RA Consultants

One stop consulting for all your Taxation, USA Tax and Compliances, Financial Accounting and ERP needs.

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The Bill proposes a special procedure for small traders and shopkeepers covering:

rate of tax
payment of tax
fixed tax
return filing
audit

Subject to approval of the Bill.

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#TaxCompliance #SmallTraders #Shopkeepers

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The Bill proposes to include more items in the Third Schedule for tax collection on retail prices.
Businesses should review product classification, pricing, invoicing, and compliance impact.

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#ThirdSchedule #SalesTax

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The Bill proposes to tax income received by an LLP member where the LLP’s income is exempt.
The existing rule keeping
exempt AOP income exempt in members’ hands is also proposed to be omitted.

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#LLP #IncomeTax

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The Bill proposes a new Section 47AA, allowing algorithm-based settlement offers before orders under Sections 11D or 11E. Payment is required within 10 days.

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#SalesTax #TaxCompliance

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The Bill proposes to expand the definition of “association of persons” to include limited liability partnerships. LLPs should review possible tax classification and compliance impact.

Subject to approval.

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#LLP #TaxCompliance #Pakistan

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Bill proposes empowering the Commissioner for re-audit or re-valuation based on audit observations.

Businesses should review records and audit readiness.

Subject to approval.

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#TaxCompliance #Audit

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The Bill proposes that the transfer of immovable property on death includes family settlements among members.
It may clarify tax neutrality in inheritance cases.

Subject to approval.

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#Inheritance #PakistanTax

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E-Invoicing Non-Compliance The Bill proposes wider powers under Section 21 of the Sales Tax Act, 1990.

Failure to integrate e-invoicing or comply with Section 40C may lead to de-registration, suspension, or blacklisting.

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#EInvoicing

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The Bill proposes an electronic system for adjustment of Debit / Credit notes, as prescribed by the Board. A key proposed reform that may affect documentation and compliance workflows for businesses.

Subject to approval of the Bill.

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The Bill proposes to omit tax on deemed income from capital assets under Section 7E.

This may affect taxpayers holding capital assets and their income tax planning.

Subject to approval of the Bill.

RA Consultants
WhatsApp: [phone]
#Section7E #IncomeTax #PakistanTax

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Proposed e-commerce tax adjustment
Tax collected on digitally ordered goods/services through local e-commerce platforms may become adjustable for persons with turnover above Rs. 200M in a tax year.

Subject to Bill approval.

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#ECommerce

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Proposed tax relief for salaried individuals:
35% tax rate threshold may increase from Rs. 4.1M to Rs. 7M, with new intermediate brackets and withdrawal of surcharge. Subject to Bill approval.

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#IncomeTax #TaxRelief

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Sales Tax Proposed National Faceless Centre
The Bill proposes a new faceless system for:
audits, assessments, appeals through a National Faceless Centre.
A key proposed reform aimed at improving efficiency and transparency.

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#SalesTax

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Overseas agents with no U.S. knowledge can create costly compliance problems.
Wrong filing advice, missed deadlines, weak records, and poor reporting guidance can become expensive later.
Choose advisors who understand U.S. rules.

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#USALLC

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#NGORegistration #Pakistan #Trust #Society #Section42 #Compliance

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There is no single “NGO registration” in Pakistan.
NGOs can be registered through different legal routes such as Trust, Society, or Section 42 Company.
Different structure = different authority, governance, and compliance.

Choose carefully before registration.

1/n

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Is your NPO ready for year-end?

Review annual filings, donation records, exemption status, withholding matters, financial statements, and supporting documents.

Small gaps today can become major issues later.

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#NPO #TaxCompliance #FBR

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NPOs can put their tax benefits at risk through missed filings, weak records, improper use of funds, activities beyond stated objectives, or non-compliance.

Strong governance protects your mission and tax position.

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#NPO #FBR #Compliance

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No U.S. tax for foreigners is a dangerous myth.
Foreign status alone does not always mean no U.S. tax or reporting exposure.
Tax may still depend on income source, business activity, structure, and U.S. connections.

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#USTax #Foreign

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NTN registration is not enough for an NPO.

It provides a tax identity, but tax-exemption review, applicable FBR requirements, annual filings, and proper records may still matter.

Registration alone does not guarantee exemption.

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#NPO