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September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction in tax rate on undistributed profit

Reduction in tax rate on undistributed profit [Section 5A) Through Finance Act 2017, section 5A was amended and a tax @ 7.5% was imposed on public […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction in tax rate for companies 

Reduction in tax rate for companies (Paragraph) (i), Division II, Part I of the First Schedule Reduction in tax rate for companies: Rate of tax for companies […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction in rates of tax for AOPs

Reduction in rates of tax for AOPs [Paragraph (2), Division I, Part I of the First Schedule Reduction in rates of tax for AOPs: Prior to the Finance […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Penalty for late filers of withholding tax statements

Reduction in penalty for late filers of withholding tax statements [Section 182 read with section 115, 165, 165A &165B] Penalty for late filers of withholding tax statements: Prior […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction and elimination of Super Tax

Reduction and elimination of Super Tax [Division IIA, Part I of the First Schedule] Reduction and elimination of Super Tax: Super Tax was levied through the Finance […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Advance tax on Banking Transactions by non-filers

Reduced rate of advance tax on Banking Transactions by non-filers [Division XXI of Part IV of the First Schedule] Advance tax on Banking Transactions by non-filers: Prior […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Withholding agent under section 153 of the Ordinance

Withholding agent under section 153 of the Ordinance to be deferred to the succeeding year [Section 153(7)(i)(i)] Withholding agent under section 153 of the Ordinance: Prior to the […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Non-recognition of capital gain in the case of a gift relatives

Non-recognition of capital gain in the case of a gift relatives [sections 37(4a) & 79(1) (c)1 Non-recognition of capital gain in the case of a gift […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction in tax rate on undistributed profit

Reduction in tax rate on undistributed profit [Section 5A) Through Finance Act 2017, section 5A was amended and a tax @ 7.5% was imposed on public […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction in tax rate for companies 

Reduction in tax rate for companies (Paragraph) (i), Division II, Part I of the First Schedule Reduction in tax rate for companies: Rate of tax for companies […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction in rates of tax for AOPs

Reduction in rates of tax for AOPs [Paragraph (2), Division I, Part I of the First Schedule Reduction in rates of tax for AOPs: Prior to the Finance […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Penalty for late filers of withholding tax statements

Reduction in penalty for late filers of withholding tax statements [Section 182 read with section 115, 165, 165A &165B] Penalty for late filers of withholding tax statements: Prior […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction and elimination of Super Tax

Reduction and elimination of Super Tax [Division IIA, Part I of the First Schedule] Reduction and elimination of Super Tax: Super Tax was levied through the Finance […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Advance tax on Banking Transactions by non-filers

Reduced rate of advance tax on Banking Transactions by non-filers [Division XXI of Part IV of the First Schedule] Advance tax on Banking Transactions by non-filers: Prior […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Withholding agent under section 153 of the Ordinance

Withholding agent under section 153 of the Ordinance to be deferred to the succeeding year [Section 153(7)(i)(i)] Withholding agent under section 153 of the Ordinance: Prior to the […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Non-recognition of capital gain in the case of a gift relatives

Non-recognition of capital gain in the case of a gift relatives [sections 37(4a) & 79(1) (c)1 Non-recognition of capital gain in the case of a gift […]
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