Taxation of insurance services in Pakistan is governed by the Federal Board of Revenue (FBR) and is subject to both federal and provincial taxes. Insurance services are taxed under the Sales Tax Act, 1990, and the Income Tax Ordinance, 2001. The taxation regime for insurance services in Pakistan is complex and varies depending on the […]
Taxation of Insurance Services in Pakistan Read More »
Taxation of banking services in Pakistan is a complex issue that requires a comprehensive understanding of the country’s tax laws and regulations. In this article, we will provide a detailed overview of the taxation of banking services in Pakistan, including definitions, examples, and case studies. Definition of Banking Services Banking services refer to the various
Taxation of Banking Services in Pakistan Read More »
Taxation of Advertising and Marketing Agencies in Pakistan Advertising and marketing agencies are essential in promoting goods and services to potential customers, which ultimately results in increased sales and revenue. In Pakistan, these agencies are subject to various taxes, which can significantly impact their profitability. In this article, we will discuss the different taxes that
Taxation of Advertising and Marketing Agencies in Pakistan Read More »
To become active in sales tax in PRA, SRB, and KPRA, you need to register with the respective tax authority in the province where you provide taxable services. The process of registration is slightly different for each tax authority, and I’ll explain the steps below for each tax authority individually: 1) PRA stands for Punjab
HOW TO BECOME ACTIVE IN SALES TAX PRA, SRB AND KPRA? Read More »
Sales tax is a form of indirect tax that is levied on the sale of goods and services. In Pakistan, sales tax is governed by the Sales Tax Act, 1990, which provides the legal framework for the collection and administration of sales tax in the country. In this article, we will provide a comprehensive guide
Sales Tax in Pakistan – A Comprehensive Guide Read More »
