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Naeem & Co
Chartered Accountants
TAX CARD FOR THE TAX YEAR 2023-24 nd
15-A, 2 Floor, Block D, PIA Housing Society, Main Boulevard, Lahore
Cell:+92 3009756505 | Lan: +92 42 35182536
Email: naeem@naeem-ca.com | Website: www.naeem-ca.com

Tax Rates for Salaried Person [Division I, Part I of the First Schedule] Payments to Non-Residents [Sec. 152 and Division II, Part III of Sale of goods [Sec. 153(1)(a) - Division III, Part III of Non -
Rates ATL
(Where Salary exceeds 75% of his Taxable Income) the First Schedule] the First Schedule] ATL

Up to 600,000 0% Contract advertisement services rendered by TV Satellite Channels 7% Sale of Rice, cotton seed or edible oil. 1.5% 3%
600,001 to 1200,000 2.5% exceeding 600,000 Payment of insurance premium or re-insurance premium 5% Sale of cigarettes & pharma products by distributors 1% 2%
1200,001 to 2,400,000 15,000 + 12.5% exceeding 1,200,000 Payment for advertisement services from non-resident person relaying Sale by distributors, dealers, sub- dealers, wholesales & Tier-1
10%
2,400,001 to 3,600,000 165,000 + 22.5% exceeding 2,400,000 retailers integrated & configured with Board (also appearing
from outside Pakistan
on Sales Tax ATL) of the following: 0.25% 0.50%
3,600,001 to 6,000,000 435,000 + 27.5% exceeding 3,600,000 Foreign produced commercial 20% FMCG | Fertilizer | Electronics (excluding mobile phones) |
Above 6,000,000 1,095,000 + 35% exceeding 6,000,000 Fee for Offshore Digital Services 20% Sugar | Cement | Steel | Edible oil

Tax Rates for Individuals and AOP for Business [Division I, Part I of the Capital gain on disposal of debt instruments & Government securities 10% Sales, supplies & services by taxpayers in the following
First Schedule] sectors: Textile & articles thereof | Carpets |
Return on investment in sukuk from a sukuk holder 1% 2%
Leather & articles thereof | Artificial leather footwear |
Upto 600,000 0% -Company 25% Surgical goods | Sports Goods
600,001 to 800,000 7.5% exceeding 600,000 -Individual or Association of Persons (AOP) (more than Rs.1 million) 13% Supplies & services to above sectors by Yarn Traders 0.50% 1%
800,001 to 1,200,000 15,000 + 15% exceeding 800,000 -Individual or Association of Persons (AOP) (less than Rs.1 million) 10% Sale of gold & silver and articles thereof 1% 2%
1,200,001 to 2,400,000 75,000 + 20% exceeding 1,200,000 All other payment to non- resident sale of any other goods including toll manufacturing in the
5% 10%
2,400,001 to 3,000,000 315,000 + 25% exceeding 2,400,000 case of company
Non -
Payment to Permanent Establishment of Non-Resident: ATL
3,000,001 to 4,000,000 465,000 + 30% exceeding 3,000,000 ATL
sale of any other goods including toll manufacturing in the
5.5% 11%
Above 4,000,000 765,000 + 35% exceeding 4,000,000 For sale of goods case of AOP and individual

Rates of Tax for Companies [Division II, Part I of the First -Company 5% 10% Tax shall be withheld under this section where payment is greater than or equal to
Rates
Schedule] -In any other case 5.5% 11% rupees 75,000/- in aggregate, during a financial year

Small Company 20% For services rendered Services [Sec. 153(1)(b) - Division III, Part III of the Non -
ATL
Banking Companies 39% -Other services through a company 9% 18% First Schedule] ATL

Private/Public Limited Companies 29% -Other services through other than a company 11% 22% Transport | Freight forwarding | Air cargo services | Courier |
Manpower outsourcing
Non - Transport services, freight forwarding services, air cargo
Tax at Import Stage [Sec. 148 & Part II First Schedule] ATL services, courier services, manpower outsourcing services, | Hotel services | Security guard | Software development | IT
ATL & IT enabled services | Tracking services | Advertising (other
hotel services, security guard services, software
Person importing goods classified in Part I, Twelfth Schedule 1% 2% development services, IT services and IT enabled services as than by print/ electronic media) | Share registrar services |
defined in section 2, tracking services, advertising services Engineering/ Architectural services | Warehousing | Services
Person importing goods classified in Part II, Twelfth Schedule 4% 8%
2% 4% (other than by print or electronic media), share registrar 4% 8% rendered by AMCs | Data services | Telecom. infrastructure
(other than commercial importer) services, engineering services, car rental services, building (tower) services | Car rentals | Building maintenance |
maintenance services, services rendered of Pakistan Stock Services rendered by PSEL & PMEL | Inspection, certification &
Commercial importers importing goods classified in Part II,
3.5% 7% Exchange Limited and Pakistan Mercantile Exchange Limited testing | Training services | Oilfield services | Telecom |
Twelfth Schedule
inspection and certification, testing and training services, Collateral management | Travel & tours | REIT management |
Person importing goods classified in Part III, Twelfth Schedule 5.5% 11% oilfield NCCPL services
services
Persons importing goods classified in Part III of the Twelfth For execution of contracts, other than a contract for sale of goods for Advertising services (print and electronic media) 1.5% 3%
6% 12%
Schedule, In case of Commercial Importer providing/ rendering of services By company – general services 9% 18%
Goods covered under rescinded SRO 1125(I)/2011 1% 2% In case of sportspersons 10% 20% In any other case (AOP/individual) – general services 11% 22%

Import of finished pharmaceutical products not In case of any person 8% 16% Tax shall be withheld under this section where payment is greater than or equal to
4% 8%
manufactured in Pakistan as certified by the DRAP rupees 30,000/- in aggregate, during a financial year
Rates for Super Tax [Section 4C - Division IIB, Part I of the First
Rates
Schedule]
In case of importers of CKD kits of electric vehilces for small cars Execution of Contracts [Sec. 153(1)(c) and Division Non -
1% 2% ATL
or SUVs Where income does not exceed Rs. 150 million 0% III, Part III of the First Schedule] ATL

Import of mobile phone [Sec. 148 & Part II of First Sch.] CKD/ In case of sportspersons 10% 20%
CBU Where income exceeds Rs.150 million but does not exceed Rs.200 million 1%
C&F Value of Mobile Phone (USD) SKD In case of a company 7.5% 15%
Up to 30, except smartphone 70 NIL In any other case (AOP/individual) 8% 16%
Where income exceeds Rs.200 million but does not exceed Rs.250 million 2%
From 31 to 100 100 NIL Every Exporter or Export House shall deduct Tax on
payments in respect of services of stitching, dying, 1% 2%
From 101 to 200 930 NIL printing etc (Sec. 153(2)
Where income exceeds Rs.250 million but does not exceed Rs.300 million 3%
From 201 to 350 970 NIL
Export [Sec. 154 and Division IV, Part III of the First Schedule] Rates
From 351 to 500 5,000 3,000
Where income exceeds Rs.300 million but does not exceed Rs.350 million 4%
Above 500 11,500 5,200 Export proceeds realization 1%
Advance tax is to be increased by 100% for Non-filers Realization of commission due to an indenting agent
Where income exceeds Rs.350 million but does not exceed Rs.400 million 6%
Dividend [Sec. 150 and Division III, Part I of the First Non - -Non-export indenting agent
ATL 1%
Schedule] ATL -Export indenting agent / export buying house
Where income exceeds Rs.400 million but does not exceed Rs.500 million 8%
IPP, (CPPA-G) 7.50% 15% On realization of proceeds under inland back-to-back LC 1%
REIT scheme from Special Purpose Vehicle 0% 0% Where income exceeds Rs.500 million 10% Export of goodscby Industrial undertaking in EPZ 1%
REIT scheme others from Special Purpose Vehicle 35% 70% Indirect exporters (DTRE rules, 2001) 1%
Minimum Tax [Sec.113 - Division IX, Part I of the First Schedule] Rates
Dividend received where company is availing exemption or Collection by collector of customs at the time of Clearance of goods 1%
25% 50%
benefiting from c/f business losses & tax credits Individuals and AOPs (turnover 100 million and above) exported
1.25%
Mutual funds, REITs & other cases 15% 30% other than listed companies Export of services [Sec. 154A and Division IV, Part III of the
Rates
Listed companies 1% First Schedule]
WHT Tax on Profit on Debt [Sec. 151 & Division IIIA, Non -
ATL
Part I of the First Schedule] ATL Sui Southern Gas Company Limited and Sui Northern Gas Pipelines
Export proceeds of computer software or IT services or IT Enabled 0.25 % of
Limited (for the cases where annual turnover exceeds rupees one
Received by the company services by persons registered with Pakistan Software Export Board proceeds
billion.)
15% 30%
Received by AOP/ individual not exceeding rupees 5,000,000/- Pakistani International Airlines Corporation 0.75% 1%
Any other case of
Received by AOP/ individual exceeding rupees 5,000,000/- shall be chargeable to Poultry industry including breeding, broiler production, egg production, proceeds
tax under normal tax regime, as per slab rates of salary / business income, feed production
Rent on Immovable Property [Sec. 155 and Division
whichever is applicable. Rates
Oil refineries VIA, Part I of the First Schedule]

Interest on Investment in Sukuks from a Sukuk Holder [Sec. 151(1A)] Motorcycle dealers registered under the Sales Tax Act, 1990 0.5% In the case of Individual and AOP
-In case the sukuk-holder is company 25% 50% Oil marketing companies up to Rs. 300,000 Nil

-In case the sukuk-holder is an individual or AOP, if the return Distributors of pharmaceutical products, fast moving consumer goods Rs. 300,000 to Rs. 600,000 5%
10% 20%
on investment is less than one million and cigarettes Rs. 600,000 to Rs. 2,000,000 Rs. 15,000 + 10%

-In case the sukuk-holder is an individual or AOP, if the return Petroleum agents and distributors who are registered under the Sales Exceeding Rs. 2,000,000 Rs. 155,000 + 25%
10% 20%
on investment is more than one million Tax Act, 1990
Rent on Immovable Property [Sec. 155 and Division Non -
ATL
Rice mills and dealers; VIA, Part I of the First Schedule] ATL
Payments to Non-Residents [Sec. 152 and Division II, Part III of
Rates
the First Schedule] Tier-1 retailers of fast moving consumer goods who are integrated with 0.25% In the case of Company (Section 155) 15% 30%
Board or its computerized system for real time reporting of sales and Non -
Technical services fee and royalty 15% receipts Advance Tax on Cash Withdrawal [231AB] ATL
ATL
Contract or sub-contract under a construction, assembly or
Person’s turnover from supplies through ecommerce including from Cash withdrawal exceeding Rs 50,000/- per day from all
installation project in Pakistan including a contract for the supply of 0% 0.6%
running an online marketplace accounts
supervisory activities relating to such project.
7% Non -
any other contract for constructions or services rendered relating thereto Persons engaged in the sale and purchase of used vehicles Bonus Shares Issued by Companies [236Z] ATL
ATL
or a contract for advertising services rendered by T.V satellite channels Flour mills Value of the bonus shares issued 10% 20%

Naeem Co
Chartered Accountants Audit I Tax I Advisory www.naeem-ca.com
 Page 2
Naeem & Co
Chartered Accountants
TAX CARD FOR THE TAX YEAR 2023-24 nd
15-A, 2 Floor, Block D, PIA Housing Society, Main Boulevard, Lahore
Cell:+92 3009756505 | Lan: +92 42 35182536
Email: naeem@naeem-ca.com | Website: www.naeem-ca.com

Prizes and Winnings [Sec. 156 and Division VI, Part IV of Non - Tax on Electricity [Sec. 235 and Division V, Part IV of the First Sale or transfer of immovable property [Sec. 236K and Non -
ATL ATL ATL
the First Schedule] ATL Schedule Division X, Part IV of the First Schedule] ATL

Prizes on prize bonds or cross-word puzzle 15% 30% Domestic Electricity Consumption [Sec. 235] By Non-Resident via FCVA or NRVA 0% N/A

Winning from a raffle, lottery, quiz, prize offered by Where the amount of monthly bill is less than Rs.25,000 Nil Inheritance/ Gift N/A N/A
20% 40%
Companies for sale promotion Where the monthly bill is Rs.25,000 and above 7.5% Normal Purchase 3% 10.5%
payment of instalment in respect of the purchase of allotment
Petroleum Products [Sec. 156A and Division VI, Part IV Non - The gross amount of Electricity Bill of Commercial and
ATL Rates of immovable property where a transfer is to be affected 3% 10.5%
of the First Schedule] ATL Industrial consumers [Sec. 235]
after making payment of all instalments
Sale of petroleum products to petrol pump operators 12% 24% Where the amount of monthly bill is up to Rs.500 Nil Capital Gain on Disposal of Securities [Sec. 37A and Tax Year 2023
Division VII, Part I of the First Schedule] and onwards
Tax on Private Motor Vehicle Where the amount of monthly bill is more than Rs.500 and less
10%
[Sec. 231B and Division VII, Part ATL Non -ATL than Rs.20,000 Where the holding period does not exceed one year 15%
IV of the First Schedule] Rs.1,950 + 5% of Where the holding period exceeds one year but does not
In case of industrial customer, where the amount of monthly bill the amount 12.5%
Tax on Registration of private motor vehicle(S 231B (1)) exceed two years
is more than Rs.20,000 exceeding
Up to 850 cc 10,000 30,000 Rs.20,000 Where the holding period exceeds two years but does not
10%
851 cc – 1000 cc 20,000 60,000 Rs.1,950 + 12% exceed three years
In case of commercial custome, where the amount of monthly of the amount
1001 cc – 1300 cc 25,000 75,000 Where the holding period exceeds three years but does not
bill is more than Rs.20,000 exceeding 7.5%
1301 cc – 1600 cc 50,000 150,000 Rs.20,000 exceed four years

1601 cc – 1800 cc 150,000 450,000 Tax on electricity consumption from retailers other than Where the holding period exceeds four years but does not
Rates 5%
1801 cc – 2000 cc 200,000 600,000 Tier-I retailers (Sec. 235 1A) exceed five years

2001 cc – 2500 cc 6% of the value 18% of the value Where the amount does not exceed Rs. 30,000 3,000 Where the holding period exceeds five years but does not
2.5%
2501 cc – 3000 cc 8% of the value 24% of the value Where the amount exceeds Rs. 30,000 but does not exceed Rs. exceed six years
5,000
above 3000 cc 10% of the value 30% of the value 50,000
Where the holding period exceeds six years 0%
Provided that in cases where engine capacity is not applicable and the value Where the amount exceeds Rs. 50,000 but does not exceed Rs.
10,000
of vehicle is Rs. 5,000,000 or more, the rate of tax collectible shall be 3% of the 100,000
Future commodity contracts entered into by members of
import value as increased by customs duty, sales tax and federal excise duty in case 5%
Pakistan Mercantile Exchange
of imported vehicles or invoice value in case of locally manufactured assembled Retailers and service providers as notified by the Board
Up to Rs.200,000
vehicles. in the income tax general order Constru
Capital Gain on Immovable Property
cted
Leasing of Motor Vehicle to a Peron not appear in ATL. 4% of the value of [Sec. 37 1A and Division VIII, Part I Open Plots Flats
Tax on Telephone Users [Sec. Propert
Motor Vehicle (Sec. 231B (1A)) of the First Schedule]
236 and Division IV, Part IV of Rates y
the First Schedule]
Transfer of registration or ownership of motor vehicle(S 231B (2)) Where the holding period does not exceed
15% 15% 15%
Up to 850 cc - - one year
Telephone and internet, where the
10% of the exceeding amount of bill
851 cc – 1000 cc 5,000 15,000 monthly bill exceeds Rs. 1,000
Where the holding period exceeds one
12.5% 10% 7.5%
1001 cc – 1300 cc 7,500 22,500 15% of amount of bill or price of internet year but does not exceed two years
In the case of subscriber of internet,
prepaid card or prepaid telephone card or
1301 cc – 1600 cc 12,500 37,500 mobile telephone and pre-paid Where the holding period exceeds two
sale of units through any electronic medium 10% 7.5% 0%
internet or telephone card years but does not exceed three years
1601 cc – 1800 cc 18,750 56,250 or whatever form
1801 cc – 2000 cc 25,000 75,000 Sale by Auction [Sec. 236A and Division VIII, Part IV of Non - Where the holding period exceeds three
ATL 7.5% 5% -
2001 cc – 2500 cc 37,500 112,500 the First Schedule] ATL years but does not exceed four years

2501 cc – 3000 cc 50,000 150,000 Gross sale price of any property or goods sold 10% 20% Where the holding period exceeds four
5% 0% -
above 3000 cc 62,500 187,500 In case of immoveable property sold by auction 5% 10% years but does not exceed five years

Provided that where engine capacity is not applicable and the value of Sale or transfer of immovable property [Sec. 236C and Non - Where the holding period exceeds five
ATL 2.5% - -
vehicle is Rs. 5,000,000 or more, the amount of tax collectible shall be Rs.20,000. Division X, Part IV of the First Schedule] ATL years but does not exceed six years

Brokerage and Commission [Sec. 233 and Division II, Non - Gross amount of consideration received 3% 6% Where the holding period exceeds six
ATL 0% - -
Part IV of the First Schedule] ATL Foreign TV plays and years
advertisements [Sec. 236CA and
ATL Non -ATL
Advertising agent 10% 20% Division V, Part IV of the First
Tax Year 2022
Schedule] Tax on deemed income [Sec. 7E]
and onwards
Life insurance commission less than Rs.0.5M per annum 8% 16% Foreign produced TV drama serial or Rs.2,000,000 per
Rs.1,000,000 per episode
Others 12% 24% play episode On an amount equal to five percent of the fair market value of
20% of the deemed
capital assets situated in Pakistan held on the last day of tax
Income
Tax on Motor Vehicles [Sec. 234 and Division III, Part IV Non - Foreign produced TV Play Single Rs. 3,000,000 per single Rs.6,000,000 year
ATL
of the First Schedule] ATL Episode episode single episode
Small and Medium Enterprises [Sec.100E, 2(59A) and Tax Year 2021
14th Schedule] and onwards
Rs.2.5/ Rs.5/ Rs. 1,000,000 per
Goods Transport Vehicle | Based on laden weight Advertisement Starring Foreign actor Rs. 500,000 per second
Kg Kg second
Where annual business turnover does not exceed Rs. 100 7.5% of taxable
million income
Goods Transport Vehicle | Laden weight 8,120Kg > after 10 yrs. Rs.3/ Sale to Distributors, Dealers and Wholesalers [Sec. Non -
Rs.1.2K ATL
of registration Kg 236G and Division XIV, Part IV of the First Schedule] ATL
Where annual business turnover exeeds Rs. 100 million but 15% of taxable
Passenger transport vehicle Every manufacturer or commercial importer shall has to be collected advance tax does not exceed Rs. 250 million income
plying for hire | Based on seating ATL Non -ATL from wholesaler, distributor & dealers at the time of sales made to them
& air-conditioning (of pharmaceuticals, poultry and animal feed, edible oil and ghee, auto-parts, Option for final tax regime

4 to 10 persons 500 per seat p.a 1,000 per seat p.a tyres, varnishes, chemicals, cosmetics, IT equipment, electronics, sugar, cement, Where annual business turnover does not exceed Rs. 100 0.25% of gross
iron and steel products, fertilizer, motorcycles, pesticides, cigarettes, glass,
10 to 20 persons 1,500per seat p.a 2,000 per seat p.a textile, beverages, paint or foam sector) million turnover

20 and above 2,500 per seat p.a 4,000 per seat p.a Where annual business turnover exeeds Rs. 100 million but 0.5% of gross
Fertilizers 0.7% 1.4%
Other motor car having engine capacity of: does not exceed Rs. 250 million turnover

up to 1000 cc 800 1,600 Other than fertilizers 0.1% 0.2% Initial and First Year Allowance

1001cc to 1199cc 1,500 3,000 Provided that the rate of advance tax on sale to distributors, dealers The rate of initial allowance shall be 25% for plant and machinery (Sec.23)
or wholesalers of fertilizer shall be 0.25%, if they are already appearing on
1200cc to 1299cc 1,750 4,500 The rate of first year allowance shall be 90% (Sec.23B)
both the Active Taxpayers’ Lists issued under the provisions of the Sales Tax Act,
1300cc to 1499cc 2,500 5,000 1990 and the Income Tax Ordinance, 2001 (XLIX of 2001) From July 1, 2022, 100% depreciation will be allowed in the year of purchase.

1500cc to 1599cc 3,750 7,500 Tax on sale to retailers [Sec. 236H and Division XV, Part Non - Tax Depreciation Rates Rates
ATL
1600cc to 1999cc 4,500 9,000 IV of the First Schedule] ATL Building (all types) 10%
2000cc and above 10,000 20,000 Sales to retailers by manufacturer, distributor, Furniture (including fittings) and machinery and plant (not otherwise
specified), Motor vehicles (all types), ships, technical or professional 15%
Where the motor vehicle tax is collected in lump sum dealer, wholesaler or commercial importer shall has
to be collected advance tax from (pharmaceuticals, poultry books
up to 1000 cc 10,000 20,000 Computer hardware including printer, monitor and allied items,
and animal feed, edible oil and ghee, auto- parts,
0.5% 1% machinery and equipment used in manufacture of IT products, aircrafts 30%
1001cc to 1199cc 18,000 36,000 tyres, varnishes, chemicals, cosmetics, IT equipment,
and aero engines
electronics, sugar, cement, iron and steel products,
1200cc to 1299cc 20,000 40,000 fertilizer, motorcycles, pesticides, cigarettes, glass, In case of mineral oil concerns the income of which is liable to be
1300cc to 1499cc 30,000 60,000 textile, beverages, paint or foam sector) computed in accordance with the rules in Part-I of the Fifth Schedule: 20%
Persons remitting amounts abroad through credit, debit -Offshore platform and production installations
1500cc to 1599cc 45,000 90,000 Non -
or prepaid cards [Sec. 236Y and Division XXI, Part IV of ATL
1600cc to 1999cc 60,000 120,000 ATL
the First Schedule] A ramp built to provide access to persons with disabilities not exceeding
100%
2000cc and above 120,000 240,000 On gross amount remitted abroad 5% 10.0% Rs. 250,000 each

Disclaimer:This document serves as a summary of withholding rates applicable for the tax year 2023-24 in Pakistan. Please note that this information is provided for general guidance purposes only and should not be considered as professional tax
advice. We do not assume any responsibility for the accuracy or completeness of the information contained herein.

Naeem Co
Chartered Accountants Audit I Tax I Advisory www.naeem-ca.com