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

Incentivized investment in REIT and Collective Investment

Measures for incentivized investment in REIT and Collective Investment Schemes [Division III of Part I and Division I of Part Ill of the First Schedule’) Incentivized investment […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Late tax filers not subjected to audit under section 214D

Late tax filers not subjected to audit under section 214D Late filers of tax returns not to be subjected to automatic selection for audit under section 214D […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Increase in withholding tax rates for non-filers

Increase in withholding tax rates for non-filers FBR has consistently espoused the policy of creating a distinction between compliant and non-compliant taxpayers. FBR felt the Increase in […]
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 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Incentivized investment in REIT and Collective Investment

Measures for incentivized investment in REIT and Collective Investment Schemes [Division III of Part I and Division I of Part Ill of the First Schedule’) Incentivized investment […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Late tax filers not subjected to audit under section 214D

Late tax filers not subjected to audit under section 214D Late filers of tax returns not to be subjected to automatic selection for audit under section 214D […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Increase in withholding tax rates for non-filers

Increase in withholding tax rates for non-filers FBR has consistently espoused the policy of creating a distinction between compliant and non-compliant taxpayers. FBR felt the Increase in […]
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 […]
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