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The dividend distribution tax was also extended to dividends distributed since 1 June 1999 by domestic mutual funds, with the rate alternating between 10% and 20% [23] in line with the rate for companies, up to 31 March 2002.
The 2022–23 Federal Budget of Pakistan was presented on 10 June 2022 by Finance Minister Miftah Ismail, with Rs 9.5 trillion budgeted for expenditure in financial year 2022–2023, which was nearly a trillion higher than the previous financial year.
23.6% (for employees earning more than 25,200€ per year in 2024: includes 20% flat income tax + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer and taxes on dividends
2024 Dividend Tax Rates. The qualified dividend tax rate for tax year 2024– filing in 2025– is either 0%, 15% or 20%. These rates are influenced by your tax bracket, which is determined by ...
These include dividend income, interest income, and capital gains realized through property and shares. [20] The OECD average dividend tax rate is 41.8%, whereby dividends are often taxed at both the corporate and individual level and categorized as corporate income first and personal income second. [20]
The tax rate is 23% on certain investment policies, and rises to 40% on certain offshore gains when they are not declared in time. Tax on capital gains arising in the first eleven months of the year must be paid by 15 December, and tax on capital gains arising in the last month of the year must be paid by the following 31 January.
As of the latest available information, the country has several income tax brackets, with rates ranging from 15% to 23%. For example, as of the tax year 2022, the first tax bracket applies to income up to 48,840 CZK per month, with a tax rate of 15%. Income exceeding this threshold is subject to higher tax rates, gradually increasing up to 23% ...
The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts. The budget was accepted the next day.