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The IRS was established to manage domestic taxation in Pakistan, which includes the administration of Sales Tax, Income Tax, and Federal Excise Duty. This initiative was a pivotal part of a larger undertaking aimed at enhancing tax administration and boosting revenue collection within the country.
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The period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. Corporate Income tax rates Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export ...
These are the steps you should take to claim charity donation tax deductions: Calculate your total amount of contributions. Determine if it’s better to take the standard deduction or to itemize.
The following list of countries by charitable donation, prima facie, measures the generosity of nations by showing the total charitable donations from individuals within the nation, as a percentage of the nation's GDP.
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People looking to save money for a big trip or financial investment may want to make plans around an "extra" paycheck in their pocket.. Employees who get paid on a biweekly basis (every other week ...
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...