0% found this document useful (0 votes)
172 views7 pagesTax Rates 2023-24-Farhan Law
Tax rate 2023-24
Uploaded by
Arif TareenCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
0% found this document useful (0 votes)
172 views7 pagesTax Rates 2023-24-Farhan Law
Tax rate 2023-24
Uploaded by
Arif TareenCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
/ 7
>|
FARHAN OA
Advocates & Soli
vy. fe
TAX RATES
TAX YEAR
2023-24
O®OGOO®O ABOUT US
Farhan & Associates is a multi oriented Pakistan-based corporate law firm since 2006 working as a progressive
and dynamic full service law firrn with help of a talent pool of some of the best Pakistani young lawyers. The firm,
has its office in Lahore through which we can provide seamless legal services.
Beginning with a very modest setting, Farhan & Associates has grown over the years both in size and in
reputation and has become a benchmark of quality amongst professional law firms in Pakistan providing legal
services in its core practice areas
OUR VISION
Don't hesitate to call us any time; we will solve your,
problem. In cooperation with our Clients we are
guided by the follawing principles:
Non-disclosure;
High quality of our work, while maintaining a
competitive remuneration level
A professional team in the law firm;
Helping the Clients to save their costs, while
maintaining a high level of service and focusing on
OUR PRIORITIES
achieving the best possible outcome;
+ Current availability of a specific representative of the Law
Firm dealing with the case:
‘Systematic reporting of the status of conducted cases
‘Ongoing consultation with the Client of the steps taken;
+ Constant contact with the Client;
Cooperation with the best notaries, accountants and
sworn translators who help to ensure that the Client's
‘matters are dealt with quickly and efficiently.
We put into practice a benchmark which is considered as our elementary manuscript in all aspects of our
services to our clients:
+ Client satisfaction is the core focus of our all activities by rendering prompt, timely and effective integrated services.
Continuous education and development programs for our team members are part of our belief system; to keep,
up with the changing global environment.
+ Our inspiration is to be a renowned and eminent global law firrn and to provide swift, reliable and high quality
legal services to the foreign investors and Pakistani entrepreneurs.
= We ensure our clients of the confidentiality and respect for their information and values.
Memoir of
Vice Chairman Punjab Bar Council (2021-22)
+ Member Punjab Bar Council 2021-25)
General Secretary Pakistan Tax Bar Ascociation (2019-21)
President Lahore Tax Bar Association (201617)
General Secretary Lahore Tax Bar Association (2012-13)
Joint Secretary Lahore Tax Bar Association (2008.09)
‘Compiling of book “Compendium of Tax Laws! in 2012
Visiting Faculty Punjab Judicial Academy and BZU 201617
= Twenty (20) years’ experience of Taxation, Accounts and
Financial cases running independent tiem Farhan & Associates,
FARHAN SHAHZAD
Member Punjab Bar Council
Former Viee Chairman Punjab Bar Council
ane eat ee
Farhan Shahzad is dedicated to sustaining and preserving his legacy of quality, integrity
and strives for law practice excellence, by consistently delivering highly skilled, ethical
and committed legal representation to his clients, With his experience and in-depth
knowledge of the market he is able to address all of his clients’ needs, assisting
corporations and individuals at alocal or international evel on the legal issues involving
them. He stands up for his clients’ causes, endeavoring for the best results, day by day.
In Lahore, Pakistan
+ Member American Bar Association (USA)
Four years’ experience of Taxation, Accounts and Financial Matters
with Zafar & Associates, Lahore Pakistan from 10-10-2008 to
06-07-2006,
‘Co-Conyener Finance & Taxation, LCC! 2008 to onward
‘Advocacy Training Programme with British Council, Lahore 2006
Tax Training Programme with Directorate of Training, FBR 2006,
= Compiling of book “The Sales Tax Act, 1990" in 2005,
Member International Bar Association (UK)
Income Tax, Sales Ta,
Federal Excise Dury,
Customs,
TAX.
\(@
‘Sales Taxon Services
(Punjab, Sind, KPK,
Balochistan & Islamabad)
Se
www.farhanassociate.com.pk TAX YEAR 2023
TAPS: FINAL DISCHARGE OF TAX’
into Re eco ooo | co ature of Payment ‘Section Fiier[ _nener
‘TAX RATES FOR SALARIED PERSONS ROFTT on wT DAN pane 7s = om
MNT sponte =
rao on ef eo
SedGes Bommel me SE frecisuad acre wart oe woetsterat =
see Tii[-ra=-[ | | TAX ON HIGH EARNING PERSONS FOR POVERTY ALLEVIATION UIS AC
ar eoteremteac Sa =
“|r| som | soo | Rag tSsnsy Ars Snape Cae aa OR es
CAPITAL GAIN UNDER SECTION 37
re ST TG soe) ae | ae ag RTaE a
Ss ef Stwra Dang Pg Era. esoae Be = 7B
{ig Sere hehe so acy | vam | 20m z
tei ss areas: or Ti
STE — SATS Snee ag =
Spreng Conn ST SS
FE EURANE ap ie tO a0 “TAK ON SEEMED RENTAL WCOWE US TE
SRSCERGE CUMS an sa | lis of Pope tba Taxed ae
eee _ 1235 ia) wito Bi Rs 960.0004 | | Fae market value of the property's), in aggregate exceeding Rs. 25 millon Ea
PAYMENT OF TAX THROUGH ELECTRICTY CONNECTIONS US99A
rst arent of Hon Bi Te
aa iene br eh =
TAR RATES FOR COMPANIES
IRATE OF TAKON IMPORT OF MOBILE PHONES US 148, oo ee
AF vate ttoate Pons 9S) | cascmanen rr] eat) [puSS ant Co ss
od 73 @ | fines Sopa Ta it
‘Excseding 30 and upto 100 and smart phones upto 100 700 z jwecerse ae
eed Tw D0 0 a
end a 5D 7 a
Eacthg So wo 7a a
TREOUE FROM PROPERTY (HO & OPS) [Secon 158 1
Re 0060 =
RAC U Ee reed TAX YEAR 2023
Nature of Payment [Section] —ATL_[ Nona Nature of Payment [Section] ATL | NowATL.
ELECTRICITY MOTOR VEHICLES
URCH
PROFIT ON DEE
‘OTHERS ro
WEALTH STATEMENT AND RECONCILIATION STATEMENT. co
Callecon of sane x by eecston
2360 | Payent ores fer of macunty and aE TAX YEAR 2024
CRATES FOR NON ALARED WOWBUALE TAG RAL BRRRGEOF TR
een Pea a
aT 7 Tamera eae
oko a aa Tes | nea
fe ouastn a no
Soe eae See | peu we eee
ie ianaee oo a si
i ianoes nc Ranocas —| hetetne anarr ‘ont
aoe Seo | eae a one sae
oT ae
Stee ar S—_ Sistema am *
Rs. 2a c0o wR 3.500000 Tes 165000 2255) | [Fest oor igh Series "sa116) ccd
eer Eagerars—| feacerlnenar ee
Rs. € 000,000 and above Rs.1,096 000 #35 [Surety of Goode IND | AOP iia 5m 9%
MINIMUM TAX, [SERVICES IND / AOP f28y8) 11.0% 220%
I ia ie
crept rein 1S | tetctemowr | [ictus amen aumento peer 122418)
Jnemec SSGPLSNGAL,PIAC A Pautryininty| 113 | O78%eturar | |Sevu incommurounn sree sours)
Egger orms ro [osname | eammercnaracor— Tae
[Distrutors of Pharmaceuicals, FMCG, Cian, [CONTRACT by Spars Person nme 10.0%, 200%.
faceieacraorie cea more z
SS ee ee ia Ls
fsa screener
Sa ce a
en ‘sa | aR RE 2 ce
rare career ——[raea| ss Son fre ar 2 ——}-sa [an
scars voneas nom ‘| ta APTA GANG BSPOSA OF SETS
[SERVICES (Except Companies) 153(10)| 10.00%] 20.00% Folding Period a
feels rer Tee Fag (age or —
ese a ee [iss marerncn onus uceeced ey | —— Wa
Seecteectaesse™ lian) son] oom | EER Einenees sama | — ar
eter, by tn Stk Ewchonge La & Fer camo cnc weeny mu Pan me
lee crore ere axon igh Earing Parone Fo poverty Alition US-46
ae ee ‘Income under section 4C Rate of tax
Sao [awl a| a | oe a
Pee eee] coc | tom] aon | soe a
Eee a fami
Sec aa ano ee [Se onan wanna
Santen perce Soren pare ators hs Fin oo
TATE EON PORTS ROOLE ORE UST
cervinstiomtometnusy | eae | eae
or 3
a
soon eaee =
Esmionienes ——
SEES 1 TAX YEAR 2024
‘Capital Gain under section 37 TEOME ROW PROPERTY NOE AO [aon TSE 3]
ager Senos cP a —| [nora ome
veri wib yess 7a se
