SROs, Circulars, Orders and other instructions relating to withholding tax issued by the Federal and Provincial tax authorities in Pakistan
Introduction The resident withholding tax rate is applied in accordance with the Division III of Part III of the First Schedule of the Income Tax Ordinance, 2001. Categorywise Resident Withholding Tax Rate Resident withholding tax rates under Section 153 of the Income Tax Ordinance, 2001 are as given below: Description Categories Rate Goods-Section 153(1)(a) Sale … Read more
Introduction The tax rate for payment to non resident under Section 152 of the Income Tax Ordinance, 2001 is given in the First Schedule of the Income Tax Ordinance 2001. Tax Rate for Payment to Non Resident for Royalty and Fee for Technical Services The withholding tax rate on payment of royalty and fee for … Read more
Introduction The tax rate on salary in Pakistan is given in the Division I Part I of the First Schedule of the Income Tax Ordinance, 2001: Salary Income Rate Where the salary income=<600,000 0% 1,200,000>=Salary income>600,000 5% of the amount>600,000 2,200,000>=Salary income>1200,000 30,000+15% of amount>1,200,000 3,200,000>=Salary income>2,200,000 180,000+25% of amount>2,200,000 4,100,000>=Salary income>3,200,000 430,000+30% of amount>3,200,000 … Read more
Introduction The Eleventh Schedule of the Sales Tax Act, 1990 describes the rates for withholding of sales tax in accordance with the Section 3(7) of the Sales Tax Act, 1990. Withholding Sales Tax Rates Under Eleventh Schedule Active Taxpayers Under Eleventh Schedule the Federal and provincial government departments; autonomous bodies; and public sector organizations and … Read more
Imports Advance tax rates on imports under Section 148 have been mentioned in Part II of the First Schedule of Income Tax Ordinance 2001. These rates are mentioned as given below: Persons importing goods mentioned in Part I of Twelfth Schedule 1% Persons importing goods mentioned in Part II of Twelfth … Read more
