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Below is a summary of the applicable sales tax rates in Pakistan: Sales tax on goods: 18%. Sindh Sales tax on services: 19.5%. Punjab Sales tax on services: 16%. Balouchistan Sales tax on services: 15%. Khyber Pakhtunkhwa (KPK) Sales tax on services: 19.5%. Islamabad Capital Territory (Tax on Services): 16%.
The Federal Board of Revenue (FBR) ( Urdu: وفاقی بورڈ محصولات ), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep ...
Income tax. Capital gains tax is a tax on the sale of an investment, usually stocks, bonds, precious metals and property. Corporate tax is levied on the earnings or profits of a corporation. Dividend tax is a tax on dividends paid to shareholders of a company. Excess profits tax is a tax on unusually high profits levied on a corporation.
Deputy commissioner (popularly abbreviated as "DC" and DCO) is a chief administrative, land revenue officer/collector and representative of government in district or an administrative sub-unit of a division in Pakistan. [1] The office-holder belongs to the commission of Pakistan Administrative Service [2] erstwhile DMG/CSP or the Provincial ...
Pakistan has a complex taxation system of more than 70 unique taxes administered by at least 37 tax collection institutions of the Government of Pakistan. Taxation is a debated and controversial issue in public and political science circle of the country, and according to the International Development Committee , Pakistan had a lower-than ...
Previously known as the Customs & Excise Group, it was re-classified as Pakistan Customs Service in November 2010, when the responsibilities of sales tax and federal excise were taken away and a new occupational service was created to collect Sales Tax, Federal Excise, and Income Tax, named as Inland Revenue Service (IRS). Custom House, Karachi
The Punjab Finance Department is a department of the Government of Punjab, Pakistan. It is responsible for supervision and control of provincial finances, preparation of provincial budget, formulation of financial rules and management of public debt. [1] It is headed by a provincial minister with the coordination of a finance secretary.
Economy of Pakistan Karachi, the financial hub of Pakistan Currency Pakistani rupee (₨) (PKR) Fiscal year 1 July – 30 June Trade organisations ECO, SAFTA, WTO, AIIB, ADB, and others Country group Developing economy Lower-middle income economy Statistics Population 241,499,431 (5th, 2023 Census) GDP $374.90 billion (nominal ; 2024) $1.57 trillion (PPP ; 2023 est.) GDP rank 46th (nominal ...