In Pakistan, the Federal Board of Revenue (FBR) classifies taxpayers as either “Active Taxpayers List (ATL)” or “Non-Active Taxpayers List (Non-ATL)”. Active Taxpayers List (ATL) is a list of taxpayers who are considered to be in compliance with tax regulations and have a good track record of filing tax returns and paying taxes. Non-Active Taxpayers […]
HOW TO FILE INCOME TAX IN PAKISTAN?
In Pakistan, individuals and businesses are required to pay income tax if their taxable income exceeds the minimum taxable limit. Here are some of the groups that are eligible for income tax: Salaried individuals: Employees who receive a salary from an employer are required to pay income tax on their earnings. Businesses: Sole proprietorships, partnerships, […]
HOW TO FILE PRA SALE TAX RETURN
Here is a step-by-step guide on how to file your sales tax return with the Pakistan Revenue Automation Limited (PRA) in Pakistan: Step 1: Register with PRA If you haven’t already, you need to register with the PRA. You can do this by visiting the PRA website and following the registration process. You will need […]
HOW TO REGISTER WITH PRA IN PAKISTAN?
Pakistan Revenue Automation Limited (PRA) is a subsidiary company of the Federal Board of Revenue (FBR) in Pakistan. It was established with the aim of automating tax administration in Pakistan. The main objectives of PRA are to improve the efficiency of tax administration, reduce tax compliance costs for taxpayers, and increase tax revenues for the […]
WHAT IS TAX OF VEHICLES IN PUNJAB PAKISTAN?
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: […]
WHAT IS FEDERAL EXCISE DUTY(FED) IN PAKISTAN?
Federal Excise Duty (FED) in Pakistan is a tax imposed by the federal government on the manufacture and sale of certain goods within the country, including imported goods. The purpose of the FED is to generate revenue for the government and regulate the production and sale of certain goods. The rate of FED varies depending […]
WHAT IS TAX ON PARTNERSHIPS IN PAKISTAN?
In Pakistan, partnerships are taxed as businesses, and the tax liabilities of a partnership depend on the type of partnership. There are two main types of partnerships in Pakistan: general partnerships and limited partnerships. General Partnerships: In a general partnership, all partners are personally liable for the debts and obligations of the partnership. The income […]
WHAT IS CUSTOM DUTY FOR IMPORTS IN PAKISTAN?
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 […]
WHAT IS THE TAX ON ELECTRIC VEHICLES(EV) IN PAKISTAN?
In Pakistan, electric vehicles (EVs) are taxed based on their price, battery capacity, and type of vehicle. The exact amount of tax can vary depending on the specific model and make of the car. Below is a general overview of the tax structure for EVs in Pakistan: Federal Excise Duty (FED): This is a federal […]
HOW TO REGISTER A SOFTWARE HOUSE IN PAKISTAN WITH PSEB?
PSEB stands for the Pakistan Software Export Board, which is a government organization established to promote the software industry in Pakistan. It aims to provide a platform for software companies to showcase their products and services to the international market. In Pakistan, software houses are required to comply with certain obligations if they are registered […]