(Corporate, Tax & Legal Consultants) – Pakistan Based Law Firm
Be Active, Be a Tax Filer is our moto so that you are not overcharged in taxes. As your Trusted tax Advisor, we will assist you do all to save your Pakistan . No matter what part of the world are you and you want to file your annual tax return in Pakistan, we are…
Salary Income Tax Calculator Pakistan is here for you as always. We have devised this calculator to give you an idea of your tax liability, however if you want to become an active tax filer quickly and at the cheapest rats please do get in touch with us. Income tax return submission made easy with…
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Federal Excise duty formerly known as Central Excised Duty is Levied by the government of Pakistan as Federal Tax on the following: Goods produced or manufactured in Pakistan Goods imported into Pakistan Such goods as the Federal Government may, by notification in the official Gazette, specify, as are produced or manufactured in the non-tariff areas…
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The Government of Pakistan has so far signed agreements to avoid double taxation with 47 countries including almost all the developed countries of the world and such agreements are being signed with other countries as well. These agreements lay down the ceilings on tax rates applicable to different types of income arising in Pakistan. They also…
Following are major taxes collected vide law and legislation levied by the Pakistan Federal government. Federal Government Taxes: Income Tax Super Tax Wealth Tax Gift tax Turnover Tax Corporate Asset Tax Corporate Income Tax (A) Import Duties Import Surcharge Export Duties Iqra Surcharge Income Tax on imports Import Licence Fee Import Registration Fee Export Registration Fee…
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Capital Value Tax on Real Estate Related Transactions in Pakistan A Capital value tax at the rate of 2 percent of recorded value has been levied vide Finance Act, 2006. This is applicable in urban areas for residential property exceeding an area of one kanal and in case of commercial properties without any threshold of…
In Pakistan two tax regimes are working in income tax and tax liability is the sum of the two. a) Normal Tax Regime (NTR) calculated on the basis of net profit adjusted for tax deductibles and tax non-deductibles. b) Final Tax Regime (FTR) previously known as presumptive tax regime (PTR) which is lesser than normal…
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Taxes in Pakistan have a large spectrum which include taxes at muncipal level upto Federal Level. Legislation and Law exists to regulate all type of taxation. A broad description regarding the nature of administration of these taxes is explained below: Direct Taxes Direct taxes primarily comprise income tax, alongwith supplementary role of wealth tax. For the…
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