Welcome to the tax profiling website of Pakistan

Pakistan sales tax registered businesses must produce a tax invoice. Simplified invoices allow for retail sales. The invoices should include the following details: Name, Supplier Address Supplier's tax number Customer name and address Delivery date Unique invoice number Description of goods or services provided Sales tax rate, amount charged and invoice gross The amount of foreign currency should be translated into PKR at the public exchange rate. Recommended Blogs:  How to become Filer Mobile Devices Regulirizations - DIRBS Check FBR Status online How to pay income tax 

When General Pervez Musharraf's government decided to introduce a new tax law in 2000, we, among many, strongly opposed it. Our main objection is that his empire had no authority to enact any such law. The law says, "There is no tax without representation", emphasized by us and others. This constitutional principle is enshrined in Part 77 of the Constitution of the Republic of Pakistan, but as governor, the dictator was not oppressed. even the elected governments since Musharraf have been showing complete disregard for applying the new tax law and other tax codes that are in line with the fundamental rights and public policy guidelines contained in the Constitution. In Musharraf's time, it was argued that the dictator did not have the authority to enact the Income tax Ordinance, in 2001 repealing the Income tax Ordinance, 1979, also announced by the military dictator, General Zia-ul-Haq. It was thought that he should leave the post to the next government. Unfortuna...

Citizens are liable for income tax from Pakistan and foreign sources. Determination of individual tax income varies depending on the state of residence of individual tax practitioners in Pakistan for the tax year (1 July to 30 June). The total amount of international income earned by a resident is taxed in Pakistan unless a specific amount is not to be expelled from Pakistan under a double tax protection agreement. A non-resident is taxed only from a source in Pakistan, including income received or deemed to have been received in Pakistan or is deemed to be collecting or originating in Pakistan. Recommended Blogs:  How to become Filer Mobile Devices Regulirizations - DIRBS Check FBR Status online

Today Pakistan is meeting the many needs of foreign investors. Despite political issues foreign investors are attracting investment in Pakistan. And we hope that Pakistan's economy will improve in the future. Investor safety concerns are slowly improving. Import and export play a major role in the world economy. It is made easier by importers and service providers who are exporting goods these days. Let us clear our minds of the negatives and discuss the good things that are happening in Pakistan. The CEPC creates many opportunities for both countries. The ECPC project is also attracting foreign investors in Pakistan. The CEPC will greatly benefit from importing and exporting Pakistan. Many foreign companies are investing in Pakistan. A few days back Nissan Motor CO Ltd announced that it would start producing its Datsun model in Pakistan. Pakistan has the potential to grow, with its annual sales of 200,000 cars. In 2016 the government introduced policies to promote growth in...

1. Where, in any decisions under this agreement, the Commissioner, Commissioner (Complaints), or Petitioner is not satisfied that any person has any of the procedures mentioned or any of the previous procedures relating to audits in respect of the same tax year or inaccurate information provided. of that amount, the Commissioner, Commissioner (Complaints), or Petitioner, as the case may be, by written instruction, may impose a fine equal to the amount of tax that the person wanted to evade by hiding income or providing incorrect information of that money. 2. For purposes of subsection (1), concealment of revenue or disclosure of income information shall include - o the imposition of any money or taxable amount; o allegations of any deduction for any unauthorized expenditure; either o Any act referred to in subsection (1) of section 111. 3. Where any income or amount claimed by a taxpayer is demanded by a taxpayer or other taxpayer deducted to be taxed, the disallowance of such claim...

The State Government, by notice in the Official Gazette, or the Board by order published in the Official Gazette for written reasons, may be exempted from any person or class of persons for payment of all or part of the fine and default. the fees payable under this Ordiance subject to the terms and conditions as may be specified in the notice or, as the case may be, the order. For more details visit the FBR or Recommended Blogs How to become filer How to check NTN number How to check FBR filer status How to check NTN online

Transfer Your Loss If you file a return within a reasonable time, you will be able to continue the loss until the following years, which can be used to save on the next. In terms of income tax law, people are not allowed to perpetuate the loss of income and set aside income if the tax revenue is not paid by the due date. Therefore, it is important to file your income tax return during the claim for lost income in the coming years. Simple tax returns, will help people, when they have to apply for a car loan or Home Loan. All major banks can request a copy of the taxes. Tax Refund If you have a valid return from the Treasury, you will need to submit the files, otherwise you will have to stop the return. The income and any tax return address that can be used is proof of your income and address. Immediate Visa Request An international and international agency is requesting copies of your previous tax returns to process your visa application. Avoid Penalty If you are asked to submit your...