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

Tax deduction on payments made under section 153

Minimum threshold of Tax deduction on payments made under section 153 Minimum threshold of tax deduction on payments made under section 153: Prior to the passage of the Finance […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Setting off of losses attributable to deductions

Setting off of losses attributable to deductions Setting off of losses attributable to deductions: Prior to the Finance Act, 2018, sub-section (4) of section 57 and sub-section […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Minimum tax on services rendered by permanent establishments of non-resident persons

Minimum tax on services rendered by permanent establishments of non-resident persons Minimum tax on services rendered by permanent establishments of non-resident persons: Prior to the Finance Act, 2018 […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduced rate of minimum tax for Large Trading Houses

Extension in the period of reduced rate of minimum tax for Large Trading Houses [clause (57), Part-IV of the Second Schedule Reduced rate of minimum tax for […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Enhancement in limit of tax credit under section 62

Enhancement in limit of tax credit under section 62 of the Ordinance for investment in shares, sukuks and insurance. Enhancement in limit of tax credit under section […]
September 19, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Withholding tax agents under section 153

Scope of persons obliged to act as withholding tax agents under section 153 of the Income Tax Ordinance, 2001 extended to builders and developers [Section 153(7)(i)] Withholding […]
September 19, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction in tax rate applicable to small companies

Reduction in tax rate applicable to small companies [Paragraph (iii), Division II, Part I of the First Schedule] Reduction in tax rate applicable to small companies: A […]
September 19, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Rationalizing rates of tax on the import of coal

Rationalizing rates of tax on the import of coal – Part II of the First Schedule Rationalizing rates of tax on the import of coal: Prior to the Finance Act, 2018 tax […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Tax deduction on payments made under section 153

Minimum threshold of Tax deduction on payments made under section 153 Minimum threshold of tax deduction on payments made under section 153: Prior to the passage of the Finance […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Setting off of losses attributable to deductions

Setting off of losses attributable to deductions Setting off of losses attributable to deductions: Prior to the Finance Act, 2018, sub-section (4) of section 57 and sub-section […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Minimum tax on services rendered by permanent establishments of non-resident persons

Minimum tax on services rendered by permanent establishments of non-resident persons Minimum tax on services rendered by permanent establishments of non-resident persons: Prior to the Finance Act, 2018 […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduced rate of minimum tax for Large Trading Houses

Extension in the period of reduced rate of minimum tax for Large Trading Houses [clause (57), Part-IV of the Second Schedule Reduced rate of minimum tax for […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Enhancement in limit of tax credit under section 62

Enhancement in limit of tax credit under section 62 of the Ordinance for investment in shares, sukuks and insurance. Enhancement in limit of tax credit under section […]
September 19, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Withholding tax agents under section 153

Scope of persons obliged to act as withholding tax agents under section 153 of the Income Tax Ordinance, 2001 extended to builders and developers [Section 153(7)(i)] Withholding […]
September 19, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction in tax rate applicable to small companies

Reduction in tax rate applicable to small companies [Paragraph (iii), Division II, Part I of the First Schedule] Reduction in tax rate applicable to small companies: A […]
September 19, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Rationalizing rates of tax on the import of coal

Rationalizing rates of tax on the import of coal – Part II of the First Schedule Rationalizing rates of tax on the import of coal: Prior to the Finance Act, 2018 tax […]
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