If you’re starting your own Limited Liability Company, then you have to have an EIN for your LLC. An EIN, commonly called Tax ID, is required to do anything from […]
Income Tax Return – Who Must File? A Complete Guide
Collection of Income Tax from individuals and businesses by Federal Board of Revenue is one of the major sources of revenue of the Federal Government. Filing annual return of income commonly known […]
Income Splitting: An Attempt to Evade Tax
There seems to be a popular growing belief that one can avoid taxes through different strategies including income splitting. Largely people believe that they can save on taxes through splitting […]
Sales Tax Return Filing in Pakistan
Filing sales tax return is mandatory in Pakistan. The question is who is required to file sales tax return and how often. Curious to know more? well, in this post, […]
Sales Tax Charge in Pakistan
Sales Tax is an indirect tax; also known as Value Added Tax (VAT). VAT is charged and collected by manufacturer from distributers who keep on passing this to retailers. Similarly, […]
Advance Income Tax Deduction at Source
Generally, majority of us are not very well aware of withholding agent’s legal obligations about collecting advance income tax under various provisions of Income Tax Ordinance (ITO), 2001. There are […]
Withholding Agent in Pakistan
Tax is a very complex subject. It takes an immense effort to understand the intricacies of tax laws. In Pakistan taxation, subject of Withholding Agent, is one such instance. Therefore, […]