FINANCE

PAKISTAN TAX SYSTEM

TAX is administered by FEDERAL BOARD OF REVENUE.

Taxes in parkistan

company taxes-29 percent for company whereas for banking is 35 percent

Sales tax ranges date differ depends on the nature

Capital gain tax -The rate differ depending on asset and number of years in use

PERSONAL INCOME TAX RATE

TAXABLE INCOME ;LESS AND EQUAL Rs600,000- 0 PERCENT

MORE THAN Rs600,00 AND LESS THAN 1,200,000:2.5 PERCENT

MORE THAN Rs1200,000AND LESS & =2,400,000:15000+2.5 PERCENT AMT>1,200,000

MORE THAN Rs2400,000AND LESS & =3,600,000:165000+20 PERCENT AMT>2,400,000

MORE THAN Rs3600,000AND LESS & =6000,000:405000+25PERCENT AMT>3,600,000

MORE THAN Rs6000,000AND LESS & =12,000,000:1,005,000+32.5PERCENT AMT>6000,000

MORE THAN 12,000,000:2,995,000+35PERCENT AMT>Rs12,000,000

Disclaimer; we made effort to present tax information; however we disclaim all liability as a result of reliance on this article. Consult your professional