Latest Insights
The Credibility Gap - Fiscal Deficit Vs. Trust Deficit.
Pakistan tax revenue to Gross Domestic Product (GDP) ratio, as per the economic survey 2019,during the preceding financial year, was a mere 13.9% along with an overall fiscal deficit of 4.9%.
TAXING FOREIGN RENTAL INCOME
Naturally, the earning of rental income from such properties situated abroad has given rise to the dilemma of whether this foreign source income would be taxable in Pakistan or not.
TAXING THE DIGITAL ECONOMY
“A revolution is not an event, but a process!” Mankind has witnessed several revolutions which have shaped the world we live in today. This revolution is the era of Internet / Digitization or as one might term it the era of “Digital Economy”.