Tax Rates on Payments to Non Residents
1. Withholding Tax on Payments to Non-Residents Every person making certain types of payments to non-residents is required to deduct tax at specified rates. These payments may include: a. Royalty […]
Freelance Income Tax Rates (Current) in Pakistan
Are you a freelance professional in Pakistan, wondering about your tax obligations? Understanding the intricacies of freelance income tax can be a daunting task. However, with the right information, you […]
Understanding Tax Rates for Filers and Non-Filers
The Myth of Higher Tax Rates for Non-Filers Contrary to popular belief, being a non-filer does not necessarily mean paying higher taxes in Pakistan. In specific scenarios, the tax rate […]
Tax Rates for Online Businesses in Pakistan
Online Marketplaces An online marketplace is a digital platform operated by an e-commerce entity. It serves as an intermediary between buyers and sellers, facilitating transactions over an electronic network. Think […]
How to Apply for a Reduced Withholding Tax Rate?
The Federal Board of Revenue (FBR) in Pakistan allows eligible taxpayers to apply for a reduced withholding tax rate on the import of raw materials. This process can be completed […]
Withholding Tax Rates for Financial Year 2025 in Pakistan
These are the withholding tax rates applicable from July 1, 2024 in Pakistan. Minimum limit on tax deduction for payments against goods and services Shall be Rs 75000/- and Rs […]
Builders and Developers Withholding Tax Rates (2025) in Pakistan
Before a builder or developer can sell their property, they must obtain approval for their building plans and pay an advance tax. This tax is a percentage of the total tax they are expected to pay, as determined by the specific rates and categories outlined in the Income Tax Ordinance.
New Vehicle Token Tax Punjab: Based on Invoice Value
The Punjab government has implemented a significant change to its vehicle taxation system, impacting annual token taxes for cars registered in Punjab. Here’s a breakdown of the key points: Goodbye […]
SRB Tax Rates for Professionals & Consultants 2025
Key Taxable Services and Rates Telecommunication Services: Subject to a standard sales tax rate of 19.5%. This includes various services like voice calls, SMS, internet, and data services. Restaurants: Small […]
Sindh Increases SST Rates Withdraws Discount on Card Payments
The Sindh government in Pakistan has implemented a revised sales tax structure for the 2024-25 fiscal year, aiming to increase revenue generation. Here’s a breakdown of the key changes: Sales […]