Taxation according to a person’s ability to pay is universally accepted principle, and income is considered a satisfactory though not a sufficient index of such ability to pay. Income Tax is, therefore, generally recognized as a highly equitable form of taxation. A tax levied on income can normally be shifted to others and thus its incidence is on those for whom it is intended. Since income tax is progressive in nature, it tends to reduce economic disparity.
A system of licensed manufacturers & wholesalers was instituted whereby they were allowed to purchase goods free of sales tax from each other and pay tax on sales to unlicensed traders. Imports were chargeable to Sales Tax but the licensed manufacturers & wholesalers were allowed to import goods without the payment of Sales Tax. Later on Sales Tax became chargeable on locally produced & imported goods at the time of their sales & import, respectively.
REGISTRATION IN FBR & SRB
FILING OF RETURNS INCOME TAX ORDINANCE 2001 & RULES 2002
SALES TAX ACT 1990
SINDH SALES TAX ON SERVICES ACT 2011
WITHHOLDING TAX INCOME TAX ORDINANCE 2001 RULES 2002