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Stamp duty was formerly a graduated progressive tax with the more expensive the house bought the greater the stamp duty rate. The top rate slowly increased from 0.5% in 1882 to 3% in 1947, 5% in 1973, 6% in 1975, reaching its peak at 9% in 1997. [7]
Baluchistan, 1973–present - Revenue stamps of Pakistan; North West Frontier Province, 1974–present - Revenue stamps of Pakistan; Punjab, 1974–present - Revenue stamps of India; Sindh, 1974–present - Revenue stamps of Pakistan; West Pakistan, c.1950-1970 - Revenue stamps of Pakistan
The federal GST rate is 5 percent, effective January 1, 2008. The territories of Yukon , Northwest Territories , and Nunavut have no territorial sales taxes, so only the GST is collected. The three northern jurisdictions are partially subsidized by the federal government, and their residents receive some additional tax concessions due to the ...
The Federal Government can impose limitations or restrictions on regulatory duty on all or any of the imported or exported goods through a notification in the official Gazette. Such limitations or restrictions, according to the First Schedule, [ 1 ] should not exceed 100% of the goods value, as specified under Section 25-1B or Section 25-A.
The corporate income tax rate was 29% for tax year 2019 and onwards, whereas the corporate tax rate is 35% for the banking industry for TY 2019. Alternative Corporate Tax (ACT) in Pakistan applies to all corporate entities and is the higher of 17% of accounting income or the corporate tax liability under the Income Tax Ordinance 2001, including ...
Almost 60 per cent of Haryana’s revenue accrues from Gurugram by way of excise duty, sales tax, stamp duty and registration. [13] Gurgaon’s population has increased from some 870,539 in census 2001 to 1,514,085 in census 2011, an increase of 74 per cent in the decade in reference.
One stamp was issued on this occasion; Value: 50p; Completion of Multan Thermal Power Station – 25 December 1963 One stamp was issued on this occasion; Value: 13p; 1963–1968 Eleven stamps already issued now printed on watermarked paper Seven stamps were issued on this occasion; Values: Rs.1, Rs.1.25, Rs.2, Rs.5, Rs.10, Rs.15, Rs.25
The duty ran from 75 cents on the $100 to $5 on the $100, if the legacy or share in question did not exceed $25,000. On those over that value, the rate was multiplied 1.5 times on estates up to $100,000, twofold on those from $100,000 to $500,000, 2.5 times on those from $500,000 to a $1 million, and threefold for those exceeding a million. [75]