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.