Knowledge is Blessing for Those who act upon
CFO Oversight is not just a consultancy platform but also a part of educational journy of AFAP Group. As a professional emparting education is our duty towards society. Process of educating society is not limited to only written resources but actions are also a significant and inevitable part of it. Acquiring knowledge is not enough; its true value lies in applying that knowledge through actions, making it a beneficial blessing for those who actively use it in their lives.
This publication section is intended to serve as a forum for disseminating information on taxation, corporate laws, governance, auditing and accounting practices, business and finance, and topics of current national and international interest. In addition to being a forum, our publications are also intended to keep clients and staff informed about the latest regulatory and legislative changes, and financial and corporate reporting requirements for businesses.
Restrictions and Disadvantages of Being a Non-Filer
Pakistan is taking a hard stance on non-compliance by linking everyday financial activities directly to tax-filing status. No more excuses now for anyone earning taxable income or holding significant assets. They must file their returns, get on the ATL, and enjoy unrestricted access to bank services, property, and investments.
Application of Sales Tax and Income Tax on the e-Commerce Industry
The Finance Act, 2025 has significantly formalized the taxation framework for the e-commerce sector in Pakistan. All digital businesses—whether individuals, startups, or platforms—must review their operations to ensure compliance with sales tax registration, withholding mechanisms, and digital transaction reporting.
Five Legal Ways to Reduce Your Business Tax in Pakistan
Effective tax management is not about tax avoidance—it’s about compliance, smart planning, and diligent execution.
No individual or enterprise should be liable to pay more tax than what is legally due. However, many businesses—particularly startups and SMEs—struggle with tax management, often due to a limited understanding of applicable tax laws. This results in excessive or inaccurate tax liabilities.
