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Pro rata is an adverb or adjective meaning in equal portions or in proportion. [1] The term is used in many legal and economic contexts. The hyphenated spelling pro-rata for the adjective form is common, as recommended for adjectives by some English-language style guides. In American English, this term has been vernacularized to prorated or pro ...
The tax structure is progressive, aiming to fairly distribute the tax burden across different income groups. 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 of IT services is ...
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 ...
The end of the year is rapidly approaching, meaning tax time is around the corner. Maybe this time, you want someone to help you. I recently was a panelist on Yahoo Finance’s series, Financing ...
This term is also often used in the lending area and in bankruptcy proceedings, where creditors are said to be paid pari passu, or each creditor is paid pro rata in accordance with the amount of his claim. Here its meaning is "equally and without preference". There have been cases where decisions were based on different interpretations of the ...
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Blake Lively could be headed to trial over the claims made in her sexual harassment complaint against Justin Baldoni, a legal expert tells PEOPLE.. According to Gregory Doll, who is a partner at ...
In some countries, interest is accepted as a business expenditure and given tax exemption, but profit is taxed as income. The clients of the business who obtain funds on a PLS basis must bear a financial burden, in terms of higher taxes, that they would not if they obtained the funds on an interest or fixed debt contract basis; [5] [62]