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Tax Deductions and Credits for Small Businesses in Pakistan

Tax Deductions and Credits for Small Businesses in Pakistan

TAX /

Introduction: Tax deductions and credits play a significant role in reducing the tax burden on small businesses in Pakistan. Understanding and leveraging these tax benefits can contribute to the financial growth and sustainability of small enterprises. Definitions: Tax Deductions: Tax deductions refer to specific expenses that small businesses can subtract from their taxable income. These […]

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Tax implications of registering a foreign company in Pakistan

Tax implications of registering a foreign company in Pakistan

TAX, FBR /

Introduction: In today’s globalized economy, many businesses explore opportunities beyond their home countries. Establishing a foreign company in another jurisdiction can bring several advantages, including access to new markets and resources. However, expanding abroad entails various legal and financial considerations, particularly concerning taxation. Definitions: Foreign Company: A foreign company refers to an entity incorporated outside

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How to check your company's tax registration status in Pakistan

How to check your company’s tax registration status in Pakistan

TAX, FBR /

  Title: Checking Your Company’s Tax Registration Status in Pakistan: A Comprehensive Guide Introduction: Tax registration is a crucial process for businesses in Pakistan as it establishes their legal obligation to comply with tax laws and regulations. Ensuring that your company is properly registered with the relevant tax authorities is essential to avoid penalties, fines,

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How to obtain a National Tax Number (NTN) for your registered company in Pakistan

How to obtain a National Tax Number (NTN) for your registered company in Pakistan

FBR, TAX /

Introduction : The National Tax Number (NTN) is a unique identification number assigned to registered companies in Pakistan for tax purposes. It is an essential requirement for businesses to comply with taxation regulations and ensure accurate filing of returns. This article aims to provide a detailed guide on obtaining an NTN for a registered company

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How to register a company with FBR in Pakistan

How to register a company with FBR in Pakistan

company registration, FBR /

Introduction: Registering a company with the Federal Board of Revenue (FBR) in Pakistan is a crucial step towards establishing a legal entity and complying with taxation regulations. The FBR is the apex revenue authority in the country responsible for managing and collecting taxes. Definitions: Federal Board of Revenue (FBR): The FBR is the central tax

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Taxation of Pharmaceutical Companies in Pakistan

Taxation of Pharmaceutical Companies in Pakistan

FBR, TAX /

Taxation is an essential source of revenue for the government of Pakistan. Pharmaceutical companies in Pakistan are no exception to this and are required to comply with various tax laws and regulations. In this article, we will discuss the taxation of pharmaceutical companies in Pakistan in detail, including definitions, examples, and case studies.   Taxation

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The Role of Federal Board of Revenue (FBR) in Taxation

The Role of Federal Board of Revenue (FBR) in Taxation

FBR, ACCOUNTING, TAX /

The Federal Board of Revenue (FBR) is the central body in Pakistan that is responsible for collecting and managing the country’s revenue through taxation. The FBR was established in 1948 and is responsible for the administration of the country’s tax laws, including the Income Tax Ordinance, 2001, the Sales Tax Act, 1990, and the Federal

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SHOW CAUSE FOR IMPOSITION OF PENALTY U/S 182 FOR FAILURE TO FILE RETURN U/S 114

SHOW CAUSE FOR IMPOSITION OF PENALTY U/S 182 FOR FAILURE TO FILE RETURN U/S 114

FBR, TAX /

SHOW CAUSE FOR IMPOSITION OF PENALTY U/S 182 FOR FAILURE TO FILE RETURN U/S 114 If you have received a notice from the Federal Board of Revenue (FBR) asking you to show cause for imposition of penalty under section 182 for failure to file return under section 114, you might be wondering what to do

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