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What is 2024 Withholding Tax Rates Summary about?

This document summarizes tax rates for withholding income tax in Pakistan for tax year 2024, noting amendments from the Finance Act 2023. Key points include: - Tax rates ranging from 0-22% for various types of income like foreign remittances, payments to non-residents, brokerage commissions, and others. - Import duties ranging from 1-12% depending on importer category and goods schedule. Rates are higher for non-filers. - Motor vehicle taxes including 3% for electric vehicles over Rs.5M and increased rates

Author

Maira Shah

Language

EN