Scribd Logo
Upload

Welcome to Scribd!

  • Section Individual Company 153 (1) (A) 153 (1) (B) 153 (1) (C) 233 (1) 233 (2) 150 155

    Uploaded by

    charismaticimran
    6 views2 pages
    This document outlines proposed changes to tax rates in Pakistan. For individuals, tax rates on services, contracts, commissions, agents, and dividends are increased for both filers and non-filers. Tax rates on cash withdrawals for non-filers are also increased. Capital gains tax rates for holdings under 24 months are raised. Rent tax rates above certain amounts remain unchanged. Tax rates for companies see smaller increases or remain the same for most items.

    Original Description:

    tax rate 2014-16

    Original Title

    Tax Rates

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document outlines proposed changes to tax rates in Pakistan. For individuals, tax rates on services, contracts, commissions, agents, and dividends are increased for both filers and non-filers. Tax rates on cash withdrawals for non-filers are also increased. Capital gains tax rates for holdings under 24 months are raised. Rent tax rates above certain amounts remain unchanged. Tax rates for companies see smaller increases or remain the same for most items.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views2 pages

    Section Individual Company 153 (1) (A) 153 (1) (B) 153 (1) (C) 233 (1) 233 (2) 150 155

    Uploaded by

    charismaticimran
    This document outlines proposed changes to tax rates in Pakistan. For individuals, tax rates on services, contracts, commissions, agents, and dividends are increased for both filers and non-filers. Tax rates on cash withdrawals for non-filers are also increased. Capital gains tax rates for holdings under 24 months are raised. Rent tax rates above certain amounts remain unchanged. Tax rates for companies see smaller increases or remain the same for most items.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Section

    Supplier

    153(1)(a)

    Individual
    %
    4.50

    Services

    153(1)(b)

    10.00

    8.00

    Contract

    153(1)(c)

    7.50

    7.00

    Commission

    233(1)

    12.00

    12.00

    Adv.Agent

    233(2)

    7.50

    7.50

    Dividend

    150

    Rent

    155

    10/15
    Upto Rs.150,000
    Rs.150,001 to Rs.1,000,000
    Rs.1,000,001 & above

    Company
    %
    4.00

    (sub to filer & non filer)

    Nil
    10 % of rent exceed. Rs.150,000
    15 % of rent exceed. Rs.1,000,000 plus Rs.85,000

    (fixed)

    Cash Withdrawal
    The withholding tax rate on cash withdrawal exceeding Rs. 50,000 from banks remains same for tax filer which is 0.3%
    and for non-filers; tax rate is proposed to be increased to 0.5%

    Capital Gain Tax


    Holding < 12 months
    Holding > 12 months < 24

    %
    12.50
    8.00

    Section
    Supplier

    153(1)(a)

    Individual (Old)
    %
    4.50

    Services

    153(1)(b)

    10.00

    10 / 15

    (sub to filer & non filer)

    8.00

    8 / 12

    (sub to filer & non filer)

    Contract

    153(1)(c)

    7.50

    7.5 / 10

    (sub to filer & non filer)

    7.00

    7 / 10

    (sub to filer & non filer)

    Commission

    233(1)

    12.00

    12 / 15

    (sub to filer & non filer)

    12.00

    12 / 15

    (sub to filer & non filer)

    Adv.Agent

    233(2)

    7.50

    10 / 15

    (sub to filer & non filer)

    7.50

    10 / 15

    (sub to filer & non filer)

    (sub to filer & non filer)

    12.5/17.5

    Dividend

    150

    10/15

    Rent

    155

    Upto Rs.150,000
    Rs.150,001 to Rs.1,000,000
    Rs.1,000,001 & above

    Individual (New)
    %
    4.5 / 6.5 (sub to filer & non filer)

    Company (Old)
    %
    4.00

    (sub to filer & non filer)

    Nil
    10 % of rent exceed. Rs.150,000
    15 % of rent exceed. Rs.1,000,000 plus Rs.85,000

    (fixed)

    Cash Withdrawal
    The withholding tax rate on cash withdrawal exceeding Rs. 50,000 from banks remains same for tax filer which is 0.3%
    and for non-filers; tax rate is proposed to be increased to 0.6%

    Capital Gain Tax


    Holding < 12 months
    Holding > 12 months < 24

    Old %
    12.50
    8.00

    New %
    15.00
    12.50

    Company (New)
    %
    4 / 6 (sub to filer & non filer)

    You might also like