The Government of Pakistan announced the federal budget for 2022-2023 on June 10, 2022. The new budget introduced various measures. Tax slabs for salaried and business individuals were updated. The maximum tax on Behbood Certificates was reduced from 10% to 5%. Fixed income and sales tax was introduced for small retailers. Advance taxes were also introduced on luxury cars and international transactions.
In this blog post, I am sharing useful links from credible and authentic web sources so that you know more about the tax rates for the tax year 2023.
Tax Rates for Salaried Individuals
https://pkrevenue.com/fbr-notifies-statutory-tax-rates-for-salaried-persons
Tax Rates for Business Individuals, AOPs
https://pkrevenue.com/tax-rates-for-business-individuals-aops-during-ty2023
Tax rates on mobile phone, internet users
https://pkrevenue.com/tax-rates-on-mobile-phone-internet-users-during-2022-2023
Pakistan decides to roll back fixed tax scheme for retailers
https://pkrevenue.com/pakistan-decides-to-roll-back-fixed-tax-scheme
SBP advises banks to issue digital verification for remittances
https://pkrevenue.com/sbp-advises-banks-to-issue-digital-verification-for-remittances
FBR explains income tax on export of services
https://pkrevenue.com/fbr-explains-income-tax-on-export-of-services
FBR explains tax on deemed income from immovable property
https://pkrevenue.com/fbr-explains-tax-on-deemed-income-from-immovable-property
FBR explains changes in advance tax on motor vehicles
https://pkrevenue.com/fbr-explains-changes-in-advance-tax-on-motor-vehicles
Pakistan reintroduces capital value tax on motor vehicles
https://pkrevenue.com/pakistan-reintroduces-capital-value-tax-on-motor-vehicles
Pakistan grants tax exemption to charitable organizations
https://pkrevenue.com/pakistan-grants-tax-exemption-to-charitable-organizations
Key changes to income tax laws through Finance Act 2022
https://pkrevenue.com/key-changes-to-income-tax-laws-through-finance-act-2022
Capital Gain Tax on Disposal of Securities
https://pkrevenue.com/new-rates-of-capital-gain-tax-on-disposal-of-securities
Corporate Tax on Banks
https://pkrevenue.com/pakistan-slaps-45-corporate-tax-on-banks
Advance Tax on Foreign Payments
https://pkrevenue.com/pakistan-reintroduces-advance-tax-on-foreign-payments
Salaried Persons denied Adjustments against Deduction
https://pkrevenue.com/salaried-persons-denied-adjustments-against-deduction
FBR to disable mobile SIMs on non-filing of tax returns
https://pkrevenue.com/fbr-to-disable-mobile-sims-on-non-filing-of-tax-returns
Pakistan amends tax laws to legalize money transfers
https://pkrevenue.com/pakistan-amends-tax-laws-to-legalize-money-transfers
Fixed tax rates for retailers, payable through electricity bills
https://pkrevenue.com/fixed-tax-rates-for-retailers-payable-through-electricity-bills
CGT up to 15% slapped on immovable properties
https://pkrevenue.com/cgt-up-to-15-slapped-on-immovable-properties
Tax imposed on deemed income from immovable properties
https://pkrevenue.com/tax-imposed-on-deemed-income-from-immovable-properties
Pakistan amends tax laws for foreign digital transfers
https://pkrevenue.com/pakistan-amends-tax-laws-for-foreign-digital-transfers
Budget 2022/2023: Salient features of sales tax
https://pkrevenue.com/budget-2022-2023-salient-features-of-sales-tax
Budget 2022/2023: Salient features of income tax
https://pkrevenue.com/budget-2022-2023-salient-features-of-income-tax
Federal Budget Highlights
Tax credit on mutual funds has been withdrawn
https://www.facebook.com/groups/TaxReturnGuidelines/posts/3180266522210809
Tax of 0.25% on Freelancer Income
https://www.facebook.com/groups/TaxReturnGuidelines/posts/3180524932184968
https://www.facebook.com/groups/TaxReturnGuidelines/posts/3179903258913802
New Tax is Imposed on the value of Second Property worth 2.5cr
https://www.facebook.com/groups/TaxReturnGuidelines/posts/3179877492249712
Federal Budget 2022-23: Snapshot of Income and Sales Tax
https://www.befiler.com/blog/federal-budget-2022-2023-income-and-sales-tax-in-a-snapshot
Capital Gain Tax on Securities & Property
NA approves levy on petroleum products up to Rs50/liter
https://pkrevenue.com/na-approves-levy-on-petroleum-products-up-to-rs50-liter