UMAR MARKET, SHAHEENABAD, GUJRANWALA

TAX CARD FOR THE YEAR 2020-21 M: 0321-6472729 EMAIL: TAX@MMCO.PK

Website: https://www.mmco.pk
SALARY | Sec 149, Div I Part I 1 st Schedule Tax Rate Tax Rate
Nature of
Activity/ Nature of Payment Non- Nature of Tax Activity/ Nature of Payment
Taxable Income ATL ATL Non-ATL Tax
Rate of Tax ATL
From To
Up to 600,000 0% SUPPLY OF GOODS| S153(1)(a), Div. III P III 1 Sch, Cl 24A, 24C P II 2nd Schedule
st TAX COLLECTION BY NCCPL FROM STOCK EXCHANGE MEMBERS
600,000 1,200,000 5% on amount exceeding Rs. 600,000
Sale of rice, cottonseed oil & edible oil 1.5% 3% On financing of COT, margin financing,
1,200,001 1,800,000 30,000 10% on amount > Rs.1.2M Advance Tax margin trading or securities lending (U/s 10% Adv. Tax

+
Sale of cigarettes & pharma products by distributors & for Listed
1,800,001 2,500,000 90,000 15% on amount > Rs.1.8M 1% 2% 233AA, Div IIB Pt IV 1st Sch)

+
Large Import Houses companies and
2,500,001 3,500,000 195,000 17.5% on amount > Rs.2.5M Sale of sugar, cement & edible oil by dealers & sub- CNG STATIONS | Sec 234A, Div VIB Pt III 1st Schedule
+
0.25% 0.5% Companies
3,500,001 5,000,000 370,000 + 20% on amount > Rs.3.5M dealers Engaged in On the amount of gas bill 4% Min. Tax
5,000,001 8,000,000 670,000 22.5% on amount > Rs.5M Sale by Corporate FMCG distributors 2% 4% Manu-
+

facturing. ELECTRICITY CONSUMPTION | S235, Div IV Pt IV 1 Sch, Cl 66 P IV 2 nd Sch

st

8,000,001 12,000,000 1,345,000 25% on amount > Rs.8M Sale of goods by other (non-corporate) FMCG
+

2.5% 5% Minimum Electricity bill of commercial or industrial

27.5% on amount > Rs.12M
distributors Min. Tax for
12,000,001 30,000,000 2,345,000
+

Sale of other goods by companies Tax for other consumers | Exporters-cum-

4% 8% AOPs & Ind.
30,000,001 50,000,000 7,295,000 30% on amount > Rs.30M cases.
+

Sale of other goods by AOPs & Ind. manufacturers are exempt from this Various rates
for Bill Amt. up
4.5% 9% to Rs. 360K
50,000,001 75,000,000 13,295,000 32.5% on amount > Rs.50M collection
+

Note: No tax to be withheld in case of (a) where aggregate annual payment is below Rs 75,000/- (b) yarn Adv. Tax for
Above 75,000,000 21,420,000 35% on amount > Rs.75M
+

sold by traders to taxpayers specified in the sales tax zero-rated regime as per Clause (45A) of Pt IV of 2 nd other cases
Sched. AND (c) purchase of asset under lease & buy back agreement by modarabas, leasing/ banking
INDIVIDUAL & AOP (EXCEPT SALARIED PERSONS) - Sec 149, Div I Part I companies or financial institutions. DOMESTIC ELECTRICITY CONSUMP. | S 235A, DivXIX PIV 1st
1st Schedule Schedule
Taxable Income PAYMENTS FOR SERVICES | S 153(1)(b), 153(2), Div. III & Div IV P III 1 Sch. st
Monthly bill is below Rs. 75,000 0%
Rate of Tax Adv. Tax
From To Monthly bill is Rs. 75,000 and above 7.5%
Up to 400,000 0%
Advertising services (elec. & print media) 1.5% 3%
Transport, Freight forwarding, Air cargo services, TELEPHONE USERS | Sec 236, Div V Pt IV 1st Schedule
400,000 600,000 5% on amount exceeding Rs. 400,000
Courier, Manpower outsourcing, Hotel, Security Mobile phone bills & prepaid cards 12.5%
600,001 1,200,000 10,000 10% on amount > Rs.0.6M
+

guard, Software development, IT and IT enabled Landline bills exceeding Rs. 1,000 10% Adv. Tax
1,200,001 2,400,000 70,000 15% on amount > Rs.1.2M
+

services [as defined u/c (133) of Pt I of 2 Sch.], Tracking

nd Postpaid internet & prepaid net cards 12.5%
2,400,001 3,000,000 250,000 20% on amount > Rs.2.4M
+

services, Advertising (other than by print or electronic 3% 6% SALE BY AUCTION | Sec 236A, Div VIII Pt IV 1st Schedule
3,000,001 4,000,000 370,000 25% on amount > Rs.3.0M media), Share registrar services, Engineering services, Minimum
+

Sale price of any property or goods sold

30% on amount > Rs.4.0M Car rental, Building maintenance, Services of PSX & Tax 10% 20%
4,000,001 6,000,000 620,000 Adv. Tax
+

by auction
Above 6,000,000 1,220,000 35% on amount > Rs.6.0M PMEL, Inspection, Certification, Testing & Training Sale of Immovable property sold by 5% 10%
+

services
Tax Rate Companies providing other services DOMESTIC AIR TICKETS | Sec 236B, Div IX Part IV 1st Schedule
8% 16%
Activity/ Nature of Payment Non- Nature of Tax
ATL AOPs & Ind. providing other services On routes for Baluchistan coastal belt,
10% 20% Not Applicable
ATL AJ&K, FATA, Gilgit-Baltistan & Chitral
Stitching, dying, printing, embroidery, washing, sizing &
IMPORTS | Section 148 & Part II 1st Schedule 1% 2% Other routes 5% Adv. Tax
weaving for Exporters
Persons importing goods classified in Part I Note: No tax to be withheld for payments in case where payments made against services rendered is less than SALE/ TRANSFER OF IMMOVABLE PROPERTY | S236C, DvX PIV 1st
Rs. 30,000/- in aggregate, during a financial year. Schedule
of the Twelfth Schedule Advance Tax:
To be collected from Up to 4 Years 1% 2%
1% 2% - Import of Goods on EXECUTION OF CONTRACTS | Sec 153(1)(c), Div III Pt III 1 Sch st

Manufacturers covered under SRO Seller/ Transferor, Adv. Tax

which tax deduction Not Applicable
1125(I)/2011 dated December 31, 2011 (as Received by Listed Companies Adv. Tax where Holding Period is: Above 4 Years
rate is 1% or 2% by 7% 14%
it stood on June 28, 2019) an industrial Received by Other Companies TAX ON SALES TO DISTRIBUTORS, DEALERS & WHOLESALERS |
Minimum
Persons importing goods classified in Part II undertaking for its Received by sportspersons 10% 20% Sec 236G, Div XIV Pt IV 1 st Sch
2% 4% Tax On sale of fertilizers 0.7% 1.4%
of the Twelfth Schedule own use Received by others 7.5% 15%
Minimum Tax: On sale of electronics, sugar, cement,
Persons importing goods classified in Part
5.5% 11% - Import of Goods ROYALTY TO RESIDENT PERSONS | Sec 153B, Div, IIIB Pt III 1 st Sch iron & steel products, motorcycles, Adv. Tax
III of the Twelfth Schedule 0.1% 0.2%
otherwise then pesticides, cigarettes, glass, textile,
Persons importing finished pharmaceutical Gross amount of royalty 15% 30% Adv. Tax
mentioned above beverages, paint, batteries or foam
that are not manufactured in Pakistan, as 4% 8%
certified by DRAP EXPORTS | Sec 154, Div IV Pt III 1 st Sch, Cl 47C Pt IV 2 nd Sch TAX ON SALES TO RETAILERS | Sec 236H, Div XV Pt IV 1 st Sch
On sale of electronics 1% 2%
DIVIDEND | S 150, 236S, Div. I Pt III 1 Sch. & Cl. 11B Part IV 2 Schedule
st nd Realization of export proceeds [Exemption to cooking oil or Final Tax On sale of sugar, cement, iron & steel
vegetable ghee exported to Afghanistan if tax u/s 148 is paid] Exporters
Dividend from Independent Power products, motorcycles, pesticides, Adv. Tax
Inland back-to-back LC by exporter on sale of goods may opt for 0.5% 1%
Purchasers, being a pass-through item cigarettes, glass, textile, beverages,
1%
under Implementation/ Power/ Energy 7.5% 15% under an arrangement prescribed by FBR Minimum paint, batteries or foam
Purch. Agreement, required to be Export of goods by EPZ units Tax Regime TAX ON SALES OF PETROLEUM PRODUCTS | S 236HA, DivXVA
reimbursed by CPPA-G Payment for a firm contract by direct exporters reg. at the time of PIV 1 st Sch
Final Tax
Dividend if no tax is payable by the Co. due under DTRE Rules, 2001, to indirect exporters filing of On supply of petroleum products to a
25% 50% 0.5% 1% Adv. Tax
to exemption, c/f loss, tax credits Realization of proceeds on account of commission to return petrol pump operator or distributer
5%
Other cases, including mutual funds & indenting agent COLLECTION OF TAX BY EDUCATIONAL INSTITUTIONS WHERE
repatriation of after-tax profits by branches 15% 30% PROPERTY INCOME/ RENTALS | Sec 155, Div V Pt III 1st Schedule FEE EXCEEDS RS. 200,000/- | Sec 236I, Div XVI Pt IV 1st Schedule
of foreign companies From residents 5% of Fee
Where recipient is a company 15% Adv. Tax Adv. Tax
Inter-corp. divid. under group taxation Not Applicable From non-residents Not Applicable
Other recipients Advance Tax
PURCHASE OF IMMOVABLE PROPERTY | S236K, DivXVIII Pt IV 1st
INVESTMENT IN SUKUKS | Sec. 150A, Div. IB Pt III 1st Schedule
Annual Rent (Rs.) Schedule
Received by Company 25% 50% Adv. Tax Rate of Tax (Sec. 155, Div V, Pt III 1st Schedule) On fair market value 1% 2% Adv. Tax
From To
Received by individuals or AOPs and the
12.5% 25% Up to 200,000 NIL
profit is above Rs. 1M INTERNATIONAL AIR TICKETS | Sec 236L, Div XX Pt IV 1st Schedule
Final Tax
Received by individuals or AOPs and the 200,001 600,000 5% of the amount exceeding 200,000
10% 20% First/ executive class Rs.16,000
profit is up to Rs. 1M 600,001 1,000,000 20,000 10% of the amount above 0.6M Adv. Tax
+

Others, excluding economy Rs.12,000

1,000,001 2,000,000 60,000 15% of the amount above 1M
+

Economy NIL
PAYMENTS TO NON-RESIDENTS | S152, Div. IV Pt. I, Div. II Pt. III 1st Schedule
2,000,001 4,000,000 210,000 20% of the amount above 2M
+

NON-CASH BANKING TRANSACTIONS | Sec 236P, Div XXI Pt IV 1st

Royalty or fee for technical services 15% 15% 4,000,001 6,000,000 610,000 25% of the amount above 4M
+

Schedule
Fee for offshore digital services 5% 5% 6,000,001 8,000,000 1,110,000 30% of the amount above 6M
+

Non-cash payment transactions (all types) N/A 0.6% Adv. Tax

Contracts or related services 7% 7% Above 8,000,000 1,710,000 35% of the amount above 8M
+

RENT OR PAYMENT FOR RIGHT TO USE MACHINERY &

Insurance or re-insurance premium 5% 5% Minimum Tax
PRIZES AND WINNINGS | Sec 156, Div VI Pt III 1st Schedule EQUIPMENT | S 236Q, Div XXIII Pt IV 1 ST Sch
Advertisement services 10% 10%
On prize bonds & crossword puzzle 15% 30% To be collected for industrial, commercial Minimum
Execution of contract by sportspersons 10% 10% Final Tax
10%
Raffle, lottery, winning quiz & prizes on sales and scientific equipment & machinery Tax
Other payments 20% 20% 20% 40%
promotion schemes Note: WHT deduction shall not be applicable in the following cases:
Capital Gain on SCRA 10% 10% Final Tax a. Agricultural machinery; and
PETROLEUM PRODUCTS | Sec 156A, Div VIA Pt III 1st Schedule
b. Machinery owned and leased by leasing companies, investment banks, modarabas,
PAYMENTS TO PE OF NON-RESIDENTS (NR) | S 152, Div. II Pt III 1st Schedule Commission/ discount to petrol pump operators on scheduled banks or DFIs
12% 24% Final Tax
petroleum products
For supplies by PE of NR Companies 4% 8% EXTRACTION OF MINERALS | Sec 236V, Div XXVI Pt IV 1st Schedule
For supplies by PE of other NR 4.5% 9% CASH WITHDRAWALS FROM BANKS | S 231A, Div VI P IV 1 st Sch, Cl 28B P II 2 nd Sch
To be collected by provincial revenue
For services by PE of NR Companies 8% 16% Cash amount withdrawn by a person not appearing in authority/ board on value of minerals
N/A 0.6% Adv. Tax extracted, produced, dispatched & carried
For services by PE of other NR 10% 20% active taxpayer list 5% 10% Adv. Tax
Transport, Freight forwarding, Air cargo away from licensed or leased
TRANSACTIONS IN BANK | Sec 231AA, Div VIA Pt IV 1st Schedule
services, Courier, Manpower outsourcing, areas of mines
All transactions by a person not appearing in active N/A 0.6% Adv. Tax
Hotel, Security guard, Software REMITTANCE ABROAD THROUGH CREDIT, DEBIT OR PREPAID
development, IT and IT enabled services TAX ON MOTOR VEHICLES | S 231B&234, Div VII, Div III Pt IV 1st Schedule CARDS | Sec 236Y, Division XVXVII Pt IV 1st Schedule
Minimum Tax
[as defined u/c (133) of Pt I of 2 Sch.], Tracking
nd
Based on Eng. Gross amount remitted to abroad 1% 2% Adv. Tax
Purchase/ transfer of motor vehicles Cap.
services, Advertising (other than by print or 3% 6% Adv. Tax PAYMENT FOR FOREIGN PRODUCED COMMERCIALS | Section 152A
electronic media), Share registrar services, Leasing on Vehicle (based on value) N/A 4%
Engineering services, Car rental, Building Foreign produced commercials 20% 40% Final Tax
BROKERAGE & COMMISSION | Sec 233, Div II Pt IV 1st Schedule
maintenance, Services of PSX & PMEL,
Inspection, Certification, Testing & Training Advertising commission 10% 20% PROFIT ON DEBT | Section 151, Div. IA Part III 1st Schedule
Minimum
services Life Insur. Comm. up to Rs. 0.5M p.a. 8% 16% Where yield is up to Rs. 500,000 10%
Tax Final Tax
For other contracts 7% 14% Others 12% 24% Where yield is above Rs. 500,000 15% 30%