The taxation process in Pakistan can be like a maze especially to the service-oriented businesses that are operating in Punjab. After the 18th Constitutional Amendment, the provinces were devolved in terms of the powers to collect sales tax on the services. This is the mantle that is held by the Punjab Revenue Authority (PRA) in […]
It is well-established fact that small and medium enterprises (SMEs) are the backbone of Pakistani economy. They represent almost 40 percent of national GDP and occupy more than 80 percent of the non-agricultural workforce, and therefore, their success is equated to the success of the country. Therefore, business owners need to know the exact type […]
Tax saving in Pakistan is hardly about shortcuts. It is about the creation of correct documentation, proper classifications, and filings and justifiable positions under the FBR and provincial regimes. Accounting services are a viable source of tax savings since they turn daily transactions into conforming records that facilitate allowable deductions, input modifications, and audit-compliant evidence. […]