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This page was last edited on 10 December 2024, at 17:39 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
For companies, the tax day (i.e. tax return due date) is now the 15th day of seventh month following the end of income year; alternatively, where that fifteenth day is before 15 September, the tax day is 15 September of the year following the end of the income year. [3]
The day is observed in Bangladesh, marks one of the most sacred days in the Islamic calendar, signifying the last Friday of Ramadan. It is a day of profound prayer and reflection, where Muslims across the nation gather in mosques, seeking forgiveness and blessings in the closing moments of this holy month.
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
Pakistan holidays are celebrated according to the Islamic or local Pakistani calendars for religious and civil purposes, respectively. Religious holidays such as Eid are celebrated according to the Islamic calendar whereas other national holidays such as Labour Day, [1] Pakistan Day, Independence Day, and Quaid-e-Azam Day are celebrated according to the Gregorian calendar.
8 August – Arshad Nadeem clinches Pakistan's first Olympic track and field medal after winning gold at the men's javelin throw at the 2024 Summer Olympics in Paris. [ 101 ] 9 August – Three soldiers and four militants are killed in attacks on three army outposts in the Tirah Valley , Khyber Pakhtunkhwa, that are claimed by the Gul Bahadur ...
Low tax-to-GDP ratio: Pakistan’s tax-to-GDP ratio remains lower than the global average. In recent years, the ratio has been approximately 9.5%, far below that of neighboring countries like India (16%) and Bangladesh (12%). This indicates inefficiencies in tax collection and necessitates systemic reforms.
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.