You need to report your taxes in Pakistan through Tax Returns. Sales taxes and withholding taxes must be reported on a monthly basis. Income tax is reported annually.
Tax reporting can be time-consuming especially in emerging markets like Pakistan. However, to keep your record straight, it is highly recommended to ensure your tax planning and outsource expertise from tax consultants.
Emerhub covers services on accounting and tax compliance in Pakistan such as:
- Tax reporting and compliance
- Accounting and Bookkeeping
- Payroll management
What are the consequences of non-compliance?
Non- compliance of taxes leads to several consequences such as:
- Tax Surcharge