Quick Tution - Accounts, Finance & Tax Concepts in Short & Easy to Remember Format

The rate of minimum tax on turnover has been enhanced from 1% to 1.25%. Source: https://www.pwc.com.pk/en/tax-memorandum/Memorandum%20on%20Finance%20Bill%20-%202017%20(FINAL).pdf

Corporation tax 2018 30 %. However,for a banking company,it is 35 %

Payment of goods In case of company: 4% & 7% (filer & non filer) In case of other tha company: 4.5% & 7.75% (filer & non filer) Payment for services In case of company: 8% & 14% (filer & non filer) In case of other tha company: 10% & 17.5% (filer & non filer)