MTPF is the best way to save and invest for your post-retirement needs and it has the potential to deliver superior returns with the added advantage of providing immense Tax Benefits* which significantly enhances the yield on your investment. What is a Pension Fund in Pakistan A pension fund is a financial entity established by…
As per Lawkidunya, an approved annuity plan is the plan approved by the SECP and offered by the life insurance companies authorized by the SECP. An annuity by its very nature can be called a financial plan that makes a regular stream of payments to the annuity holder. What is an Approved Annuity in Pakistan…
As per Lawkidunya, in Pakistan, companies can establish approved gratuity funds to offer financial security to their employees upon retirement, disability, or death. These funds offer tax advantages for both employers and employees, making them a valuable tool for employee benefits planning. Is Gratuity Taxable in Pakistan Therefore, gratuity is considered part of your overall…
ISLAMABAD: The interim government has failed to broaden the tax base, with the number of income tax return filers shrinking 35% to just under 3.9 million compared to last year, amid challenges to achieve monthly tax collection targets. The caretaker government, whose rule has now effectively ended with the oath of the new National Assembly,…
ISLAMABAD: Bad news by FBR, because the caretaker government’s claims of improving the fiscal side were exposed as the Federal Board of Revenue (FBR) faced a revenue shortfall of Rs33 billion in February 2024. According to a The News report, the tax authorities were only able to collect Rs681 billion against the set target of…