2024

Withholding Tax Rates 2024

Access the latest withholding tax rates for tax year 2024 and stay compliant with current tax regulation in pakistan

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Tax Year Overview

Effective Date: July 1, 2023

Tax Year : 2024

Source : FBR Notifications

Last Updated : Latest Finance Act Amendments and FBR Notifications

The Withholding Tax Rates applicable for Tax Year 2024 were implemented through Finance Act 2023. The rates governed taxation on salaries, contracts, property transactions, imports, exports, banking activities, and other specified payments. Businesses and individuals were required to comply with the updated withholding provisions introduced by FBR.

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Rate Categories

Salary Income

This refers to the regular income you earn from employment or a job.

Property Transactions

This includes income earned from buying, selling, or renting out real estate.

Banking Transactions

This covers taxes applied to banking activities and profits earned on bank deposits.

Vehicles

This applies to income generated from vehicle sales or using vehicles for commercial contract services.

Contracts

This relates to the tax on payments received for fulfilling business or official contracts.

Services

This includes taxes applied to providing professional, technical, or business services.

Imports

This covers withholding taxes levied on goods and items brought into the country from abroad.

Exports

This refers to tax rates applicable to income earned from selling goods to international markets.

Dividends

This is the tax deducted from the profit-sharing payouts received by company shareholders.

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Download Withholding Tax Rates 2024 PDF

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Why This Card Matters?

This withholding tax rates card provides a quick reference to commonly used withholding tax rates applicable during Tax Year 2024. It helps businesses, employers, and individuals stay informed and compilant with the current tax laws in Pakistan.