Tax law in Pakistan is governed by the Income Tax Ordinance, 2001, which outlines the rules and regulations related to taxation of income, property, and other forms of revenue. Here are some basics of tax law in Pakistan: Taxation of Income: Pakistan follows a progressive tax system, where individuals, partnerships, associations of persons, and companies […]
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Tax on dividends is a tax levied by the government of Pakistan on the income earned from dividends received by shareholders of companies in Pakistan. Dividends are the portion of profits distributed by a company to its shareholders, usually in the form of cash or stock. In this article, we will provide an overview of
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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
WHAT IS ACTIVE TAX PAYER LIST (ATL) AND NON ACTIVE TAX PAYER LIST (NON ATL) IN PAKISTAN? Read More »
To register a brand in Pakistan, you will need to follow the following steps: Conduct a trademark search: Before applying for trademark registration, it is important to conduct a search to ensure that the brand name or logo is not already in use by another entity. This can be done through the Intellectual Property Organization
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To register a patent in Pakistan, you will need to follow the following steps: Conduct a patent search: Before applying for a patent, it is important to conduct a patent search to ensure that the invention is novel and non-obvious and that it is not already patented by someone else. This can be done through
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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,
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The Pakistan Software Export Board (PSEB) subscription renewal process involves the following steps: Check eligibility: The first step is to check if the organization is eligible for PSEB membership. This can be done by visiting the PSEB website and reviewing the membership criteria. Submit renewal form: Next, the organization should download the renewal form from
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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
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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
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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:
WHAT IS TAX OF VEHICLES IN PUNJAB PAKISTAN? Read More »