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Tag Archives: Tax Rate

Withholding Tax Rates in Pakistan for 2018-19

A withholding tax also called as a retention tax, is an income tax that is paid to the government by the payer of the income rather than by the recipient of the revenue. The tax is then withheld or deducted from the revenue due to the recipient. People of Pakistan are now well aware of this tax. In 2018 it has been declared by the tax chat that withholding tax rates are so applicable to cash withdrawal services. For guidance, it is a kind of income tax that is applicable by using various type of bank services. Usually, the money goes to the government from the payer side. The importance of withholding tax rates in Pakistan (2018-2019) is due to its own adjustable and …

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Corporate Tax Rate in Pakistan 2018-19 – Super Tax

Tax pay an essential part in building the economy of the country but unfortunately due to wrong use of our tax money by most of the Govts in Pakistan. People avoid to pay their taxes or try to find ways to prevent it. This has brought Pakistan to very less tax collection. It’s not that people of Pakistan are not willing to pay taxes, it worth to mention here that Pakistan comes in the list of wealthier countries who do charity Pakistan gives 1 per cent of GDP in the charity whereas wealthier countries like Canada gives 1.2 per cent, U.K gives 1.3 per cent. As per calculation, Pakistan gives 2 billion dollars in charity every year. Coming back to …

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