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Pakistan International Airlines Supply Chain Management Department Purchases Flight Kitchen Section, (PI ACL) Karachi Airport75200, Pakistan. Tel: +922199045131 / 5674, Fax: 34570120 Email: hijack
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What is piac?
Piac refers to the Payment in Lieu of Accrued Compensation, a form of tax reporting related to certain payments.
Who is required to file piac?
Typically, employers who make payments to employees or contractors that are not subject to normal withholding tax are required to file piac.
How to fill out piac?
To fill out piac, you need to gather all relevant payment information, complete the required forms accurately, and ensure that all necessary documentation is included.
What is the purpose of piac?
The purpose of piac is to report certain compensation payments to the tax authority, ensuring proper tax compliance and reporting.
What information must be reported on piac?
Information such as the amount paid, recipient details, and the nature of the payments must be reported on piac.
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