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Australia is on the threshold of a new economic era characterized by the biggest transfer of wealth in its history. With Baby Boomers, born between 1946 and 1964, nearing retirement or death, their wealth is slowly transferring to their children and grandchildren. This has been commonly termed as the Great Wealth Transfer. Central to this…

FPI in income tax, widely known as foreign portfolio investment, refers to investment by foreign entities in domestic financial securities such as stocks and bonds, without controlling the interest. Unlike Foreign Direct Investment (FDI), which involves a controlling stake and active involvement, FPI is a passive investment strategy focused on returns from financial assets. This…

The idea that the Amish don’t pay taxes is a widespread myth. Do Amish people pay taxes? Of course, they do. Amish communities, like other citizens, obey the tax laws of the United States. Their religious and cultural beliefs emphasize living peacefully and respecting the authority of the government, which includes fulfilling their tax obligations….

The National Tax Number (NTN) is a crucial identification number issued by the Federal Board of Revenue (FBR) in Pakistan. It is mandatory for individuals and businesses to conduct legal financial activities, file tax returns, and comply with tax regulations. If you’re wondering how to check NTN number online using your CNIC, this step-by-step guide will help you verify your…

The real estate taxation landscape in Pakistan witnessed a major change in 2024 with the introduction of a flat 15% CGT on capital gains on real estate transactions. This change, effective from July 1, 2024, replaced the long-standing tiered tax structure that previously encouraged long-term ownership of real estate. As we move into 2025, understanding…

As a responsible Pakistani taxpayer, it is very important to comply with tax laws. One important aspect is knowing your active taxpayer status. This status affects your eligibility for tax benefits and exemptions. In Pakistan, you can check active taxpayer status online in three easy ways: online through the FBR website, by sending an SMS…

Motor Vehicle Tax Details 2025 Motor Vehicles Tax is a major levy levied by the Department of Excise and Taxation, which contributes substantially to the government’s revenue. It serves as a major financial source for infrastructure development, road maintenance, and improvements in public transport. The tax is governed by the Motor Vehicles Ordinance, 1965, and…

In recent years, the mobile phone industry in Pakistan has experienced exponential growth. With the increasing demand for smartphones, the government has introduced various tax on mobile phones in Pakistan to generate revenue and regulate the market. However, these taxes have sparked debates among consumers, manufacturers, and policymakers. This article delves into the details of…

Income tax is one of the primary ways through which governments generate revenue to fund public services. In Pakistan, income tax collection is based on progressive tax slabs, where the rate of tax increases with higher income levels. For 2025, the Government of Pakistan has updated the Pakistan income tax slabs, which apply to both…