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 Tax Rates (Current) 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 […]
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 […]
FBR Imposes Fixed Monthly Taxes on High-End Shops under Tajir Dost
The Federal Board of Revenue (FBR) has implemented a new tax regime targeting high-end shops under Tajir Dost Scheme in major cities across Pakistan. This policy involves fixed monthly tax […]
Reduced Sales Tax Rate for Beauty Businesses – SRB
The Sindh government has introduced a conditional sales tax exemption for beauty parlors and clinics, bringing some relief to smaller businesses in the industry. The Sindh Revenue Board (SRB) has […]
Revised Tax Rates for Professional Firms for 2025
The Finance Act 2024 introduces adjustments to the tax structure for professional firms in Pakistan. Here’s a breakdown of the changes: Previously Existing Tax Rate: Prior to the Finance Act, […]
New Tax Rates for Exporters 2025
The Federal Board of Revenue (FBR) has implemented a revised tax system for exporters of goods, replacing the previous final tax regime. This article unpacks the key changes and their […]
Difference Between Super Tax and Surcharge on Salary
Super Tax vs. Surcharge: Super tax: This is an existing tax levied on very high income earners in Pakistan. It kicks in for incomes exceeding Rs. 150 million. Surcharge: This […]