for Pakistani Businesses
Maintaining accurate and up-to-date financial records is crucial for any business, especially in Pakistan’s evolving tax landscape. This article delves into the essential points to remember when creating monthly balance […]
Attention Punjab Businesses: Sales Tax Return Deadline Extended!
Update: The Punjab Revenue Authority (PRA) has extended the deadline for filing Sales Tax Returns and paying Punjab Sales Tax for the month of March, 2024. New Due Date: April […]
Rates of Capital Gains Tax in Pakistan for 2024
Understanding capital gains tax is crucial for any investor in Pakistan. This article explores the tax rates applicable in 2024 for capital gains on disposal of securities and immovable property. […]
Tax Rates of Electricity & Telephone Bills in Pakistan
Understanding utility taxes can be complex. This guide simplifies the tax structure for electricity and telephone connections in Pakistan for the 2024 tax year, empowering you to plan your bills […]
Documents Required for Approval of Superannuation Funds in Pakistan
Planning for retirement is crucial for financial security. In Pakistan, Approved Superannuation Funds (ASFs) offer a structured approach for employers to provide long-term retirement benefits to their employees. This article […]
What are the Requirements for Approved Gratuity Funds in Pakistan
In Pakistan, many companies offer gratuity schemes to their employees as a form of long-term compensation. These schemes reward employees for their loyalty and service by providing a lump sum […]
Active Taxpayer? Don’t Get Stuck Inactive: Understanding ATL Status
As an active taxpayer in Pakistan, maintaining a healthy Active Taxpayer List (ATL) status is crucial. But what triggers an ATL status to become inactive in March? This article explores […]
How to File Balance Sheet for Sales Tax Registered Business?
The Federal Board of Revenue (FBR) of Pakistan has made it mandatory for businesses to submit their balance sheets as part of their tax compliance requirements. This requirement, which came […]
Withholding of Sales Tax in SRB: Everything You Need to Know
This article delves into the The Sindh Revenue Board (SRB) withholding tax regime for services provided to government departments. This article will provide an overview of the regime, including the […]