Chris Matthews’s famous quote “Paying tax is not a punishment. It’s a responsibility”. Most developed countries with a simple and efficient tax system enjoyed higher GDP growth, investment and employment…
Pakistan’s economy has, over the years, transitioned towards a services-oriented economy, with services making up 58 per cent of total GDP, largely due to underinvestment in both the manufacturing and…
The taxation of “services” mentioned in section 153(1)(b) of the Income Tax Ordinance, 2001 [“the Ordinance”] with effect from tax year 2020 is subjected to “minimum tax regime” in cases…
According to the World Bank, Pakistan's current tax-to-GDP ratio at 12.4% is one of the lowest in the world. With respect to some estimates, it is still half of what…
At the outset, we must consider the statement made by a member of the action committee of the ongoing anti-taxation movement in Gilgit-Baltistan (GB): “Why [we] are opposing the imposition…
If the decade of the 1960s is called the golden era of industrialisation, the post-telecom sector deregulation era can be termed the age of revolution in the ICT sector. In…
Easier said than done; taxing the rich, based on modern history, is perhaps an impossible dream. After all the rich foot the bill for election campaigns all across the globe,…
In the current budget, the government has proposed to levy a wealth tax by proposing to enact a new law.1 The object of the tax is to provide financial assistance,…
Vide Section 4 of PSTSA, the Punjab Assembly legislated a unique concept of 'Principle of Origin' of service. This principle implies that if a registered person is providing taxable services…
The imposition of any kind of legislation that include levy of any tax or duty, cess etc having extraterritorial impact and involving entities operating on trans-provincial levels by any provincial…
