This document calculates various customs duties and taxes for imported goods valued at 850 CNF with a customs value of 138720 PKR. It first calculates regulatory duty, import customs duty, addition customs duty, sales tax, and additional sales tax. It then calculates income tax at 6% of the total value for a tax filer. Finally, it sums all the various duties and taxes to give a total customs duty and taxes amount of 50083.5 PKR.
This document calculates various customs duties and taxes for imported goods valued at 850 CNF with a customs value of 138720 PKR. It first calculates regulatory duty, import customs duty, addition customs duty, sales tax, and additional sales tax. It then calculates income tax at 6% of the total value for a tax filer. Finally, it sums all the various duties and taxes to give a total customs duty and taxes amount of 50083.5 PKR.
This document calculates various customs duties and taxes for imported goods valued at 850 CNF with a customs value of 138720 PKR. It first calculates regulatory duty, import customs duty, addition customs duty, sales tax, and additional sales tax. It then calculates income tax at 6% of the total value for a tax filer. Finally, it sums all the various duties and taxes to give a total customs duty and taxes amount of 50083.5 PKR.
Insurance (1% of CNF Value) 8.5 Customs Value in US$ 867 Custom Value in PKR 138720
Calculation of Regulatory Duty
Regulatory Duty in PKR 4161.6
Calculation of Import Customs Duty
Import Customs Duty in PKR 4161.6 Addition Customs duty in PKR 1387.2
Calculation of Sales tax of Imported Goods
Customs Value in PKR 138720 Regulatory Duty in PKR 4161.6 Customs Duty in PKR 4161.6 Addition Customs duty in PKR 1387.2 Now add all the above values Total Duty in PKR 148430.4 Sales Tax in PKR 25233.17 And we also pay 3% of additional sales tax as a commercial importer. Additional Sales Tax in PKR 4452.912
Calculation of Income Tax for Imported Goods
There are two types of income tax applied in Pakistan filler, and non-filer. Filer has to pay 6% of income tax, Customs Value in PKR 138720 Regulatory Duty in PKR 4161.6 Customs Duty in PKR 4161.6 Addition Customs duty in PKR 1387.2 Sales Tax in PKR 25233.17 Addition Sales Tax in PKR 4452.92 Total Value 178116.5 Income Tax in PKR (Value x 6%) 10686.99
Total Customs Duty and Taxes of Imported Goods
Now, add all the customs duty and taxes that we have calculated above to get the customs duty and taxes of th Regulatory Duty in PKR 4161.6 Customs Duty in PKR 4161.6 Additional Customs Duty in PKR 1387.2 Sales Tax in PKR 25233.17 Additional Sales Tax in PKR 4452.92 Income Tax in PKR 10686.99 Total Customs Duty and Taxes 50083.5 PKR pay 6% of income tax, and the non-filer has to pay 9% of income tax to the government. Simply add all the above ca
oms duty and taxes of the imported goods.
Simply add all the above calculated values to calculate the income tax. Let’s calculate income tax as a filer which is 6%. ax as a filer which is 6%.