Small Company
Banking Company
Any Other Company
20.00%
39.00%
29.00%
upto rs. 150million
exceeding rs. 150m but does not exceed rs. 200m
exceeding rs. 200m but does not exceed rs. 250m
exceeding rs. 250m but does not exceed rs. 300m
exceeding rs. 300m but does not exceed rs. 350m
exceeding rs. 350m but does not exceed rs. 400m
exceeding rs. 400m but does not exceed rs. 500m
exceeding rs. 500m
0.00%
1.00%
2.00%
3.00%
4.00%
6.00%
8.00%
10.00%
Persons importing goods classified in Part I of the Twelfth Schedule
Persons importing goods classified in Part II of 12th Schedule
Persons importing goods classified in Part II of 12th Schedule - in case of Commercial Importers
Persons importing goods classified in Part III of 12th Schedule
Persons importing goods classified in Part III of 12th Schedule - in case of Pharmaceutical Finished Goods that are not made in Pakistan, as certified by DRAP
Persons importing goods classified in Part III of 12th Schedule - if Manufacturers Covered Under S.R.O 1125(I)/2011 dated December 31, 2011 (as it stood on June 28, 2019), Importers of CKD kits of electrical vehicles for small cars (SUVs with 50 kwh battery and LCVs with 150 kwh battery or below)
1.00%
2.00%
3.50%
6.00%
4.00%
1.00%
2.00%
4.00%
7.50%
12.00%
8.00%
2.00%
149
149(3)
BoD Meeting Fee - Every person responsible for making payment for directorship fee or fee for attending Board meeting or such fee by whatever name called.
Please download Salary Tax Rates with Tax Calculator for the Year 2023-24 from the following weblink. https://www.finantax.net/resource-centre
20% of gross amount paid
a) Independent power purchasers, being a pass-through item under implementation/power/energy purch. Agreement required to be re-imbursed by CPPA-G and Companies engaged in bagasse and biomass based cogeneration power project qualifying for exemption under clause (132C) of Part-I of 2nd Schedule
b) Dividend received from a company where no tax is payable by such company due to exemption of income or carry forward business losses or claim of tax credits
c) Dividend Received by a person in Mutual fund, Money Market Fund / Income Fund, Real Estate Investment Trust, Modaraba and cases other than those mentioned in clauses (a) and (b) above
d) Dividend in specie - (Shares of Group Company)
7.50%
25.00%
15.00%
15.00%
15.00%
50.00%
30.00%
30.00%
.
Final
.
.
151(1)(a) Interest on National Saving Scheme (NSS), 151(1)(b) Interest on Bank Account, 151(1) (c) Interest on Federal Government, Provincial Government & Local Government Bonds 151(1)(d) Profit on bonds , certificates, debentures, securities or instruments of any kind (other than loan agreements between borrowers and banking companies or development financial institutions)
Where profit on debt does not exceed *Rs 5,000,000/-
Profit on debt from a debt instrument, whether conventional or Shariah compliant, issued by the Federal Government under the Public Debt Act, 1944
*Profit on debt exceeding Rs.50 million shall be chargeable to tax under "Income from other sources" on normal tax rates
15.00%
15.00%
10.00%
.
30.00%
30.00%
20.00%
.
Minimum / Adjustable in case of
Ind & AOP
Adjustable in case of Company
Interest on investment in Sukuks
In case of Company
In case of Individual & AOP (where the return is more than one million)
In case of Individual & AOP (where the return is less than one million)
.
25.00%
12.50%
10.00%
.
50.00%
25.00%
20.00%
Adjustable
Royalty or Fee for Technical Services
15.00%
Minimum
Execution of a contract or sub-contract under the construction, assembly or installation project in Pakistan including a contract for the supply of supervisory activities in relation to such projects or any other contract for construction or services rendered relating thereto. Contract for advertisement services rendered by TV Satellite channel.
7.00%
Minimum
Payment of insurance premium or re-insurance to a non-resident person
Payments for advertisement services from non-resident person relaying from outside Pakistan
5.00%
10.00%
Minimum
Minimum
Fee for Offshore Digital and * other specified Services.
* fee for money transfer operations, card network services, payment gateway services, interbank financial
telecommunication services
5.00%
Minimum
Profit on debt to nonresident person not having a Permanent Establishment in Pakistan, payments to an individual, on account of profit on debt earned from a debt instrument, whether conventional or shariah compliant, issued by the Federal Government under the Public Debt Act, 1944 and purchased exclusively through a bank account maintained abroad, a non-resident Rupee account repatriable (NRAR) or a foreign currency account maintained with a banking company in Pakistan shall be ten percent of the gross amount paid:
10.00%
Adjustable / Final in specified situations
Capital gain arising on disposal of debt instrument under SCRA
capital gain arising on disposal of debt instrument and government securities and certificates by non resident
Foreign Currency Value Account (FCVA) or a non-resident Pakistani. Rupee Value Account (NRVA) of a nonresident individual holding Pakistan Origin Card (POC) or National ID Card for Overseas Pakistanis (NICOP) or
Computerized National ID Card (CNIC).
10.00%
20.00%
Adjustable
Tax deduction on payment to nonresident, not otherwise specified.
20.00%
40.00%
Adjustable
Sale of Goods - Companies
Sale of Goods - Individuals / AOP
5.00%
5.50%
10.00%
11.00%
Minimum / not minimum subject to conditions
Minimum
Rendering of Services - Companies
Rendering of Services - Individuals / AOP
9.00%
11.00%
18.00%
22.00%
Minimum
Minimum
Execution of a contract other than a contract for sale of goods or providing/ rendering of services. - In case of sports persons
11.00%
22.00%
Minimum
Execution of a contract other than a contract for sale of goods or providing/ rendering of services. - Other than sports persons
8.00%
16.00%
Minimum
Shipping income (on Gross Amount)
8.00%
16.00%
Minimum
Foreign Produced Commercial
20.00%
40.00%
Final
Transport Services, Freight forwarding services, air cargo services, courier services, manpower outsourcing services, hotel services, security guard services, software development services, IT services (Software development, software maintenance, system integration, web design, web development, web hosting, network design) as defined in Clause (30AD) and IT enabled services (inbound and outbound call centers, medical transcription, remote monitoring, graphics design, accounting services, human resource (HR Services), Telemedicine centers, data entry operations, cloud computing services, data storage services, locally produced tv programs, insurance claiming processing) as defined in Cluase (30AE) , tracking services, advertising services (other than by print or electronic media), share registrar services, engineering services, car rental services, building maintenance services, services rendered by Pakistan Stock Exchange Limited and Pakistan Mercantile Exchange
40.00%
80.00%
Minimum
Persons importing goods classified in Part I of the Twelfth Schedule
1.50%
3.00%
Other Goods including Toll Manufacturing (if annual payment is > 75K)
4.00%
8.00%
Ind & AOP: Minimum Company: Minimum / not minimum for manufacturer / listed company.
Payment to distributer of cigarettes, pharma products
1.00%
2.00%
Minimum
Payment to Distributor, Dealer, Sub-Dealer, Wholesaler, Retailer (Tier-I retailer who are integrated and configured with board), of FMCG, Fertilizer, electronics excluding mobile phones, sugar, Cement, Edible Oil & Steel.
| ATL in both Sales Tax & Income Tax 0.25% | |
| 5% if company 5.5% other than company | 10% if company 11% other than company |
Minimum
Supply made by Distributors of fast moving consumer goods- Companies
2.00%
4.00%
Minimum / not minimum subject to conditions
Supply made by Distributors of fast moving consumer goods - Individuals / AOP
2.50%
5.00%
Minimum
Local sales, supplies, and services made to textile, carpets, leather, surgical goods & sports goods.
Trader of yarn 0.5% Others 1%
Trader of yarn 0.1% Others 2%
Minimum
Local supply of yarn traders to export oriented sector.
0.5%
1%
Minimum
For Sale of any other Goods - Companies.
(No deduction of tax where payment is less than Rs. 75,000/- in aggregate during a financial year).
5.00%
10.00%
Minimum / not minimum for manufacturer / listed company
For Sale of any other Goods - Individuals / AOP.
(No deduction of tax where payment is less than Rs. 75,000/- in aggregate during a financial year) .
5.50%
11.00%
Minimum
Payment for sale of gold and silver and articles
1.00%
2.00%
Warehousing services, services rendered by asset management companies, data services provided under license issued by the Pakistan Telecommunication Authority, telecommunication infrastructure (tower) services.
(No deduction of tax where payment is less than Rs. 30,000/- in aggregate during a financial year)
3.00%
6.00%
Transport Services, Freight forwarding services, air cargo services, courier services, manpower outsourcing services, hotel services, security guard services, software development services, IT services (Software development, software maintenance, system integration, web design, web development, web hosting, network design) as defined in Clause (30AD) and IT enabled services (inbound and outbound call centers, medical transcription, remote monitoring, graphics design, accounting services, human resource (HR Services), Telemedicine centers, data entry operations, cloud computing services, data storage services, locally produced tv programs, insurance claiming processing) as defined in Cluase (30AE) , tracking services, advertising services (other than by print or electronic media), share registrar services, engineering services, car rental services, building maintenance services, services rendered by Pakistan Stock Exchange Limited and Pakistan Mercantile Exchange Limited, inspection services, certification services, testing services, training services, field services, telecommunication services, collateral management services, travel & to
4.00%
8.00%
All other services - Companies
(No deduction of tax where payment is less than Rs. 30,000/- in aggregate during a financial year)
3.00%
6.00%
All other services - Individuals / AOP
(No deduction of tax where payment is less than Rs. 30,000/- in aggregate during a financial year)
11.00%
22.00%
In respect of persons making payment to electronic & print media for advertising services
1.50%
3.00%
In case of sportsperson
10.00%
20.00%
All others - (if the contract more than Rs. 10,000/- Per Anum)
For Companies
7.50%
15.00%
For Individuals / AOP
8.00%
16.00%
Every Exporter or Export House in term of Stitching, Dying, Printing, Embroidery, washing, sizing & weaving etc
1.00%
2.00%
Tax to be deducted on payment of royalty to resident person.
15.00%
30.00%
Export of goods proceeds realization
1.00%
Realization of a sale of goods to an exporter under an inland back -to-back L/C
1.00%
Export of goods by an Industrial undertaking located in Export Processing Zone
1.00%
Making payment for a firm contract to an indirect export and clearing of goods exported.
1.00%
Export proceeds of Computer software or IT services or IT Enabled services by persons registered with Pakistan Software Export Board.
0.25% of the proceeds
Any other case
1% of the proceeds
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Payments made for prize on quiz bond and cross word
15.00%
30.00%
Payments on winning from a raffle, lottery, prize on winning a quiz, prize, offered by companies for promotion of sale crossword puzzles
20.00%
40.00%
Advance tax on cash withdrawal where the sum total of the payments for cash withdrawal in a day exceeds Rs 50,000
0.00%
0.00%
Advance Tax to be collected from the agency, sponsor or the person employing such services of a foreign national as a domestic worker. Tax will be collected by the relevant authority at the time of issuance or renewal of domestic aide visa.
Rs. 200,000
156A
234A
Payment to petrol pump operator on account of sale of petroleum products
On the amount of gas bill of a Compressed Natural Gas Station
12.00%
4.00%
24.00%
8.00%
Payment of Commission to Advertising Agents
Life Insurance Agents where Commission received is less than Rs, 0.5 Million per annum
Persons not covered in 1 & 2 Above
10.00%
8.00%
12.00%
20.00%
16.00%
24.00%
236(1)(a), 236(1)(b)
236(1)(c), 236(1)(d)
236(1)(e)
In the case of subscriber of internet, mobile telephone and prepaid internet or telephone card. Percentage of the amount of Bill or sales price of internet pre-paid card or prepaid telephone card or sale of units through any electronic medium or whatever form.
15.00%
236(A)
Any person making sale by public auction / tender of any property or goods shall deduct tax including award of any lease to any person
10.00%
20.00%
Gross sale price of immovable property on property auction
5.00%
10.00%
236C
Advance Tax on sale of property on gross amount of consideration (if holding period is less than 10 years)
3.00%
6.00%
236K(1)
Advance Tax on purchase of property on purchaser or transferee for registering or attesting transfer of any immovable property.
3.00%
10.50%
236K(3)
Advance Tax on payment of installment in respect of purchase of allotment of immovable property where transfer is to be effected after making payment of all installments
3.00%
10.50%
In Finance Act 2022, ExempƟon has been provided from charging of increased rate of 5% to non-filer nonresident individual holding Pakistan Origin Card (POC) or NaƟonal ID Card for Overseas Pakistanis (NICOP) in respect of transactions on which tax is collectible under section 236C and 236K.
236CA (1) F
236CA (2)
236CA (3)
Foreign-produced TV drama serial or play
Foreign-produced TV play (single episode)
Advertisement starring foreign actor
Rs. 1,000,000 per episode
Rs. 3,000,000
Rs. 100,000 per second
236G
Advance tax has to be collected from wholesalers, distributors & dealers by manufacture & commercial importer of; Electronics, Sugar, Cement, Iron and Steel products, Motorcycles, Pesticides, Cigarettes, Glass, Textile, Beverages, Paint or Foam sector, Pharmaceuticals, Poultry and Animal feed, Edible oil and Ghee, AutoParts, Tyers, Varnishes, Chemicals, Cosmetics and IT Equipment.
0.10%
0.20%
Fertilizers - (Reduced Rate if taxpayer is active in both Sales Tax and Income Tax)
0.25%
Fertilizers
0.70%
0.140%
236Y
Amount Remitted abroad through credit, debit or prepaid cards
5.00%
10.00%
236Z
Every company will be required to collect tax from each shareholder at the time of issuance of bonus shares
10.00%
20.00%