R.Z.K Associates

30/07/2024

13/06/2024

Key Budget Proposals

INCOME TAX
1) Salaried Taxpayers
a. Income Tax Exemption to be maintained at Rs. 600,000 per annum
b. Slabs being revised

2) Exporters to be taxed under normal tax @ 29% (as against fixed tax @ 1%)

3) Capital Gain on Real Estate & Securities @ 15% for filer and 45% for non-filer

4) Withholding Income Tax on transfer of Immoveable property (separate tax rates for timely filer of return, delayed filer and non-filer)

5) Advance Income Tax to be collected from Non-filer Distributor, Wholesaler, Dealer and Retailer to be increased from 1% to 2.25%

6) Income Tax on registration of Motor Vehicles to be shifted from Engine Capacity to Value

SALES TAX
7) Sales tax on Textile and leather to be increased from reduced rate 15% to standard 18%

8) Standard 18% Sales Tax rate on Mobile phones

9) Sales Tax withholding regime for Bronze, Coal and Plastic scrap

10) Sales Tax exemption on Iron and Steel scrap

11) End of exemption for FATA / PATA newly merged districts

12) Default Surcharge rate to be changed from 12% to KIBOR+3%

13) Sales Tax to be charged at time of supply or the time when any payment is received by the supplier in respect of that supply, whichever is earlier

14) Best Judgment Assessment concept introduced in Sales Tax

15) Electronic sales invoicing to be made mandatory by all

14/12/2022

معزز ٹیکس پیئر
اگر آپ اپنا یا کسی اور کا NTN/GST بنوانا چاہتے ہیں تو ابھی رابطہ کریں
•Section 8B Activation
•Password Recovery All RTO
• Sale Tax Late Return
•Sale Tax Activity Change
•Sale Tax Business Delation
•Sale Tax Business Name Change
• AOP Registration
• KPRA / PRA Registration
•Trade Mark Registration
• Important Export License
• Chamber of Commerce Registration
• PSW / Webock
• DTRE
• ST / Income Tax Refund
• Chang of RTO
• FBR Notice Reply
یا FBR انکم ٹیکس سیل ٹیکس کاروبار رجسٹر کے متعلق کوئی بھی معلومات لینا چاہتے ہیں یا رجسٹر کروانا چاہتے ہیں تو ابھی رابط کریں
R.Z.K Associates

Contact at:
0300-1328787

21/11/2022

Tax on profit of deposit in national saving schemes