The government has recently adopted a foreign investment–friendly regime that allows non-residents to invest ...
Plan, plan and plan some more because each region of the country is starkly different from the other.
THE small and medium enterprises (SMEs) sector is considered the backbone of an economy, as it plays a pivotal role...
Fraudsters declare bogus purchases of hefty amounts in sales tax returns.
Value-added tax appears to be problematic in agro-based economies where prices of agricultural products are usually
Income is taxed on the basis of its source in Pakistan.
The estimated sales tax gap was nearly 67pc of the total sales tax collection
The law gives enormous powers to tax authorities. Its careful implementation is necessary to prevent any abuse of power.
Tax authorities must ensure that only legitimate NPOs enjoy tax incentives.
Several provisions in Income Tax Ordinance 2001 are difficult to interpret and not easily implementable.
Revenue losses caused by special provisions in the tax code in 2017-18 were estimated at Rs541bn, 14pc of total
A benign attitude towards tax evasion may be warranted if it results in greater economic growth
Money laundering diminishes tax revenues resulting in honest taxpayers’ having to bear the burden of additional taxes.
With more than 45pc share in federal tax receipts, the sales tax is a major source of tax revenue.
It is difficult for authorities to obtain information regarding such deals.
Some retailers will have an option to pay sales tax at the rate of 2pc of their total turnover, without the facility
Highlighting the most significant legal reforms introduced in the new Companies Act 2017
The Income Tax Code of Pakistan contains various provisions of presumptive taxes that ultimately become indirect taxes
The tax amnesty scheme encourages people to evade taxes in the hope to whiten their black money through another tax
Here's a list of tactics used by businesses when it comes to VAT/GST.