What is a trademark? A trademark is basically a picture of a brand or company, and that picture is usually what people think of when they think of that brand or company. It’s important because your brand trademark is what sets you apart from other people. Today, every business that wants to grow knows how… Continue reading Why Trademark Registration is Important
If you want to work in the US, it is a mandatory requirement to pay taxes accordingly. And for that, you need to have a Social Security Number (SSN). If you cannot qualify for an SSN, an Individual Taxpayer Identity Number (ITIN) is required to get through the processes without a hassle. If you’re unsure… Continue reading What Is ITIN Number and Why It Is Important?
Running a business in any country has many tax requirements. In Pakistan, multiple taxes apply to business transactions based on their nature. FBR, the Federal Board of Revenue, is an official tax collection and regulatory body in Pakistan which takes care of all the policies surrounding taxes on personal and corporate income streams, custom duties,… Continue reading Business Tax And Compliance In Pakistan – Everything You Need To Know
While most companies in Pakistan are not registered and seem to operate without legal obligations, it is mainly due to the lack of awareness. Company owners in Pakistan need to learn about the great benefits of registering a company in Pakistan. Instead, they believe that in the future, without any legal work would help them… Continue reading Benefits of Company Registration in Pakistan
Islamabad: On August 4, 2022, Dr. Miftah Ismail conducted a meeting in the committee room of the Ministry of Finance, Pakistan Secretariat, to finalize the collection of sales tax through electricity bills. Previously withdrawal of sales tax through electricity bills was demanded by stakeholders, including service providers who were not under the jurisdiction… Continue reading Finance Ministry To Notify New Tax Rates through Electricity bills for Retailers in October
Islamabad: A simple go-back pattern needs to be plotted by the Federal Board of Revenue (FBR) for individuals who earn income solely from salary (the tax year 2022). On this connection, the FTO issued an order to the FBR on Tuesday. The FTO issued this critical order at the time. FBR has uploaded the Income… Continue reading The FBR Requested the Design of a Simple Return Form!
Islamabad: The Federal Board of sales (FBR) has increased the scope of the definition of IT and IT-enabled services, raised the improvement tax fee from two to four percent for industrial importers, and reduced the turnover tax for Oil advertising and marketing businesses (OMCs) from zero. Seventy-five percent to 0.5 percent through modification within the… Continue reading FBR Issues an Elaborated Definition Related to the Scope of IT, IT-enabled services
ISLAMABAD: On Tuesday, the Federal Board of Revenue (FBR) issued; draft income tax return forms for the tax year 2022 for salaried folks. The FBR issued SRO 820(I)/2022 to notify the draft; income tax return forms. The bureaucracy included; digital go back for salaried individuals; electronic return for the association of character (AOPs); digital return… Continue reading The Tax Year 2022: FBR Releases Draft Return Forms!
ISLAMABAD: An assembly of the Senate Standing Committee on Finance has agreed to the Federal Board of Revenues (FBR) to discontinue cell phones or cellular sims to put in force the submitting of returns. The committee meeting was presided over by Saleem Mandviwala on Thursday and changed into informed, via the FBR, approximately the criticality… Continue reading FBR Plans Accepted to Disable Mobile Phones, Sims, Utilities on Non-Filing of Tax Returns
PESHAWAR: A tax professional belonging to Khyber Pakhtunkhwa, Muhammad Umair Zeb, has stated the Federal Board of Revenue (FBR), notwithstanding receiving a clean price range notion from the banking quarter to abolish the top-notch tax, might also increase its charge within the federal budget for 2022-23. As the Official sources stated that speaking at a… Continue reading FBR Intends to Grow Tax Rate Charges on the Banking Sectors from This Year