Section 153: The Tax Your Client Deducts Before Paying Your Invoice
If a company pays you for goods, services or a contract, it is required to withhold tax first. The rates,…
TAX NEWS
Minimum Tax on Turnover: Why a Loss-Making Business Still Pays Tax
Section 113 charges tax on turnover rather than profit, so a company that earned nothing still owes something. The 1.25%…
How to Appeal an FBR Assessment: Deadlines, Forums and What Actually Wins
Thirty days to the Commissioner (Appeals), sixty to the Tribunal, and a monetary threshold that decides which forum hears you…
FBR Withholding Tax Rate Card 2026-27: Every New Rate in One Place
FBR's new withholding tax rate card for fiscal year 2026-27 cuts property purchase WHT for filers from 3% to 1.25%,…
FBR’s Faceless Tax Audit System Goes Live on October 1. Here Is What Changes.
PM Shehbaz directed FBR to complete first phase of Faceless Inland Revenue System by Oct 1, full rollout by 2027.…
Pension, Gratuity and Provident Fund: What Retirement Money Is Actually Taxed
Pension income up to Rs 10 million a year is tax-free, with 5% above that. How gratuity and provident fund…
Sales Tax on Services: Why Your Rate Depends on Which Province You Bill From
Services are taxed by the provinces, not FBR. Punjab charges 16%, Sindh, KP and Balochistan 15%, and telecom sits at…
Advance Tax Under Section 147: The Four Dates Businesses Keep Missing
If your last tax bill topped Rs 100,000, you owe advance tax in four quarterly instalments. The due dates, who…
Capital Gains Tax 2026-27: The 1 July 2024 Date That Decides Your Bill
How capital gains tax works on property and securities in Pakistan, why the acquisition date matters more than the holding…
You Got an FBR Notice. Here Is What Each One Means and What to Do
Section 114, 176 and 122 notices ask for very different things and carry very different risks. What each one means,…