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Minimum rate reduced to 0.5%

January 2, 2020May 28, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: The government has reduced the minimum tax rate to 0.5 percent from 1.5 percent for traders having turnover up to Rs100 million. Federal Board of Revenue (FBR) issued salient features to explain changes made to Income Tax Ordinance, 2001 through Tax Laws (Second Amendment) Ordinance, 2001. The FBR said that the standard rate of […]

PTBA recommends retaining alternative corporate tax or minimum tax

May 19, 2019May 8, 2024Faisal Shahnawaz

KARACHI: Pakistan Tax Bar Association (PTBA) has recommended the tax authorities to retain either Alternative Corporate Tax (ACT) or minimum tax, as existence of both regimes is inappropriate.

Income Tax Ordinance 2001: minimum tax on income of certain taxpayers

January 23, 2019November 8, 2023Mrs. Anjum Shahnawaz

Karachi: The Federal Board of Revenue (FBR) has made significant amendments to the Income Tax Ordinance, 2001, introducing the concept of minimum tax on the income of certain taxpayers, including individuals and corporate entities.

Salary tax slab of above Rs800,000 to pay Rs2,000 as minimum tax

January 16, 2019October 30, 2023Mrs. Anjum Shahnawaz

Islamabad – The Federal Board of Revenue (FBR) has introduced a minimum tax for salary individuals with taxable income exceeding Rs800,000 but not exceeding Rs12,000 for Tax Year 2019.

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Tag: minimum tax

Minimum rate reduced to 0.5%

PTBA recommends retaining alternative corporate tax or minimum tax

Income Tax Ordinance 2001: minimum tax on income of certain taxpayers

Salary tax slab of above Rs800,000 to pay Rs2,000 as minimum tax

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