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The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxes and expenditure cuts. The budget was accepted the next day.
Learn about the history, administration, and types of taxes imposed by the government of Pakistan on individuals and businesses. Find out the current tax rates, rules, and problems of the taxation system in Pakistan.
The Federal Board of Revenue (FBR) is a federal law enforcement agency of Pakistan that collects taxes and investigates tax crimes. The web page does not show the FBR logo, but provides information about its history, structure, wings, and chairmen.
Compare the monthly average gross and net income of Asian countries in local currency and US Dollar. Taiwan ranks 11th in net average monthly salary (adjusted for living costs in PPP) and 12th in gross average monthly salary.
The IRS is a department of the FBR that oversees domestic taxation, including Sales Tax, Income Tax, and Federal Excise Duty. It was formed in 2009 and has been involved in tax reforms and interactions with the IMF.
Compare the main types of taxes (corporate, income, sales, capital gains, inheritance) across different countries and territories. See the lowest and highest marginal rates, as well as the sources and further reading for each entry.
For the 2023 tax year, there are seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. ... people whose income outpaced the estimated inflation hike of 7% now may be paying more taxes ...
In February 2023, a Moody economist predicted that inflation in Pakistan could average 33% in the first half of the year 2023. [31] China lent Pakistan further 700 million dollars to shore up Forex reserves. [32] Pakistan's Consumer price index (CPI) further jumped to 31.5%, the highest annual rate in 50 years. [33]
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Best Tax Software for Young Adults - Money Under 30