COMMON COMPLIANCE ISSUES FACED BY BUSINESSES IN PAKISTAN Tax compliance Tax compliance is a term that refers to the ability and willingness of taxpayers to comply with their tax obligations. In Pakistan, tax compliance is a significant challenge for businesses, as they have to deal with a complex and frequently changing tax system. We will […]
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Motor Vehicles Tax is an important levy of Excise & Taxation Department. It brings considerable revenue and is another major source of income to the exchequer. It is administered under the provisions of the Motor Vehicle Ordinance, 1965 and Motor Vehicle Tax Act, 1958. In Pakistan, vehicle taxes can be paid through the following methods:
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Custom duty in Pakistan is a tax imposed by the government on goods that are imported into the country. The purpose of custom duty is to regulate trade and generate revenue for the government. The custom duty is calculated as a percentage of the value of the imported goods and the rate varies depending on
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Domestic Taxes, comprising Income Tax, Sales Tax and Federal Excise Duty, constitute about 90% of the Revenue collected by FBR. These taxes are not only similar in essence, but also are interdependent in practice. These are a few taxes collected by the Government of Pakistan, some other taxes collected by the government are explained below:-
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