Understanding In-Bond GD and VAT Implications in Pakistan In-Bond GD refers to the filing of a Goods Declaration (GD) under the “in-bond” regime, where imported goods are moved to a
Proper or advanced tax filing means filing your tax return with complete accuracy, including reconciliation of your bank credits with actual income, declaration and removal of sold or transferred assets,
Income Tax, as provided under the Income Tax Ordinance of 2001 of Pakistan, is a tax chargeable on the incomes of individuals, companies, and other concerns. This tax is chargeable
Understanding Sales Tax in Pakistan: A Guide Based on the Sales Tax Act, 1990 Introduction Sales tax is a vital component of Pakistan’s taxation system, playing a significant role in
The government of Pakistan has finalized tax slabs for salaried individuals for the fiscal year 2024-2025. Although, the federal government has set an increased tax rate of 5% for those
Currently, individuals earning income from exports pay a final tax of 1% on their export proceeds. To ensure horizontal equality, where taxpayers with similar incomes pay equal taxes, it is
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