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 […]
SRO 1376(I)2024 for Duty Collection on Property Transfers
FBR has issues SRO Excise Duty On Property SRO 1376(I)2024 outlines the procedure for collecting FED on commercial property and open plots or residential property in Pakistan. Here’s a breakdown: […]
Property Tax Rates for Filers and Non-Filers 2024
The recently announced Finance Act 2024 introduces changes to property transaction taxes. This article clarifies the new tax rates for both buying and selling immovable property (land, buildings, etc.), with […]
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 […]
Tax Rates on Builders & Developers
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 […]
PTA Taxes on Imported iPhone Mobiles in Pakistan
In a major update, Pakistan has unveiled its official tax rates for imported iPhone mobile in 2024. The Federal Board of Revenue (FBR) has categorized the taxes on iPhone based […]
SRB Exemptions/Reduced Rates for Sales Tax 2025
Summary of Sindh Sales Tax Exemptions and Regulations Small-scale businesses: Restaurants, beauty parlors, and clinics with annual turnovers below Rs. 2.5 million can qualify for sales tax exemptions under specific […]