Ghazi Law Associates

31/12/2025

31/12/2025

May this year be full of Success and prosperity for all of us.

31/12/2025

InshAllah

31/12/2025

GLA Team enjoying Nihari lunch on the last day of 2025

02/07/2025

The recent judgment of the Honourable Supreme Court of Pakistan regarding the FMCG the consumer goods defined in (13AB) and (22A) of section 2 of the Ordinance has been further elucidated. The judgment Civil Petition no 885 of 2024 etc has stressed upon adherence to the definition of the words “consumer goods” as defined in the Ordinance. This definition mean goods that are consumed by the end consumer rather used in production of another goods” judgment further explains that goods supplied in retail market as per the daily demand of the consumer predominantly used by the end consumer.

The frivolous use of 122(5A) of the Income Tax Ordinance to target high revenue individuals should be curtailed by looking into the nature of work of the taxpayer before invoking 122(5A) and questioning the turnover in the ambit of 113 of the Income Tax Ordinance.

25/06/2025

Documents required for Tax Filing 2025

*1.*Salary Slips (For Salaried Individuals)
1a. Monthly salary slips from your employer. (Should include basic salary, allowances, deductions, and tax withheld (if any).

*2.*Bank Statements (01st July, 2024 – 30th June, 2025)
2a. Personal and business account statements (if applicable). (Shows income, expenses, and transactions.)

*3.*Proof of Tax Deduction (Where Applicable)
3a. Withholding Tax Certificates (e.g., from banks, employers, or service providers).
• Examples:
o Salary Tax Deduction Certificate
o Bank Withholding Tax Certificate

*4.*Rental Income Documents (If Applicable)
4a. Rental agreements.
4b. Proof of rental income received (bank deposits or receipts).

*5.*Business Income Documents (For Self-Employed/Filers)
5a. Business registration documents (if applicable).
5b. Invoices, receipts, and expense records.
5c. Profit & Loss Statement.
5d. Share of AOP or income from any other business.

*6.* Property Documents (If Owning/Selling Property)
6a. Purchase/sale deeds.
6b. Capital Gains Tax (CGT) statement (if property was sold).

*7.* Investment Proof (If Applicable)
7a. Dividend certificates (from stocks).
7b. Profit certificates (from mutual funds, savings accounts).

*8.* Utility Bills (For Address Verification)
8a. Electricity, gas, or water bills (not mandatory but helpful for address proof).

*9.* Previous Tax Returns (If Already a Filer)
9a. Copy of last year’s tax return (Form 114/115).
9b. Copy of the Wealth Statement for the last year

*10.* Foreign Remittance Documents (If Applicable)
10a. Bank statements, tax certificates from foreign sources.

Note:
• Late filers may face penalties.

Mamoon Nisar Advocate High Courts
BA HONOURS NOTTINGHAM (UK), LLB
FELLOW OF INSTITUE OF PUBLIC ACCOUNTANTS (AUSTRALIA)
FELLOW OF INSTITUE OF FINANCIAL ACCOUNTANTS (UK)
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24/06/2025

Despite lower interest costs, key institutions get double-digit budget hikes

03/04/2025

The FBR has shown progress but its a long way to go. The answer is only digitalization and reducing the discretionary powers of the Officers in the FBR.

"The system could be improved with 100 percent digitalization, third-party validation and continuous monitoring"

The FBR field formation should only have one task at hand and that is to bring new taxpayers in the tax net. This decision needs to be taken as soon as possible with the growing obstacles such as US tariffs and war zones around the globe.

This will be a true game changer if what the government claims is being done which is to put in place algorithms at the assessment stage.

ISLAMABAD: On his return from Saudi Arabia, Prime Minister Muhammad Shehbaz Sharif Saturday chaired a meeting on the...

26/02/2025

The Federal Tax Ombudsman has made a very glaring clarification that the Sales Tax Act 1990 does not recognize net metering adjustments, and the tax must be levied on the total electricity supplied by DISCOs to consumers, regardless of any energy fed back into the grid. A similar ruling applies to the withholding of income tax under Section 235 of the Income Tax Ordinance 2001, which must also be deducted on the gross amount.

The order rebuffs previous guidance from the National Electric Power Regulatory Authority (NEPRA) and the Alternative Energy Development Board (AEDB), stating that tax laws override any regulations issued by these entities. It further criticized 11 out of Pakistan’s 12 DISCOs for failing to comply with legal tax provisions, noting that only K-Electric has been charging sales and income tax correctly on electricity bills.

This Federal Tax Ombudsman judgment calls for a very urgent amendment in the tax laws in terms of the energy fed into the grid by the solar panels through net metering. Otherwise the electricity bills in upcoming summers will soar for also the net metering consumers.

The FTO’s decision follows a complaint from a K-Electric consumer who alleged discriminatory treatment, as NEPRA’s 2015 framework had allowed net metering deductions. However, the FTO ruled that fiscal laws take precedence over regulatory guidelines.

Move aims to plug Rs9.8 bn revenue loss; tax to be charged on gross supply, not net metering basis