Taxationist Corporate Consultants

Taxationist Corporate Consultants Taxationist Corporate Consultants is a key regional player in tax, corporate consulting and advisory

Our daily challenges are acquiring the most up-to-date knowledge in financial and legal advisory functions as well as an up-to-date legal knowledge of the latest amendments and utilizing this knowledge to maximize the value added services to our clients.

22/07/2026

Is Western Union Remitly Money Considered Banking Channel for Foreign Remittance? | Sec 111 of ITO
This video explains whether remittances received through Western Union, Remitly, or other exchange companies qualify as "normal banking channels" under Section 111(4) of the Income Tax Ordinance, 2001, and what conditions — including the Rs. 5 million limit and bank encashment certificate — must be met to claim this exemption from unexplained income provisions.



27/06/2026

PRA Active Taxpayer List Mandatory for Issuance & Renewal of License by Regulators & Govt Contracts
Under the Punjab Finance Bill 2026, Section 76A has been completely replaced — effective 1st July 2026, any licensing authority in Punjab is now legally bound to verify Active Taxpayer List (ATL) status of PRA before issuing or renewing any business license, and all procuring agencies must confirm ATL registration before awarding or renewing any government contract, meaning unregistered or non-compliant businesses risk losing both their licenses and contract eligibility — the only relief is for newly established businesses, who are exempt from this requirement for the first 6 months from their date of registration.



27/06/2026

3 input Adjustment Changes in PRA| 80% Input tax Adjustment| Capital Goods Now in 12 Instalments
The Punjab Finance Bill 2026 has introduced 3 major changes to input tax adjustment rules under PRA effective 1st July 2026 — input tax is now completely disallowed on invoices from suppliers not appearing on the Active Taxpayers List of PRA or FBR, the input tax adjustment cap has been reduced from 90% to 80%, and under the new Section 16CC, input tax on capital goods, machinery, and fixed assets must now be adjusted in 12 equal monthly instalments instead of a lump sum — watch this video to understand how these changes impact your business cash flow and tax compliance.






27/06/2026

Restaurant Tax Increased to 8% on Digital Payments | Punjab Finance Bill 2026
Starting 1st July 2026, restaurant services in Punjab will be taxed at just 8% if customers pay via card, mobile wallet, or QR code — down from the standard 16%! This amendment to the Punjab Sales Tax on Services Act 2012 (Second Schedule, Part III, S/N 1), through the Punjab Finance Bill 2026 is a major push toward digital payment adoption. Cash payers will still face 16%. A must-watch for restaurant owners, tax practitioners, and customers alike.





24/06/2026

FBR is Now Taking 5% of WHT on YouTubers & Content Creators' Income| Tax on Social Media Income
Pakistan ke content creators aur social media influencers ke liye bada update aa gaya hai! 🚨
FBR ne Budget 2025-26 mein propose kiya hai ke YouTube, TikTok, Facebook, Instagram se earning karne walon par 5% withholding tax lagaya jaye — aur ye tax directly aapke bank account se kaat liya jayega! 💸
Is reel mein janiye:

✅ Kaun affected hai — creators, influencers, digital earners
✅ 5% tax kab aur kaise katega
✅ Pehle sirf 1% tax tha — ab 5% kyun?
✅ Filer vs Non-Filer — kya farq padega
✅ Ye minimum tax hai ya final tax?

Agar aap content creator hain ya social media se paise kamate hain — ye video aapke liye zaroor hai!





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Tax Immunity of Approved NPOs Against Super Tax LiabilitiesThe Appellate Tribunal Inland Revenue has delivered a landmar...
22/06/2026

Tax Immunity of Approved NPOs Against Super Tax Liabilities
The Appellate Tribunal Inland Revenue has delivered a landmark judgment in the case of Shifa Tameer-e-Millat University, clarifying the tax obligations of Non-Profit Organizations (NPOs). The Tribunal ruled that approved NPOs entitled to a 100% tax credit under Section 100C are not liable for super tax under Section 4C.

Key takeaways from the decision include the principle that if no tax is payable under the Ordinance, super tax cannot be lawfully charged or recovered. The Tribunal further established that an appeal is a continuation of original proceedings, allowing for the consideration of retrospective NPO approvals granted during the appeal process.

This judgment provides significant protection for educational institutions and NPOs, ensuring that their tax-exempt status effectively neutralizes super tax demands.
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17/06/2026

Relief for Freelancer, Software, IT & IT-Enabled Service Exporters Extended 0 25% Tax Export 2029
Major relief announced for Pakistan’s IT and IT-enabled services sector in the Finance Bill 2026! The Government has proposed to extend the concessionary final tax rate of only 0.25% on export proceeds of IT services and IT-enabled services (ITES) up to Tax Year 2029.

This extension supports:
✅ IT exporters
✅ Software houses
✅ Freelancers
✅ BPO & IT-enabled service providers
✅ Digital export growth
✅ Foreign exchange earnings

In this video, we discuss:
• What exactly has changed?
• Who can claim the 0.25% tax benefit?
• Previous sunset date vs new extension
• Impact on freelancers and software exporters
• Tax planning opportunities for the IT industry
Stay updated with practical tax insights on Finance Bill 2026.



17/06/2026

FBR Surcharge on Late Filing 2026| Company 100K, AOP 50K & Individual 25K
Agar aap ne abhi tak Income Tax Return file nahi ki — toh ye news aapke liye hai! 🚨
FBR ne Budget 2025-26 mein late filing surcharge mein bhari barhotri propose ki hai. Pehle individual ke liye sirf Rs 1,000 tha — ab ye Rs 25,000 ho jayega!
📊 Naya Jurmana Structure:
KaunPehleAb👤 IndividualRs 1,000Rs 25,000🤝 AOPRs 10,000Rs 50,000🏢 CompanyRs 20,000Rs 1,00,000
Ye surcharge Active Taxpayer List (ATL) mein shamil hone ke liye dena hoga agar return due date ke baad file ki.
✅ ATL mein hona kyun zaroori hai?

Bank transactions par kam tax
Property purchase/sale mein faida
Vehicle registration mein relief
Social media earning par kam withholding

File karo waqt par — bacho bhari penalty se! 💡
📌 Apna NTN banwao, return file karo aur ATL mein apna naam check karo aaj hi!




11/06/2026

How & Why Foreign Currency is Converted for Income Tax Filing | Section 71 Explained

Under Section 71 of the Income Tax Ordinance 2001, all amounts for tax purposes must be recorded in Pakistani Rupees. If you have income or transactions in a foreign currency, it must be converted using the State Bank of Pakistan's official exchange rate on the date the amount is taken into account. Whether you're a freelancer earning in dollars, an exporter dealing in euros, or receiving foreign remittances — this rule ensures tax calculations remain accurate, uniform, and legally compliant across all filings.

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107, 1st Floor, Paris Business Centre, Soan Garder
Rawalpindi
45710

Telephone

+923105197057

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