______ Tax Incentives & Credits for Investors in Pakistan Investing in Pakistan’s economic landscape offers lucrative opportunities, and the government has introduced a range of tax incentives to attract investors. Investing in Pakistan’s economic...
______ Federal Excise Duty In accordance with Section 3 of the Federal Excise Act, specified goods and services are subject to the Federal Excise Duty (FED) at a general rate of 15%. Federal Excise Duty- An overview In accordance with Section 3 of the Federal Excise...
______ Benami Legislation in Pakistan In a significant move to tackle the burgeoning parallel economy, Pakistan enacted the Pakistan Benami Transactions (Prohibition) Act in 2017 Benami Legislation Curbing Parallel Economy In a significant move to tackle the...
Common Tax Mistakes Made by Businesses in Pakistan and How to Avoid Them Navigating the complexities of business taxation is a significant challenge for companies. The Income Tax Ordinance, 2001, serves as a critical legislative framework for taxation in...
How to File Your Income Tax Return in Pakistan: A Complete Guide with Reference to the Income Tax Ordinance, 2001 Filing an income tax return is an essential responsibility for every taxpayer in Pakistan. It is not only a legal obligation but also a vital step toward...
How to Prepare for a Tax Audit in Pakistan: A Comprehensive Guide Tax audits are an essential aspect of Pakistan’s taxation system. Governed by the Income Tax Ordinance, 2001, these audits ensure compliance, detect discrepancies, and improve the tax base. If...
