What Are the Penalties for Tax Evasion in Pakistan?
The Income Tax Ordinance 2001 (ITO) is the primary law governing taxation in Pakistan. It sets out the rates of tax, the types of income that are taxable, and the […]
How People in Pakistan Avoid Paying Taxes: 7 Sneaky Tricks to Know
Tax evasion is a prevalent issue in Pakistan, with many people attempting to avoid paying taxes. According to a report, Pakistan loses up to PKR 5.5 trillion in revenue every […]
What is the Penalty for Not Filing Your Sales Tax Return?
The Sales Tax Act, 1990, is a law that governs the taxation of goods and services in Pakistan. The Act provides for the imposition of sales tax at a rate […]
Tax Evasion in Pakistan: What Are the Penalties?
Introduction Tax evasion is the intentional non-payment or underpayment of taxes owed to the government. It is a serious crime that can result in significant penalties, including fines, imprisonment, and […]
Penalties and Fines on Late Filing of Tax Returns in Pakistan
Paying taxes is an essential responsibility for all citizens who earn an income. Taxes are a way of contributing to the functioning of society and the government, and they help […]
What is the Deadline for Filing Income Tax Returns in Pakistan?
Filing income tax returns in Pakistan is a mandatory requirement for various entities, but deadlines can vary depending on your category. This guide clarifies important dates for individuals, companies, and […]
Gift Income Taxation in Pakistan: A Guide for Pakistanis
Gifts are a common way of expressing love and affection among Pakistanis. However, many people are unaware of the tax implications of gift income. In this article, we will discuss […]
How to Check Misuse of Your CNIC for Tax Purposes in Pakistan
The misuse of CNIC for tax purposes is a significant issue in Pakistan. Every taxpayer should be aware of the potential misuse of their CNIC and take steps to prevent […]
Understanding Income Tax Notices from the Federal Board of Revenue in Pakistan
As a Pakistani taxpayer, receiving a notice from the Federal Board of Revenue (FBR) can be overwhelming and intimidating. However, it is crucial to understand why these notices are issued […]
Reporting Tax Fraud is a Civic Duty. Here’s How to Do It
Tax fraud is a serious crime that can have a significant impact on the economy. It is important to report tax fraud to the authorities so that they can investigate […]