Home »Budgets » 2013-14 » At a glance

Sales Tax rate raised to 17%

-- Unregistered payers to pay further tax of 2%

-- 0.5% levy on moveable assets such as shares

-- Top tax rate on business individuals raised to 35%; salaried people to 30%

-- Cigarette to cost more

-- Minimum tax rate doubled to 1%

-- Corporate tax to be 34% for tax year 2014

-- Banking secrecy no more: on-line access to FBR for all transactions

-- Rs 10m or more deposits particulars to be provided by banks

-- Rs 100k a year credit card payments to be traced

-- Import of hybrid cars encouraged

-- Capacity tax on drink manufacturers

-- Unregistered Commercial & Industrial Power users to pay more WHT

-- Holding company dividend to be taxed

-- Rebate on Income Tax to teachers withdrawn

-- Advance Tax on dealers, architecture etc, imposed

-- NTN Certificate display by businesses a must

-- Advance Tax to be collected on TV & Cables by Pemra

-- Pensioners to get 10% more; no raise in govt employees salaries

Copyright Business Recorder, 2013


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