Taxation of Freelancers in Pakistan 2023: A Comprehensive Guide for PSEB Registered Freelancers Freelancing has emerged as a viable and popular career option in Pakistan, offering individuals the flexibility to work on their terms and collaborate with clients globally. For freelancers registered with the Pakistan Software Export Board (PSEB), the taxation landscape carries unique…
Freelancer Taxation in Pakistan for 2023: A Comprehensive Overview Freelancing has become a prominent source of income for individuals in Pakistan, offering flexibility and the opportunity to work on a global scale. However, freelancers are not exempt from tax obligations, and understanding the tax implications of their earnings is essential for both compliance and…
Lewis Capaldi’s Glastonbury Festival set did not go to plan, but the moment showed the strong connection between the singer and his fans. Capaldi, 26, began to experience Tourette syndrome symptoms at the start of his set and they intensified as his hit “Someone You Loved” began to play. The Scottish singer was interrupted by…
As per apnaqanoon,realty and manufacturing sectors have filed petitions against Section 7E that the government introduced in June last year to impose taxes on people who derived income equal to 5% of the fair market value of capital assets situated in Pakistan, who will be charged tax at the rate of 20%.
As per apnaqanoon, Fiscal year 2019-20, the ratio of direct taxes in the total taxes is 32 percent out of which 70 percent are collected in a withholding basis (which defies the Direct Tax claim). According to law/qanoon,the current tax structure in Pakistan is regressive in nature and is in contrast to the fairness principle…
As per apnaqanoon, each registered person must file a return by the 15th of each month regarding the sales made in the last month. All registered persons are required to file returns electronically and in such cases the payment is to be made by the 15th and return can be submitted on FBR’s e-portal .
As per apnaqanoon,It is the sales tax charged and levied on the sale or supply of goods or services on which sales tax is aplicable.
As per apnaqanoon, The Pakistani sales tax registration threshold is nil. Businesses with a turnover below PKR 1million may apply for a simplified tax regime.
As per apnaqanoon ,A retailer operating in an air-conditioned shopping mall, plaza or centre, excluding kiosks; According to law/qanoon retailer whose cumulative electricity bill during the immediately preceding twelve consecutive months exceeds Rupees six hundred thousand;
As per apnaqanoon,The Federal Board of Revenue (FBR) has granted sales tax exemption on supplies, withholding tax and income tax exemption on individuals, companies and association of persons of while Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA) from June 1, 2018 to June 30