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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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PIAC is typically needed by individuals who are required to report their income, expenses, and assets to relevant authorities. This includes individuals who are self-employed, freelancers, or have income from multiple sources. It is also required for individuals applying for government benefits or assistance programs. PIAC is an important document for financial planning, tax filing, loan applications, and other financial matters.
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Piac refers to the Payment in Lieu of Accrued Compensation, a form of tax reporting related to certain payments.
Typically, employers who make payments to employees or contractors that are not subject to normal withholding tax are required to file 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.
The purpose of piac is to report certain compensation payments to the tax authority, ensuring proper tax compliance and reporting.
Information such as the amount paid, recipient details, and the nature of the payments must be reported on piac.
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