Taxation in Pakistan
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Pakistan's Current Taxation system is defined by Income Tax Ordinance 2001, promulgated on 13 September 2001, which became effective from 1 July 2002.
Income Tax Act of 1922Edit
Income Tax Act of 1929: prevalent in the British Raj and was adopted by the Government of India as its Income Tax Law.
Income Tax Ordinance (1979)Edit
The Income Tax Ordinance was the first law on Income Tax which was promulgated in Pakistan from 1 July 1979 by Government of Pakistan.
Income Tax Ordinance 2001Edit
To update the tax laws and bring country's law in accordance with international standards, Income Tax Ordinance 2001 was promulgated on 13 September 2001, which became effective from 1 July 2002.
IT rules 2002Edit
IT rules 2002 were promulgated by FBR on 1 July 2002 in exercise of powers granted under section 237 of the Ordinance.
Federal taxes are administered by the Federal Board of Revenue.
Corporate Income tax rates Corporate Income tax rates are 30% for companies and 35% for Banking Industry for TY 2018 
According to a 2002 study, 99% of 256 respondents reported facing corruption with regard to taxation. Furthermore, 32% of respondents reported paying bribes to have their tax assessment lowered, and nearly 14% reported receiving fictitious tax assessments until a bribe was paid.
- Bahl, R., Wallace, S., & Cyan, M. (2008). Pakistan: Provincial government taxation (No. paper0807). International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- Horrigan, Kevin (2010-09-26). "Take a lesson from Pakistan: Taxes are for suckers". Saint Louis Post-Dispatch. Retrieved 2010-11-07.
- Abdul Wahid Ahmed _ Faculty at Institute of Business Management _ Ref- ITO 2001 _ Karachi, Pakistan.
- "Nature & Extent of Corruption in the Public Sector" (PDF). Transparency International–Pakistan. 2002. Retrieved 2010-11-07.
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