Tax

Home - Archive by category: Tax

FBR Set to Initiate Nationwide Campaign Against Tax Evasion

FBR Set to Initiate Nationwide Campaign Against Tax Evasion Sources report that the Federal Board of Revenue (FBR) in Pakistan has announced an extensive crackdown against tax evasion on a national scale. As part of this initiative, the FBR has compiled a list of approximately 11,000 individuals, most of whom belong to major cities such[...]
Read More

More than 4 Million Individuals have Filed Income Tax Returns

More than 4 Million Individuals have Filed Income Tax Returns ISLAMABAD: As per the Active Taxpayers List, the current count of individuals with submitted income tax returns exceeds 4 million, with a projected potential increase to 4.5 million. Asif S. Kasbati, a renowned tax expert and member of both the Pakistan Business Council Core Tax[...]
Read More

How to Register for Sales Tax with the Punjab Revenue Authority (PRA)

How to Register for Sales Tax with the Punjab Revenue Authority (PRA) The government has been making efforts to increase business accountability and repair Pakistan’s wayward taxation system for quite some time now. A number of steps have been taken in order to tighten the tax net and encourage more people to submit taxes to[...]
Read More

Surprisingly High Tax Payments from the Low Paid Market in Karachi

Surprisingly High Tax Payments from the Low Paid Market in Karachi Karachi’s retail and wholesale markets, which are in line with the requirements of Middle class and low-income sections, have been submitting regularly, the taxes due according to their incomes. However, despite all this, there is still a lack of basic facilities. In comparison to[...]
Read More

Step by Step Guide to File Sales Return in Pakistan

Filing Your Monthly Sales Tax Return The government of Pakistan has been making efforts to improve its tax collection capabilities in the last few years. The proper collection and usage of tax is crucial in the long-term development of a country. While tax collection systems are being worked on, there is still a lack of[...]
Read More