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PTA and FBR collaboration for mobile device registration and tax compliance in Pakistan.
News and Updates

PTA and FBR: Pioneering Efforts in Mobile Device Regulation

PTA and FBR: Pioneering Efforts in Mobile Device Regulation The Pakistan Telecommunication Authority (PTA) and the Federal Board of Revenue (FBR) are spearheading a transformative initiative to address mobile device compliance through the Device Identification, Registration, and Blocking System (DIRBS). This partnership reflects a concerted effort to modernize Pakistan’s digital

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FBR announces new property policy for non-filers in Pakistan
News and Updates

FBR Unveils New Policy for Non-Filers in Property Market

FBR Unveils New Policy for Non-Filers in Property Market New Policy For Non-Filers In a move to revitalize the real estate sector, the Federal Board of Revenue (FBR) has introduced a new policy allowing non-filers to purchase property worth up to Rs. 1 crore without inquiries into their source of

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What is Brokerage and Commission Tax and How it Work?
Brokerage Tax

What is Brokerage and Commission Tax and How it Work?

What is Brokerage and Commission Tax and How it Work? The taxation system remains central to the country since it is responsible of collecting the government revenues as well as functioning as the chief controller of the economy in Pakistan. Out of all the kinds of income that are subjected

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What is capital gain tax
Capital Gain Tax

What is Capital Gain Tax and How it Work?

What is Capital Gain Tax and How it Work? Introduction In Pakistan, as they have done in many other countries, the taxpayer earns money in many ways and they pay the tax under the rules and regulations of the country, on the profit made through the assets selling also. The

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Section 153 income Tax Ordinance
Section 153

Understanding Section 153 Income Tax Ordinance

Understanding Section 153 Income Tax Ordinance Introduction The Income Tax Ordinance of Pakistan defines tax structures more elaborately and section 153 Income Ordinance deals with the payments to non-residents and some other incomes. For any business person, a freelancer, or anyone who is associating with business people from another country,

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FBR Unveils New Policy for Non-Filers in Property Market
29Jan

FBR Unveils New Policy for Non-Filers in Property Market

FBR Unveils New Policy for Non-Filers in Property Market New Policy For Non-Filers In a move to revitalize the real estate sector, the Federal Board of Revenue (FBR) has introduced a new policy allowing non-filers to purchase property worth up…

What is Brokerage and Commission Tax and How it Work?
08Jan

What is Brokerage and Commission Tax and How it Work?

What is Brokerage and Commission Tax and How it Work? The taxation system remains central to the country since it is responsible of collecting the government revenues as well as functioning as the chief controller of the economy in Pakistan.…

Section 156 Prize Bond Tax in Pakistan: Implications for Filers and Non-Filers
07Jan

Section 156 Prize Bond Tax in Pakistan: Implications for Filers and Non-Filers

Section 156 Prize Bond Tax in Pakistan: Implications for Filers and Non-Filers Prize bonds found much popularity as an investment tool in Pakistan; people can invest in prize bonds and have chances to win cash awards while keeping their invested…

What is Capital Gain Tax and How it Work?
03Jan

What is Capital Gain Tax and How it Work?

What is Capital Gain Tax and How it Work? Introduction In Pakistan, as they have done in many other countries, the taxpayer earns money in many ways and they pay the tax under the rules and regulations of the country,…

Understanding Section 153 Income Tax Ordinance
21Dec

Understanding Section 153 Income Tax Ordinance

Understanding Section 153 Income Tax Ordinance Introduction The Income Tax Ordinance of Pakistan defines tax structures more elaborately and section 153 Income Ordinance deals with the payments to non-residents and some other incomes. For any business person, a freelancer, or…

What is property tax?A complete Guide how to calculate it
19Dec

What is property tax?A complete Guide how to calculate it

What is Property Tax? A Complete Guide on How to Calculate It! Introduction Property tax is an effective tax paid by property owners in Pakistan. It is also one of the biggest incomes for a country’s budget and is necessary…

Understanding Income Tax on Rental Income in Pakistan
18Dec

Understanding Income Tax on Rental Income in Pakistan

5 important Tax Tips for Property Owners: Understanding Income Tax on Rental Income in Pakistan Introduction: It is quite remarkable that rental income is still among the most dominant form of income for the owners of property in Pakistan. However,…

How to File Income Tax Return in Pakistan
16Dec

How to File Income Tax Return in Pakistan

How to File Income Tax Return in Pakistan Introduction In Pakistan, filing income tax returns is a crucial liability of every citizen and also organizations. It may sound like a very complicated process, but with the right information, it can…

Income Tax Ordinance in Pakistan. A complete guide for Taxpayers.
25Nov

Income Tax Ordinance in Pakistan. A complete guide for Taxpayers.

Income Tax Ordinance in Pakistan. A complete guide for Taxpayers Introduction Income tax return regulation is a complex process for taxpayers that sometimes becomes a hassle for them. Income tax ordinance in Pakistan is a complete guide to a legal…

What is filer and non filer in Pakistan
20Nov

What is filer and non filer in Pakistan

what is filer and non filer in pakistan Introduction In a country’s progress, the taxation system plays an important role. In Pakistan, filer and non filer impact the taxation system directly. The major difference between filer and non filer is…

Income tax slabs Pakistan 2024-25
07Nov

Income tax slabs Pakistan 2024-25

Income tax slabs Pakistan 2024-25 Introduction to Income Tax Income tax return regulation is a complex process for taxpayers that sometimes becomes a hassle for them. Pakistan’s income tax ordinance is a complete guide to a legal framework of income…

8 Penalties for Non-Filers According to the Latest 2024 FBR Laws
03Nov

8 Penalties for Non-Filers According to the Latest 2024 FBR Laws

8 Penalties for Non-Filers According to the Latest 2024 FBR Laws Non-filers will face harsher penalties in Pakistan in 2024 as the FBR (Federal Board of Revenue) implements a more aggressive strategy. This is part of a government-wide effort to…

The Role Of Taxation in Pakistan’s Survival
02Nov

The Role Of Taxation in Pakistan’s Survival

The Role Of Taxation in Pakistan’s Survival The tax system has played a major part in the functioning of government, no matter if it’s monarchy or democratic. Since the beginning of time governments have always relied on taxation. This is…

Understanding Income Tax 2023-24 Pakistan
01Nov

Understanding Income Tax 2023-24 Pakistan

Understanding Income Tax 2023-24 Pakistan Tax returns are an overwhelming task, particularly for new tax return filers. But, since the introduction of tax return filing online processes it is now more efficient and easily accessible. This article will walk readers…