Tax Deductions Available for Pakistani Taxpayers Introduction Tax deductions are an essential aspect of any country's tax system, including Pakistan. They provide taxpayers with opportunities to reduce their taxable income,…
The Federal Board of Revenue (FBR) in Pakistan offers a range of tax exemptions to various individuals and entities based on different criteria. Here are some of the most common…
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…
Pakistan's tax system varies compared to other countries in the world. However, some general similarities and differences include: Similarities: Most countries have a tax system that requires individuals and businesses…
Domestic Taxes, comprising Income Tax, Sales Tax and Federal Excise Duty, constitute about 90% of the Revenue collected by FBR. These taxes are not only similar in essence, but also…
Tax is the amount of money that a government requires people to pay according to their income, the value of their property, etc., and that is used to pay for…