TAX

  Professional Tax Punjab Introduction Professional tax is a levy imposed on individuals who are engaged in a profession, trade, or employment within the jurisdiction of a particular state. In India, the power to levy professional tax is delegated to the state governments under Article 276 of the Constitution. The state of Punjab has enacted […]

   Punjab Token Tax          Punjab Token Tax: A Comprehensive Guide Vehicle Tax in Punjab, Pakistan Opens in a new window excise.punjab.gov.pk Introduction   Punjab Token Tax is a tax levied on all registered vehicles in the Punjab Province of Pakistan. It is an annual tax that is paid to the Excise & Taxation Department of

  Taxation in Sindh:SRB Introduction In the framework of Pakistan’s fiscal structure, each province’s revenue authority plays a fundamental role in collecting taxes, which are critical for the development and maintenance of public services and infrastructure. The Sindh Revenue Board (SRB) is such an entity for the Sindh province. This blog post will provide an

Taxation in Punjab:PRA Introduction Taxes form the backbone of a government’s revenue, essential for public services and infrastructure. In Pakistan, provincial revenue authorities are responsible for tax collection. This post explores the Punjab Revenue Authority (PRA), examining its roles, responsibilities, and its impact on the economy of Punjab. What is the Punjab Revenue Authority? The

Integrated Risk Information System-IRIS Stands for Integrated Risk Information System, is a tax filing and processing system used by the Federal Board of Revenue (FBR) in Pakistan. It is an online portal where taxpayers can manage various tax-related activities, such as submitting tax returns, responding to tax notices, filing sales tax returns, and handling other

Taxation in Khyber Pakhtunkhwa Understanding the KPK Revenue Authority: Taxation in Khyber Pakhtunkhwa Taxation in Khyber Pakhtunkhwa Introduction Taxes are the lifeblood of any government, and they play a crucial role in funding public services and infrastructure. In Pakistan, each province has its own revenue authority responsible for collecting taxes and revenue on behalf of

  IMF and Pakistan Edge Towards Agreement: Tax Reforms, Circular Debt, and Austerity Measures in Focus The latest developments regarding Pakistan and the International Monetary Fund (IMF) involve their completion of talks related to the first review of a $3 billion stand-by arrangement. Kristalina Georgieva, the IMF’s Managing Director, expects an agreement on Pakistan’s review

How to file tax return in Pakistan Registration for National Tax Number (NTN) or Sales Tax Registration Number (STRN) 1.    Get Registered: If you’re not already registered, you need to get a National Tax Number (NTN) or Sales Tax Registration Number (STRN) from the Federal Board of Revenue. This can be done online through the

Real estate businesses in Pakistan Real estate businesses in Pakistan are subject to various taxes and regulations imposed by the federal and provincial governments. This article aims to provide an overview of the taxation of real estate businesses in Pakistan, including definitions and examples. Definitions Before discussing the taxation of real estate businesses in Pakistan,

The impact of Pakistan’s tax system on the startup ecosystem Pakistan is a country with immense potential for entrepreneurship and innovation. It has the fifth largest population in the world, with a median age of 22 and a large number of English speakers. It also has a fast-growing middle class, a high penetration of mobile