{"id":2267,"date":"2022-06-13T12:45:45","date_gmt":"2022-06-13T07:45:45","guid":{"rendered":"https:\/\/www.yourrightdecision.com\/blog\/?p=2267"},"modified":"2022-09-06T12:10:37","modified_gmt":"2022-09-06T07:10:37","slug":"tax-rates-for-tax-year-2023","status":"publish","type":"post","link":"https:\/\/www.yourrightdecision.com\/blog\/tax-rates-for-tax-year-2023\/","title":{"rendered":"Tax Rates for Tax Year 2023"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Tax Rates for Salaried Individuals<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/fbr-notifies-statutory-tax-rates-for-salaried-persons\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/fbr-notifies-statutory-tax-rates-for-salaried-persons<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Tax Rates for Business Individuals, AOPs<\/h1>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/pkrevenue.com\/tax-rates-for-business-individuals-aops-during-ty2023\" target=\"_blank\">https:\/\/pkrevenue.com\/tax-rates-for-business-individuals-aops-during-ty2023<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Tax rates on mobile phone, internet users<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/tax-rates-on-mobile-phone-internet-users-during-2022-2023\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/tax-rates-on-mobile-phone-internet-users-during-2022-2023<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Pakistan decides to roll back fixed tax scheme for retailers<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/pakistan-decides-to-roll-back-fixed-tax-scheme\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/pakistan-decides-to-roll-back-fixed-tax-scheme<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">SBP advises banks to issue digital verification for remittances<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/sbp-advises-banks-to-issue-digital-verification-for-remittances\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/sbp-advises-banks-to-issue-digital-verification-for-remittances<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">FBR explains income tax on export of services<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/fbr-explains-income-tax-on-export-of-services\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/fbr-explains-income-tax-on-export-of-services<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">FBR explains tax on deemed income from immovable property<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/fbr-explains-tax-on-deemed-income-from-immovable-property\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/fbr-explains-tax-on-deemed-income-from-immovable-property<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">FBR explains changes in advance tax on motor vehicles<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/fbr-explains-changes-in-advance-tax-on-motor-vehicles\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/fbr-explains-changes-in-advance-tax-on-motor-vehicles<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Pakistan reintroduces capital value tax on motor vehicles<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/pakistan-reintroduces-capital-value-tax-on-motor-vehicles\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/pakistan-reintroduces-capital-value-tax-on-motor-vehicles<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Pakistan grants tax exemption to charitable organizations<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/pakistan-grants-tax-exemption-to-charitable-organizations\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/pakistan-grants-tax-exemption-to-charitable-organizations<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Key changes to income tax laws through Finance Act 2022<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/key-changes-to-income-tax-laws-through-finance-act-2022\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/key-changes-to-income-tax-laws-through-finance-act-2022<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Capital Gain Tax on Disposal of Securities<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/new-rates-of-capital-gain-tax-on-disposal-of-securities\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/new-rates-of-capital-gain-tax-on-disposal-of-securities<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Corporate Tax on Banks<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/pakistan-slaps-45-corporate-tax-on-banks\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/pakistan-slaps-45-corporate-tax-on-banks<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Advance Tax on Foreign Payments<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/pakistan-reintroduces-advance-tax-on-foreign-payments\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/pakistan-reintroduces-advance-tax-on-foreign-payments<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Salaried Persons denied Adjustments against Deduction<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/salaried-persons-denied-adjustments-against-deduction\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/salaried-persons-denied-adjustments-against-deduction<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">FBR to disable mobile SIMs on non-filing of tax returns<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/fbr-to-disable-mobile-sims-on-non-filing-of-tax-returns\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/fbr-to-disable-mobile-sims-on-non-filing-of-tax-returns<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Pakistan amends tax laws to legalize money transfers<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/pakistan-amends-tax-laws-to-legalize-money-transfers\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/pakistan-amends-tax-laws-to-legalize-money-transfers<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Fixed tax rates for retailers, payable through electricity bills<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/fixed-tax-rates-for-retailers-payable-through-electricity-bills\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/fixed-tax-rates-for-retailers-payable-through-electricity-bills<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">CGT up to 15% slapped on immovable properties<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/cgt-up-to-15-slapped-on-immovable-properties\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/cgt-up-to-15-slapped-on-immovable-properties<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Tax imposed on deemed income from immovable properties<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/tax-imposed-on-deemed-income-from-immovable-properties\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/tax-imposed-on-deemed-income-from-immovable-properties<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Pakistan amends tax laws for foreign digital transfers<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/pakistan-amends-tax-laws-for-foreign-digital-transfers\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/pakistan-amends-tax-laws-for-foreign-digital-transfers<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Budget 2022\/2023: Salient features of sales tax<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/budget-2022-2023-salient-features-of-sales-tax\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/budget-2022-2023-salient-features-of-sales-tax<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Budget 2022\/2023: Salient features of income tax<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/budget-2022-2023-salient-features-of-income-tax\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/budget-2022-2023-salient-features-of-income-tax<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Federal Budget Highlights<\/h1>\n\n\n\n<p><a href=\"https:\/\/www.facebook.com\/Befiler.pk\/posts\/pfbid0kzYiEqDJg43cTYBcs5t5r2Vj9eYUuGkDDQsH8KiazSHEjDtE6j9WHarrEnPcKJxxl\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.facebook.com\/Befiler.pk\/posts\/pfbid0kzYiEqDJg43cTYBcs5t5r2Vj9eYUuGkDDQsH8KiazSHEjDtE6j9WHarrEnPcKJxxl<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Tax credit on mutual funds has been withdrawn<\/h1>\n\n\n\n<p><a href=\"https:\/\/www.facebook.com\/groups\/TaxReturnGuidelines\/posts\/3180266522210809\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.facebook.com\/groups\/TaxReturnGuidelines\/posts\/3180266522210809<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Tax of 0.25% on Freelancer Income<\/h1>\n\n\n\n<p><a href=\"https:\/\/www.facebook.com\/groups\/TaxReturnGuidelines\/posts\/3180524932184968\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.facebook.com\/groups\/TaxReturnGuidelines\/posts\/3180524932184968<\/a><br><a href=\"https:\/\/www.facebook.com\/groups\/TaxReturnGuidelines\/posts\/3179903258913802\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.facebook.com\/groups\/TaxReturnGuidelines\/posts\/3179903258913802<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">New Tax is Imposed on the value of Second Property worth 2.5cr<\/h1>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.facebook.com\/groups\/TaxReturnGuidelines\/posts\/3179877492249712\" target=\"_blank\">https:\/\/www.facebook.com\/groups\/TaxReturnGuidelines\/posts\/3179877492249712<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Federal Budget 2022-23: Snapshot of Income and Sales Tax<\/h1>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.befiler.com\/blog\/federal-budget-2022-2023-income-and-sales-tax-in-a-snapshot\" target=\"_blank\">https:\/\/www.befiler.com\/blog\/federal-budget-2022-2023-income-and-sales-tax-in-a-snapshot<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Capital Gain Tax on Securities &amp; Property<\/h1>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.facebook.com\/QaziTaxSolution\/posts\/pfbid02EWYi2W2WamgFZ4BmgEuu47miFVkX5mPijmaFBbnkUuKkDxhh26aXtz9keEizTBbpl\" target=\"_blank\">https:\/\/www.facebook.com\/QaziTaxSolution\/posts\/pfbid02EWYi2W2WamgFZ4BmgEuu47miFVkX5mPijmaFBbnkUuKkDxhh26aXtz9keEizTBbpl<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">NA approves levy on petroleum products up to Rs50\/liter<\/h1>\n\n\n\n<p><a href=\"https:\/\/pkrevenue.com\/na-approves-levy-on-petroleum-products-up-to-rs50-liter\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pkrevenue.com\/na-approves-levy-on-petroleum-products-up-to-rs50-liter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government of Pakistan announced the federal budget for 2022-2023 on June 10, 2022. The new budget introduced various measures.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2267","post","type-post","status-publish","format-standard","hentry","category-taxation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Rates for Tax Year 2023 - Your Right Decision Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yourrightdecision.com\/blog\/tax-rates-for-tax-year-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Rates for Tax Year 2023 - Your Right Decision Blog\" \/>\n<meta property=\"og:description\" content=\"The Government of Pakistan announced the federal budget for 2022-2023 on June 10, 2022. 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