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The 2023–24 Balochistan budget was presented on 19 June 2023, the Finance Minister of Balochistan, Zamrik Achakzai, unveiled a budget of Rs. 750 billion for the fiscal year 2023–24 in the Balochistan Assembly. This tax-free budget has a deficit of Rs49 billion.
Individual Income Tax Slabs [16] Slab Tax Rate New Tax Regime Old Tax Regime 1: NIL ₹0 - ₹3 lakh ₹0 - ₹2.5 lakh 2: 5% ₹3 lakh - ₹7 lakh ₹2.5 lakh - ₹5 lakh 3: 10% ₹7 lakh - ₹10 lakh ₹5 lakh - ₹7.5 lakh 4: 15% ₹10 lakh - ₹12 lakh ₹7.5 lakh - ₹10 lakh 5: 20% ₹12 lakh - ₹15 lakh ₹10 lakh - ₹12.5 lakh 6: 25 ...
The tax structure is progressive, aiming to fairly distribute the tax burden across different income groups. 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 of IT services is ...
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.
24.5%; 20% corporate tax plus a 4% Jehad tax plus a 0.5% tax on corporate income to pay for stamp duties [135] — — — Taxation in Libya Liechtenstein [136] [137] 12.5% 3% [138] 22.4% [139] 8.1% (standard rate) 3.8% (lodging services) 2.5% (reduced rate) [140] 0% for share sales, 24% for real estate Taxation in Liechtenstein Lithuania ...
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A Learjet 31A jet of the Government of Balochistan. The Government of Balochistan (Urdu: حکومتِ بلوچستان) is the provincial government of the largest province of Balochistan, Pakistan in Quetta. The head of the province is the Governor, who is nominated by the President of Pakistan.
The Provincial Assembly of Balochistan is a unicameral legislature of elected representatives of the Pakistani province of Balochistan, and is located in Quetta, the provincial capital. It was established under Article 106 of the Constitution of Pakistan having a total of 65 seats, with 51 general seats, 11 seats reserved for women and 3 ...