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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%.
Approximately 90 percent of Pakistanis live within areas that have cell phone coverage and more than half of all Pakistanis have access to a cell phone. [8] With 194 million mobile subscribers in June 2022, Pakistan has the highest mobile penetration rate in the South Asian region. 3G/4G subscribers stood at 115 million in June 2022.
In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in ...
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
As of 2020, Pakistan has 85% teledensity with 183 million cellular, 98 million 3G/4G and 101 million broadband subscribers, due to the foundations laid by Atta-ur-Rahman of the IT and telecom industry during 2000-2008. [19] Pakistan is now ranked as one of the top countries that have registered a high growth rate in internet penetration.
www.pta.gov.pk. The Pakistan Telecommunication Authority (PTA) (Urdu: مقتدرہِ ٹیلی مواصلات پاکستان) is the telecommunication regulator of Pakistan, responsible for the establishment, operation and maintenance of telecommunication systems and the provision of telecommunication services in Pakistan. Headquartered in ...
Mobile phone industry in Pakistan. The mobile phone network operator industry in Pakistan is a growing industry. According to figures from the Pakistan Telecommunication Authority (PTA), there were 152 million mobile 'phone subscribers' in Pakistan in March 2019. [1] [2] [3] [4]
Internet tax is a tax on Internet -based services. A number of jurisdictions have introduced an Internet tax and others are considering doing so mainly as a result of successful tax avoidance by multinational corporations that operate within the digital economy. [1] Internet taxes prominently target companies including Facebook, Google, Amazon ...