Tax

Double taxation is the collection of tax by two or more jurisdictions on the same income, assets, or financial transactions. This can happen if income…

Objectives of the Industrial Relations Act The primary goals of labor-management relations are to create a productive, engaged workforce and to eliminate the perception that…

Strike and Lockout Workers have a right to strike, and employers have a right to lock out workers if an argument cannot be determined. Certain…

Partial Disablement and Total Disablement Disability can be considered temporary or permanent, and it can be full or partial. Both total and partial disability benefits…

Zero-rated Goods Zero-rated Goods refers to items that are taxable, but the rate of tax is nil on their input supplies. Zero-rated goods are products…

Excise Duty An excise duty is an inland tax on the sale, or production for sale, of specific goods or a tax on a good…

Duties and Responsibilities of VAT Assessee Value Added tax refers to the tax applied to value-added as per prescribed rate. In fact, it is a…

A bond-washing transaction is a transaction where securities are sold sometime before the due date of interest and reacquired after the due date is over.…

Tax Shifting Last but not the least, the process of transferring the direct money burden of a tax to another person is known as the…

Recognized Provident Fund (RPF) Recognized Provident fund is constituted under the conditioned mentioned in Part B, First schedule in the Income Tax Ordinance, 1984 and…