Pakistan amends tax laws to legalize money transfers

ISLAMABAD: Pakistan has amended tax laws to grant approval of legal banking channels to money transfer by money transfer operators and bureaus. The country presented budget 2022/2023 on June 10, 2022 and amended tax laws to grant approval the money transfer made through operators, bureaus and exchange companies. Through Finance Bill, 2022 amendment made to […]

by Mrs. Anjum Shahnawaz

Sales tax rate on services provided by stock brokers

Jan 20

Taxation

Sales tax rate on services provided by stock brokers

KARACHI: Sindh Revenue Board (SRB) has updated working tariff for tax year and notified tax rates for services provided or rendered by specified persons or businesses. According to updated working tariff, the sales tax rates shall be applicable for following services: Stock brokers and commodity brokers shall pay sales tax at 13 percent on services […]

by Mrs. Anjum Shahnawaz