The Finance Bill 2010 proposes to raise the General Sales Tax rate 1 percent to 17 percent. The proposal if enacted into law would come into force from July 1 17 percent. The proposal if enacted into law would come into force from July 1.

The Finance Bill 2010 proposes to raise the General Sales Tax rate 1 percent to 17 percent. The proposal if enacted into law would come into force from July 1 17 percent. The proposal if enacted into law would come into force from July 1.

Pakistan’s proposed budget law seeks to raise the basic exemption from the income tax levy to Rs. 300,000 for all taxpayers. The current exemption is Rs 100,000 for non-salaried taxpayers, Rs. 200,000 for male salaried taxpayers and Rs. 260,000 for the female salaried taxpayers.

Pakistan’s proposed budget law seeks to raise the basic exemption from the income tax levy to Rs. 300,000 for all taxpayers. The current exemption is Rs 100,000 for non-salaried taxpayers, Rs. 200,000 for male salaried taxpayers and Rs. 260,000 for the female salaried taxpayers.

The Finance Bill 2010 seeks to levy capital gain tax on the gain from the sale of stocks within one year of their purchase at 10 percent if shares held for less than 6 months and 7.5 percent if shares held for more than six months but less than one year.

The Finance Bill 2010 seeks to levy capital gain tax on the gain from the sale of stocks within one year of their purchase at 10 percent if shares held for less than 6 months and 7.5 percent if shares held for more than six months but less than one year.

The budget proposes to impose Federal Excise Duty @ Rs. 1 per filter rod meant for using in cigarettes. The duty is imposed to bring into the tax net the unregistered persons engaged in the cigarette manufacturing

The budget proposes to impose Federal Excise Duty @ Rs. 1 per filter rod meant for using in cigarettes. The duty is imposed to bring into the tax net the unregistered persons engaged in the cigarette manufacturing

The closely held companies would get an income tax credit of 5 percent if the get listed on one or more stock exchange in Pakistan. The incentive would only be available in the year of such listing.

The closely held companies would get an income tax credit of 5 percent if the get listed on one or more stock exchange in Pakistan. The incentive would only be available in the year of such listing.