Income Tax & Auditing in Pakistan: A Complete Guide for Businesses and Individuals
TL;DR Income tax auditing helps businesses and individuals in Pakistan remain compliant with Pakistan’s income tax laws, reduce audit risks, and identify legitimate tax-saving opportunities. The Federal Board of Revenue conducts different types of audits based on compliance risk, including general, special, investigation, and forensic audits. Income tax compliance involves more than audits. Proper NTN […]
Complete Guide to Business Tax Compliance in Pakistan
TL;DR Business tax compliance in Pakistan includes registration, filing, reporting, and responding to FBR requirements. Income tax and sales tax follow different rules and require separate registrations. Company registration triggers tax obligations but is not tax compliance itself. Sole proprietors, SMEs, and companies face different compliance responsibilities. Import and export activities create additional tax obligations […]