When a bank loan, a house purchase, or a conspicuous expenditure does not correspond with your outwardly stated earnings, the Federal Board of Revenue may request a clarification. This provision is found in Section 111 of Pakistan Income Tax Ordinance, 2001 under the heading of unexplained income or assets. What does Section 111 cover? According […]
Managing a solo accountancy practice in the UK is a fulfilling experience but can also be tiresome. Higher expectations from client along with changing rules of compliance with limited time are common challenges to face in one-person practice. You have to wear every hat, such as a tax advisor, bookkeeper, finance manager, etc. Imagine if […]
Income and Sales Tax on Advertisement Services in Pakistan – Rates, Rules & Exemptions (2025 Update)
Whenever an advertisement (print, TV, online, billboards, social media, etc.) is purchased by a business in Pakistan, it may lead to a tax that is required to be paid under the head of advertisement services. In other words, tax on advertisement services in Pakistan is not an independent or special tax, but rather it is […]