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Over-reliance on Indirect Taxes: Pakistan’s tax system is heavily dependent on indirect taxes, such as sales tax, which are regressive and disproportionately affect low-income individuals. Corruption: According to a 2002 study, 99% of 256 respondents reported facing corruption with regard to taxation. Furthermore, 32% of respondents reported ...
The IRS has been a prominent subject of deliberations between Pakistan and the International Monetary Fund (IMF). The IMF has put forth several tax reform recommendations to the Pakistani government. These recommendations encompassed the removal of sales tax exemptions on fertilizers, pesticides, and tractors, the maintenance of general sales ...
The National Database & Registration Authority (NADRA) (Urdu: قومی مقتدرہِ اندراجات و معطیات) is an independent and autonomous agency under the control of the Interior Secretary of Pakistan that regulates Government Databases and statistically manages the sensitive registration database of all the National Citizens of Pakistan.
The Federal Tax Ombudsman Ordinance of 2000 [1] and the Federal Ombudsman Institutional Reforms (FOIR) Act of 2013 [2] confer powers, including administrative and financial autonomy. This aligns with the separation of Pakistan's judiciary and executive branches in accordance with the Constitution.
The following tax preparation services offer Free File for federal taxes: 1040Now. ezTaxReturn.com. FileYourTaxes.com. On-Line Taxes. TaxAct. FreeTaxUSA. TaxSlayer. State Free File offering ...
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 ...
Register of Tax Liens – register of tax liens put on a collateral, either a movable, such as a vehicle (a road vehicle, a rolling stock vehicle, an aircraft, a boat, or a ship, excluding ships registered by one of the 2 maritime chambers in the Register of Ships, because they are covered by a dedicated instrument called ship mortgage), other ...
Currently for Pakistan, ISO 3166-2 codes are defined for 1 federal capital territory, 4 provinces, and 2 Pakistan administered areas. The Islamabad Capital Territory contains the capital of the country Islamabad and has special status equal to the provinces and territory. Each code consists of two parts, separated by a hyphen.