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Get Pk Fbr Clarifications 2014-2025

Date: Company Secretary, Pakistan Oilfields Limited POL House, Morgah, Rawalpindi.Dear Sir,In terms of FBR clarifications vide letter # 1(54) Exp/20141328722 dated September 24, 2014 in regard to.

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Personal income tax rates Taxable income (PKR)Tax on excess (%)0600,0000600,000800,0005800,0001,200,00012.51,200,0002,400,00017.55 more rows • 17 Jan 2023

The government of Pakistan has finalized tax slabs for salaried individuals for the fiscal year 2022-23 and has set a minimum income tax rate of 2.5% for those earning up to Rs. 100,000 per month and a maximum of 35% for individuals earning a monthly salary over Rs.1 million.

Year Wise Tax Collection in Pakistan Fiscal YearTax Collected (In Billion Rs)2017-20183843.82018-20193828.52019-20203996.72020-2021473415 more rows

Any foreign-source salary received by a resident individual is exempt from tax in Pakistan if the individual has paid foreign income tax in respect of that salary.

A Company is Resident for a Tax Year if : It is incorporated or formed by or under any law in force in Pakistan; The control and management of its affairs is situated wholly in Pakistan at any time in the year; or. It is a Provincial Government or a local Government in Pakistan.

Federal Board of Revenue - Government of Pakistan.

Any foreign-source salary received by a resident individual is exempt from tax in Pakistan if the individual has paid foreign income tax in respect of that salary.

The FIRS core functions are to assess, collect, remit and account for the Federations taxes. The only Oil and Gas specific tax collected and remitted to the Federation Account is the Petroleum Profit Tax (PPT).

Income derived by an enterprise set up in 'special economic zones' is exempt from tax for a period of ten years, starting from commencement of commercial operations/production, subject to certain conditions. These 'special economic zones' have been established in different territories of the country.

Foreign remittances exceeding Rs 5 million do not attract any addition to income chargeable to tax.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232