Tax Rates in Pakistan 2013

What is the Tax and its Rates in a country ? A compulsory contribution to state revenue, levied by the government on workers’ income and business profits or added to the cost of some goods, services, and transactions. In the Different Countries Tax rates and Burdens are different and fall on the differently on the Various groups. So here we are providing you the Tax rates around the world in different countries like VAT, GST, and Sales Tax.

Law with reference to taxation of income in Pakistan is confirmed in the Income Tax Ordinance, 2001 and the regulations framed there under viz, Income Tax Rules, 2002. The Ordinance is a essential statute and is, therefore, appropriate to the whole of Pakistan.

Under section 4 of the Ordinance, income tax is compulsory for each tax year at particular rates on every person who has payable income for the year. The tax to be paid is calculated by applying the rate of tax to the taxable income of the tax-payer for the year and any tax credit allowed to the tax-payer for that year is deducted from that amount.

Tax Rates in Pakistan 2013 Income Tax, Sales Tax, General Tax, Property Tax, Value Added Tax

Tax Rates in Pakistan 2013

Income Tax, Sales Tax, General Tax, Property Tax, Value Added Tax

Here we are providing you all type tax rates in Pakistan and also discus about it that those person whose coming in the circle of Tax (Payable People) what what ratio will be apply on them (What will be tax rates on them) because in the Pakistan some various taxes apply on the various conditions like General Sells Tax, Value Added Tax, Income Tax, property Tax, and taxes on Factories and companies.

One of the most important uses of taxes is to finance public goods and services, such as street lighting and street cleaning. Since public goods and services do not allow a non-payer to be excluded, or allow exclusion by a consumer, there cannot be a market in the good or service, and so they need to be provided by the government or a quasi-government agency, which tend to finance themselves largely through taxes.

Here we are providing you the List of the Tax rates in all over the world because every country have different Tax rates according to their rules and their different uses and spending the tax collection.

In all over the world tax rates are different in the different countries and they use the Tax collection on the development of the country.

Tax Rate in All Over The World

Country/Region Corporate Individual (min) Individual (max) VAT / GST / Sales
Afghanistan 20% 2% to 5%
Albania 10% 20%
Algeria 19% 0% 35% 17% or 14% or 7%
Andorra 10% 0% 0% 4.5% or 1%
Angola 35% 1% 42.75% 10%
Argentina 35% 9% 35% 21%
Armenia 20% 20%
Aruba 28%
Australia 30% 0% 45%1.5% (Medicare levy) 10% GST (0% on essential items)
Austria 25% 21% 50% 20%
Azerbaijan 20% 0% 25% 18%
Bahamas 0% 0% 0% 0%
Bangladesh 0–45% 0% 25% 15%
Barbados 25% 25% 35% 15% (hotel accommodation 7.5%)
Belarus 18% 12% 12% 20% or 10%
Belgium 33.99% 25% 50% 21% (6% for essential and selected goods)
Benin 35% 35% 18%
Bhutan 0% 25%
Bolivia 25% (IUE: on profits) – 3% (IT: income resulting from transactions) 0% 13% 13% (VAT) – multiple rates (ICE: Consumption of specific products)
Bosnia and Herzegovina 10% FBiH, 10% RS 5% FBiH, 0–15% RS 17% FBiH and RS
Botswana 15% (plus 10% surcharge) 25% 12%
Brazil 34% 0% 27.5% 17% to 25%
Brunei 23.5% 0% N/A
Bulgaria 10% 10% 20%
Burkina Faso 10–30% 2% 30% 18%
Burundi 35% 35% 18%
Cambodia 10%
Cameroon 38.5% 10% 35% 19.25%
Canada 16%–31% (11%–15% federal + 5%–16% provincial) 4% (0% federal + 4% provincial) 15-29% (federal) 5-25.75% (provincial) 5% (Federal GST) with exemptions for small-businesses0–10%(PST)
Cape Verde 15%
Central African Republic 19%
Chile 18.5% (on profit withdrawals) 0% 40% 19%
China 25% 5% 45% 17% with many exceptions
Colombia 33% 0% 33% 16%
Costa Rica 30% (10% or 20% for small businesses) 0% 25% 13%
Croatia 20% 12% 40% 25% (0% on books and some foods)
Cuba 30% 10% 50% 2.5% to 20%
Cyprus 10% 0% 35% 17% (5% or 0% for certain goods)
Czech Republic 19% 15% 20% or 15% (certain goods)
Denmark 25% 36.56% 59.5% 25%
Dominican Republic 29% 0% 25% 16%
Egypt 20% 10% 20% 10% (standard), 25% (luxury goods), 0% (exports)
El Salvador 25/30% 0% 30% 13%
Estonia 0% on profit retained in company; flat 21% when earned profit is distributed to shareholders 21% 21% 20% or 9%
Finland 26% 6.5% national16% municipal 30% national21% municipal 24%
13% (food and fodder)
9% (e.g. accommodation and culture)
France 33.33% 0% 75% (income tax) 19.6% or 7% or 5.5% or 2.1%
Gabon 35% 5% 35% 18%
Germany 29.8% (average) 0% 45% 19% or 7% (e.g. food)
Georgia 15% 20% 18%
Gibraltar 10% 17% 40% 0%
Greece 22/25% 0% 45% 23% or 11%
Guatemala 5% of Revenue or
31% of Net Income
5% 7% 12%
Guyana 30%/40%/45% 33?% 16% or 0%
Hong Kong 16.5% 0% 15% N/A
Hungary 10% and 19% 16% and 20.32% (2012) 27%, 18% (milk, dairy products, flour, cereals, bakery products etc.), 5% (medicines, books etc.)
Iceland 20% 0% 46% 25.5% or 7%
India 30% 0% 33% 5.5% – 14.5%
Indonesia 25% starting FY 2010 5% 30% 10%
Iran 25% 0% 35% 1.5-10% depending on item
Ireland 12.5%/25%/10% 0% 41% 23% Goods
9%-13.5% Services
0% certain items of food
Israel 24% 14.5% 46% 17%
Italy 31.4% 23% 43% 21% or 10% or 4% (food, books)
Jamaica 33.3% 0% 25% 17.5%
Japan 40.69% 5% 50% (40% national + 10% local) 5% (consumption)
Jordan 14/24/30% 0% 14% 16% (GST)
Kazakhstan 17.5%, 15%(2011-) 10% 12%
South Korea 10%,20%,22% 6% 38% 10%
Latvia 15% 23% 21%
Lebanon 15/4-21% 2% 20% 10%
Liechtenstein 12.5% 1.2% 17.82% 3.6-7.6%, (lodging services additional 2.4%)
Lithuania 15% 0% 15% 21%
Luxembourg 29.63% 6% 38.95% 15%
Macau 12%
Macedonia 10% 10% 18% or 5%
Malaysia 25% 0% 26%
Maldives 0-15% 6% Since January 1, 2012 (Increased from 3.5% set on October 2, 2011)
Malta 0-6.25% effective tax rate due to imputation system,following credits & refunds 0% 35% 18%
Mauritius 15% 15% 15%
Mexico 28% 3–29% 16%
Monaco Companies do not pay any direct tax on their profits. However, if more than 25% of a company’s turnover is generated outside of Monaco, then the company is subject to a 33.33%, after various allowable deductions, this results in an effective corporate tax rate of under 6%. 0% 5.5 – 19.6%
Montenegro 9% 15% 17%
Morocco 30% 0% 38% 20%
Nepal 5% 10% 25% 13%
Netherlands 20/25% 0% 52% 21% (6% for essential and selected goods)
New Zealand 28% 10.5% 33% 15% GST
New Caledonia 30% 0% 25% on local income of non-residents40% N/A
Norway 28% 0% 47.8% 25% or 15% (food and drink in shops) or 8% (transportation, cineam, hotel rooms)
Pakistan 35% 7.5% 35% 16% (GST)
Palestine 15% 5% 15% 14.5% (VAT)
Panama 30% 0% 27% 7% or 0%
Peru 30% 0% 30% 18% (16% VAT + 2% Municipal Promotional Tax) 0–118% ISC Impuesto Selectivo al Consumo (To some products like liquor, cigarettes, etc.)
Philippines 30% 5% 32% 12% or 7% or 0%(in some cases, foreign investors are zero-rated)
Poland 19% 0% 32% (or optional 19% flat rate for self-employed) 23% or 8% or 5%
Portugal 25% 0% 54% Normal: 23% Intermediate: 13% Reduced: 6%Madeira, Açores: 15%, 9%, 4%
Qatar 10% (different rates for companies operating in the oil/gas sector). Qatari partners are not required to pay any tax on their share of profits. 0% 0%
Romania 16% 16% 24% or 9% (medicines, books, newspapers, hotel …), or 4%
Russia 20% (13% for SME, 0% for education and healthcare industries) 13% 13% 0-18% (reduced rates for certain goods, no VAT for SME except for imports activities)
Saudi Arabia 20% (higher for oil/gas) 0% (foreigners)
Zakat (natives)
0% (foreigners)
Zakat (natives)
0%
Senegal 25% 0% 50% 20%
Serbia 15% 12% 20% 20% or 8% or 0%(reduced rates are for certain goods)
Singapore 17% 3.5% 20% 7% (GST)
Slovakia 19% 19% 20% 10% on medication and books
Slovenia 20% (2012:18%, 2013:17%, 2014:16%, 2015+:15%) 16% 41% 20% or 8.5%
South Africa 28% 0% 40% 14%
Spain 25–30% 0% 52% 21% or 10% or 4%
Sri Lanka 0-35% 0% 35% 0% or 12%
Sweden 22% 0% 57% 25% or 12% or 6%
Switzerland 13–25% 0% 13.2% (federal) 8.0% or 3.8% or 2.5%
Syria 10–45% 5% 15%
Taiwan 17% 6% 40% 5%
Tanzania 30% 15% 30%
Thailand 23% (20% from FY2013 onward) 5% 37% 7%
Tunisia 30% 0% 35% 18% or 12% or 6%
Turkey 20% 15% 35% 18%
Ukraine 25% (16% from April 1, 2014) 15% 20% (17% from January 1, 2014)
United Arab Emirates N/A 0% 0% N/A
United Kingdom 20%-24% (decrease to 21% in 2014) 0% 45% 20% Standard Rate;
5% Reduced Rate for home energy and renovations;
0% Zero Rate for life necessities – groceries, water, prescription medications, medical equipment and supplies, public transport, children clothing, books and periodicals.
United States 0–39% (federal)
0–12% (states)
0% (federal)
0% (states)
39.6% (federal)
0-13% (states)
0-10.25% (states and local)
Uruguay 30% 0% 25% 22%
Uzbekistan 9% 5% 22% 0–20%
Venezuela 15/22/34% 6% 34% 8–10%/12%
Vietnam 25% 5% 35% 10%
British Virgin Islands N/A 0% 0% N/A
Zambia 35% 10% 30% 17.5%

For the Further Details about the Tax System of any country and its rates you should stay with us because here we will provide you latest updates about the Tax Rules and Regulation and its rates up down in ay country and if you want to ask any thing about it so you should comment us in below comment section.

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2 Responses

  1. I want import fruits from pakistan to malaysia. I have to know about the tax.

  2. The Govt. of Pakistan had announced increase of 1% in GST i.e. from 16% to 17% in the Budget 2013-14. This increase was implemented in the country soon after the announcement. Now the Hon'ble Supreme Court has taken action and the announcement stands nul and void.

    Now we want to know the clear picture, should we claim the GST 16% or 17% on our Service Charges and during the past few days we have charged 17%, what will be legal status of that 1% increase already charged on our Service charges.

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