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Pakistan Telecommunication Company Limited (PTCL) is a leading telecommunications service provider in Pakistan. PTCL plays an important role in the communication sector of Pakistan. PTCL offers wide range of services to its users which include landline telephone, broadband internet, TV, cloud pay and value-added services. And PTCL charge advance tax on its services against which … Read more
Tax collection is a backbone of every country and tax collection is very important to run a country. Transparency in tax collection and tax related matters is crucial to increase the confidence of taxpayers to pay their taxes as their moral obligation. If you find yourself trapped in tax related issues or a feel that … Read more
KPRA stands for Khyber Pakhtunkhwa Revenue Authority, which was established in 2013 under the KP Finance Act 2013 to collect and manage the Sales tax on services in Khyber Pakhtunkhwa. The primary role is to impose, collect, administer the tax on services provided, rendered, received or delivered in the Khyber Pakhtunkhwa Province. Organizational Structure Policy … Read more
In todays world, compliance to tax related matters is very important for individuals as well as for businesses. In Pakistan understanding your FBR filer status is very crucial. Whether you are individual of a business entity, registration with FBR and becoming Active Taxpayer can have significant implications on your financial matters. In this article we … Read more
SRB stands for Sindh Revenue Board, established through Sindh Revenue Board Act, 2010. Sindh Revenue Board is primarily responsible for collection of sales tax on services provided in Sindh, Workers Welfare Fund in Sindh and Sindh Workers Profits Participation Fund. SRB has offices in major cities of Sindh province like Karachi, Mirpurkhas, Hyderabad, Larkana, Shaheed … Read more
PRA stands for Punjab Revenue Authority, PRA is a governmental organization established to look after the tax related matters and tax collection system in Punjab province of Pakistan. The primary objective of PRA is to broaden the tax base, increase revenue generation and ensure the compliance and efficiency in tax collection in Punjab. To streamline … Read more
Income Tax Ordinance 2001 (ITO) is the detailed legislation that provides the legal framework for administration, collection of income tax in Pakistan. ITO came into force on July 01, 2001 and amended many times, last it was amended on 2023. It provides the in-depth rules and regulations for individuals, companies, associations of persons and any … Read more
With the advancement in technology, every country is shifting to digitalization for every purpose. For taxation and revenue collection, technology advancement is very important. To better manage the revenue, Federal Board of Revenue established a portal called IRIS which helps the tax filers to file their income tax and sales tax return easily. In this … Read more
Before diving into PTA Tax and PTA tax calculator, let’s just discuss the brief history of PTA tax in Pakistan. Before year 2019 anyone can bring mobile phone to Pakistan without paying any tax on it to Government of Pakistan. Which was a big leakage in tax collection system as well as tracking of those … Read more
PSID stands for Payment Slip Identifier, basically you cannot pay any tax to FBR unless you have the PSID with you. Payment Slip ID refers to the number which is linked to the tax you are about to pay against your NTN of CNIC number. PSID is consists of unique numbers generated through online portal. … Read more
