ISLAMABAD – The federal and provincial governments collects various taxes ranging from property, vehicle to bank transactions.
Authorities offer different slabs of tax rate for filers and non-filers as additional amount is recovered from the latter for not being a registered taxpayer.
The higher tax rate for non-filers aims at encouraging them to join the tax base in order to avail various facilities, including minimal taxes, as a taxpayer.
Following are the most common tax rates for both filer and non-filers:
Tax | Filer | Non-Filer |
Bank transaction of Rs50,000 or above | 0% | 0.6% |
International Transaction thru Debit or Credit Cards | 2% | 10% |
Buying Property | 3% | 10.5% |
Selling Property | 3% | 6% |
Profit on Savings Account | 15% | 30% |
Tax on Prize Bond amount | 15% | 30% |
Car lease from banks | 0% | 12% |
Commission Tax | 12% | 24% |
Electricity bill above Rs25,000 | 0% | 7.5% |
Rent income | 5-25% | 10-50% |
Buying car or Registration | 10k-500k | 30k-1500k |
Vehicle Token tax | 800-10000 | 1600-20000 |