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The period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. Corporate Income tax rates Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export ...
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
The Inland Revenue Service (IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty. [1] [2]
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
The AMT exemption amount for tax year 2024 increased to $85,700 and starts to phase out at $609,350, up $4,400 and $31,200 compared with tax year 2023, respectively.
National Police Bureau (Urdu: قومی پولیس بیورو) is the premier police institution at the national level under Ministry of Interior, Pakistan.Police Order, 2002 further mandates the NPB to serve as a secretariat to the National Public Safety Commission (NPSC) and National Police Management Board (NPMB).
The Pakistan Railways Police was founded according to the Pakistan Railways Police Act, 1977, which outlines the formation and governance of this law enforcement agency.. The act along with the accompanying Rules, 1980, grant authority to the Chief Executive and the Inspector General, and these regulations are relevant to the employees within the Pakistan Railways Police, who are considered ...
Islamabad Capital Territory Police (Urdu: اسلام آباد دارلحکومت علاقہ پولیس), also known as Islamabad Police, [1] is a police force formed in 1981 to police Islamabad Capital Territory, Pakistan under administrative control of the Chief Commissioner, Islamabad Capital Territory Administration.