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Below is a summary of the applicable sales tax rates in Pakistan: [7] Sales tax on goods: 18%; Sindh Sales tax on services: 15%; ... 2022-2023 7163.8 2023-2024 9.285
The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal ... Increasing the sales tax rate from 12% to 15 ...
General tax rate for banking companies increased from 35% to 45%. A 1% tax on deemed rental income applied to the fair market value of certain immovable properties owned by resident persons in Pakistan. Revised capital gains tax on immovable properties in Pakistan to tax sales of open plots held for less than six years.
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the sigma falls differently on different groups in each country and sub-national unit.
2023 Tax Brackets and Income Tax Rates. Tax returns for 2023 were due on April 18, 2024, for most filers.If you secured an extension by tax day, your new federal filing deadline was Oct. 16, 2024.
List of countries by tax rates; Tax revenue to GDP ratio; ... Pakistan — 7.50% — 2000: 55 795 ... 2023: 178 400.00: 11.21%: 20 000.00: 2022
The Inland Revenue Service (IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty. [1] [2]
On 8 October 2021, 136 countries agreed to a plan of Organisation for Economic Co-operation and Development (OECD) to implement 15% global minimum tax rate, starting in 2023. 4 countries are yet to sign up (Kenya, Nigeria, Pakistan, and Sri Lanka). [1]