Rates of income tax for companies during Tax Year 2022

The tax rates for corporate entities for tax year 2022 under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following are the rates of tax for corporate entities:  (i) The rate of tax imposed … Continue reading Rates of income tax for companies during Tax Year 2022