Taxes in Pakistan
35 views | +0 today
Follow
Taxes in Pakistan
A simple read on the complicated taxes of Pakistan and their effects on our lives
Your new post is loading...
Your new post is loading...
Scooped by Anthony Williams FPFA LLB Member BAA (USA)
Scoop.it!

What are Pakistanis Saying About the Federal Budget 2013-14 (Before the Budget)

What are Pakistanis Saying About the Federal Budget 2013-14 (Before the Budget) | Taxes in Pakistan | Scoop.it
In modern governance, the budget of the state is one of the most important policy documents. Tabled every year in the parliament, it is here that ideas are translated into implementable policies...
Anthony Williams FPFA LLB Member BAA (USA)'s insight:

Pakistani People are never wrong (almost)

more...
No comment yet.
Scooped by Anthony Williams FPFA LLB Member BAA (USA)
Scoop.it!

Tax incentives proposed to boost stock exchanges - The News International

Tax incentives proposed to boost stock exchanges - The News International | Taxes in Pakistan | Scoop.it
Tax incentives proposed to boost stock exchanges
The News International
It said that the exemption of capital gains tax was withdrawn by the authorities who then introduced tax on securities through amendments to Income Tax Ordinance, 2001.
Anthony Williams FPFA LLB Member BAA (USA)'s insight:

Great...but I have no investments in stock market, how can I benefit?

more...
No comment yet.
Scooped by Anthony Williams FPFA LLB Member BAA (USA)
Scoop.it!

Cases taken up or decided by FTO: revenue tribunals have no jurisdiction: lawyer - Business Recorder

Cases taken up or decided by FTO: revenue tribunals have no jurisdiction: lawyer Business Recorder For instance in case of litigation under the provisions of Income Tax Ordinance, 2001 and Sales Tax Act, 1990, authorities like CIR-A and ATIR shall...
Anthony Williams FPFA LLB Member BAA (USA)'s insight:

What?????

more...
No comment yet.
Scooped by Anthony Williams FPFA LLB Member BAA (USA)
Scoop.it!

Predatory elites - Business Recorder (blog)

Predatory elites - Business Recorder (blog) | Taxes in Pakistan | Scoop.it
Predatory elites
Business Recorder (blog)
Section 14(b) of the Income Tax Ordinance, 2001 defines "services" to include the provision of any facility" and the concept of "fair market" is defined in section 68 as under: "68.
Anthony Williams FPFA LLB Member BAA (USA)'s insight:

An article written by the best Tax Consultants in Pakistan...Bravo

more...
No comment yet.
Scooped by Anthony Williams FPFA LLB Member BAA (USA)
Scoop.it!

Don't Pay Any Taxes in Pakistan, If you are not a Person

Don't Pay Any Taxes in Pakistan, If you are not a Person | Taxes in Pakistan | Scoop.it
It is said that in Pakistan "the rich" pay no taxes. The fact of the matter is that the Income Tax Law in Pakistan clearly states that you are liable to pay income tax if you are a "Person". This is...
Anthony Williams FPFA LLB Member BAA (USA)'s insight:

Nice...

more...
No comment yet.
Scooped by Anthony Williams FPFA LLB Member BAA (USA)
Scoop.it!

Assessment under section 122(5A) of IT Ordinance: FTO says provisions allow ... - Business Recorder (blog)

Assessment under section 122(5A) of IT Ordinance: FTO says provisions allow ... - Business Recorder (blog) | Taxes in Pakistan | Scoop.it
Assessment under section 122(5A) of IT Ordinance: FTO says provisions allow ...
more...
No comment yet.
Scooped by Anthony Williams FPFA LLB Member BAA (USA)
Scoop.it!

FBR to take FPCCI into confidence on budget proposals - PakistanToday.com.pk

FBR to take FPCCI into confidence on budget proposals - PakistanToday.com.pk | Taxes in Pakistan | Scoop.it
PakistanToday.com.pk
FBR to take FPCCI into confidence on budget proposals
PakistanToday.com.pk
What he earned outside Pakistan he did not have to pay taxes in Pakistan. His get a handsome amount for his lectures in dollars.
Anthony Williams FPFA LLB Member BAA (USA)'s insight:

Cooperation is good...

more...
No comment yet.
Scooped by Anthony Williams FPFA LLB Member BAA (USA)
Scoop.it!

Over 4000 have no NTN: FBR tells ECP - Business Recorder (blog)

Over 4000 have no NTN: FBR tells ECP - Business Recorder (blog) | Taxes in Pakistan | Scoop.it
Over 4000 have no NTN: FBR tells ECP
Business Recorder (blog)
This trend clearly reflects that the contesting candidates consider it an insult to pay taxes in Pakistan.
Anthony Williams FPFA LLB Member BAA (USA)'s insight:

I have one...

more...
No comment yet.
Scooped by Anthony Williams FPFA LLB Member BAA (USA)
Scoop.it!

Musharraf on tax default list: FBR sends 389 cases to ECP - Business Recorder (blog)

Musharraf on tax default list: FBR sends 389 cases to ECP - Business Recorder (blog) | Taxes in Pakistan | Scoop.it
Musharraf on tax default list: FBR sends 389 cases to ECP Business Recorder (blog) Some prominent politicians including former president Pervez Musharraf have committed tax defaults under Income Tax Ordinance 2001 as per the list of 389 cases...
Anthony Williams FPFA LLB Member BAA (USA)'s insight:

It's a good start...

more...
No comment yet.
Scooped by Anthony Williams FPFA LLB Member BAA (USA)
Scoop.it!

Extraordinary Perks and Benefits For Our Rulers | NEVER MIND

Extraordinary Perks and Benefits For Our Rulers | NEVER MIND | Taxes in Pakistan | Scoop.it
Section 39(1)(j) of the Income Tax Ordinance, 2001 is attracted in the case of persons other than State employees, it declares the following as income chargeable to tax: “The fair market value of any benefit, whether ...
Anthony Williams FPFA LLB Member BAA (USA)'s insight:

No, I do mind. When I pay so many taxes on my meager income and they pay no income tax on so much...

more...
No comment yet.