The Government of Pakistan announced the federal budget for 2023-2024 on June 9, 2023. The new budget introduced several measures, including incentives and changes in tax rates. In this blog post, I am sharing useful links from credible and authentic web sources to provide you with more information about the tax rates for the tax year 2024.
Progressive Rates of Super Tax with Increased Threshold Implemented from July 2023
Pakistan Implements Additional Tax on Unexpected Income
https://pkrevenue.com/pakistan-implements-additional-tax-on-unexpected-income
Pakistan Enacts Legislation to Broaden Permanent Establishment Scope
https://pkrevenue.com/pakistan-enacts-legislation-to-broaden-permanent-establishment-scope
Pakistan Scraps Proposal to Grant Immunity to Foreign Remittances
https://pkrevenue.com/pakistan-scraps-proposal-to-grant-immunity-to-foreign-remittances
Threshold of Cash Salary Payment Increased to Rs32,000
https://pkrevenue.com/threshold-of-cash-salary-payment-increased-to-rs32000
Active Taxpayers Exempted from Deemed Income Tax
https://pkrevenue.com/active-taxpayers-exempted-from-deemed-income-tax
Up to 10% Advance Tax Imposed on Value of New Motor Vehicles
https://pkrevenue.com/up-to-10-advance-tax-imposed-on-value-of-new-motor-vehicles
https://pkrevenue.com/fbr-applies-new-advance-tax-rates-on-car-registration-from-july-1
New Tax Rates For Salary Income Applicable from July 01, 2023
https://pkrevenue.com/new-tax-rates-for-salary-income-applicable-from-july-01-2023
New Tax Rates for Business Individuals and AOPs Effective From July 01, 2023
https://pkrevenue.com/new-tax-rates-for-business-individuals-and-aops-effective-from-july-01-2023
No More Multiple Pensions: Fairness in Pakistan’s New System
https://www.youtube.com/watch?v=91sPg7iPMfk
https://pkrevenue.com/pakistan-announces-pension-reforms-abolishes-multiple-pensions
Number of Active Taxpayers in Pakistan Reaches 3.94 Million
https://pkrevenue.com/number-of-active-taxpayers-in-pakistan-reaches-3-94-million
FBR Launches Draft Income Tax Return Forms for Year 2023
https://pkrevenue.com/fbr-launches-draft-income-tax-return-forms-for-year-2023
Highlights of Amendments To Income Tax Introduced Through Finance Bill 2023
https://pkrevenue.com/highlights-of-amendments-to-income-tax-introduced-through-finance-bill-2023
Immunity to Bring Dollars into Pakistan May Lead to Misuse, Experts Warn
https://pkrevenue.com/immunity-to-bring-dollars-into-pakistan-may-lead-to-misuse-experts-warn
Income Tax Salient Features
https://pkrevenue.com/finance-bill-2023-income-tax-salient-features
https://pkrevenue.com/highlights-of-amendments-to-income-tax-introduced-through-finance-bill-2023
Sales Tax Salient Features
https://pkrevenue.com/finance-bill-2023-sales-tax-salient-features
Pakistan Budget 2023-24 At A Glance
https://pkrevenue.com/pakistan-budget-2023-24-at-a-glance
Finance Bill 2023 Unveils Comprehensive Amendments to Income Tax Ordinance
https://pkrevenue.com/finance-bill-2023-unveils-comprehensive-amendments-to-income-tax-ordinance
Banks to Collect 0.6% Tax on Cash Withdrawal from Non-Filers
https://pkrevenue.com/pakistan-introduces-withholding-tax-on-cash-withdrawal-from-banks
https://pkrevenue.com/banks-to-collect-0-6-tax-on-cash-withdrawal-from-non-filers
Pakistan Implements 10% Withholding Tax on Foreign Payments via Cards
https://pkrevenue.com/pakistan-implements-10-withholding-tax-on-foreign-payments-via-cards
FBR Exempts Foreign Inflows Up To $100,000 From Scrutiny
https://pkrevenue.com/fbr-exempts-foreign-inflows-up-to-100000-from-scrutiny
https://pkrevenue.com/immunity-to-bring-dollars-into-pakistan-may-lead-to-misuse-experts-warn
Finance Bill 2023 Introduces Additional Tax on Unexpected Income, Profits, and Gains
Finance Bill 2023 Proposes Tax Credit for Construction of New Houses
https://pkrevenue.com/finance-bill-2023-proposes-tax-credit-for-construction-of-new-houses
New Provision Requires Employers of Foreign Workers to Pay Advance Tax
https://pkrevenue.com/new-provision-requires-employers-of-foreign-workers-to-pay-advance-tax
Pakistan Imposes 10% Income Tax on Bonus Shares Issued by Companies
https://pkrevenue.com/pakistan-imposes-10-income-tax-on-bonus-shares-issued-by-companies
https://pkrevenue.com/tax-experts-explain-reintroduction-of-tax-on-bonus-shares-through-finance-bill-2023
Finance Bill 2023 Introduces New Tax Slabs for Super Tax
https://pkrevenue.com/finance-bill-2023-introduces-new-tax-slabs-for-super-tax
https://pkrevenue.com/higher-rate-of-super-tax-extended-to-all-taxpayers
Finance Bill 2023 Proposes Reduced Tax Rates on Additional Advances for IT Sector
Unleashing the Future: Finance Bill 2023 Sparks IT Revolution with Reduced Taxes
https://www.youtube.com/watch?v=FTbaVJpK8P8
Sindh Province Transfers Property Tax Collection to Local Councils
https://pkrevenue.com/sindh-province-transfers-property-tax-collection-to-local-councils
Sindh to Introduce Security Featured Vehicle Registration Smart Card
https://pkrevenue.com/sindh-to-introduce-security-featured-vehicle-registration-smart-card