NASRULLAH KHAN LAW ASSOCIATES: Adv Trans Tax Rates

THE FIRST SCHEDULE PART III DEDUCTION OF TAX AT SOURCE

(See Division III of Part V of Chapter X) Division IB Return on

Investment in sukuks

The rate of tax to be deducted under section 150A shall be
(a) 15% in case the sukuk-holder is a company;
(b) 12.5% in case the sukuk-holder is an individual or an association of person, if the return on investment is more than one million;
(c) 10% in case the sukuk-holder is an individual and an association of person, if the return on investment is less than one million; and
(d) 17.5% in case the sukuk-holder is a non-filer.
Note: This Division was inserted vide Tax Laws (Amend) Ordinance, 2016

Division VIB
CNG STATIONS
The rate of tax to be collected under section 234A in the case of a Compressed Natural Gas station shall be four per cent of the gas consumption charges for filers and six per cent for non-filers.
{Note: After the word "charges", the expression "for filers and six per cent for non-filers" were inserted vide Finance Act, 2017.}

Division VIA
Petroleum Products
Rate of collection of tax under section 156A shall be 12% of the amount of payment for filers and 17.5% for non-filers.
{Note: For the figure "15", the figure "17.5" was substituted vide Finance Act, 2017.}

Division VI
Prizes and Winnings
(1) The rate of tax to be deducted under section 156 on a prize on prize bond or cross-word puzzle shall be 15% of the gross amount paid for filers and 25% of the gross amount paid for non-filers.
(2) The rate of tax to be deducted under section 156 on winnings from a raffle, lottery, prize on winning a quiz, prize offered by a company for promotion of sale, shall be 20% of the gross amount
paid.
{Note: In paragraph (1), for the figure "20", the figure "25" was substituted vide Finance Act, 2017.}

Division IA
Profit on Debt
The rate of tax to be deducted under section 151 shall be 10% of the yield or profit for filers and 17.5% of the yield or profit paid, for non-filers:
Provided that for a non-filer, if the yield or profit paid is rupees five hundred thousand or less, the rate shall be ten percent.
{Note: For the figure "15%" the figure "17.5%" were substituted vide Finance Act, 2015.}

Division I
Advance Tax on Dividend
The rate of tax to be deducted under section 150 and 236S shall be
(a) 7.5% in the case of dividends declared or distributed by purchaser of a power project privatized by WAPDA or on shares of a company set up for power generation or on shares of a company, supplying coal exclusively to power generation projects;
(b) 15% for filers other than mentioned in (a) above;
(c) 20% for non-filers other than mentioned in (a) above:
Provided that the rate of tax required to be deducted by a
collective investment scheme, REIT Scheme or a mutual fund shall be

Person	Stock Fund	Money market fund, income fund or REIT scheme or any other fund
		Filer	Non-Filer
Individual	12.5 %	12.5 %	15 %
Company	12.5 %	25 %	25 %
AOP	12.5 %	12.5 %	15 %

Provided further that in case of a stock fund if dividend receipts of the fund are less than capital gains, the rate of tax deduction shall be 12.5%:
Provided further that if a Developmental REIT Scheme with the object of development and construction of residential buildings is set up by thirtieth day of
June, 2018, rate of tax on dividend received by a person from such Developmental REIT Scheme shall be reduced by fifty percent for three years from thirtieth day of Provided further that the rate of tax on dividend received by a person, other than a company, from a money market mutual fund shall be 10%, if the amount of dividend does not exceed two and a half million Rupees.
{Note: The following amendments were made vide Finance Act, 2017:
(a) in clause (b), for the figure "12.5", the figure "15" was substituted; and
(b) in the first proviso,in the Table, for the figure "10",wherever occurring, the figure "12.5" were substituted;
(c) in the third proviso, for full stop at the end a colon was substituted and thereafter a new proviso was added.}

Minimum / Withholding / Advance Tax Rates for Tax Year 2016

THE FIRST SCHEDULE PART III

DEDUCTION OF TAX AT SOURCE

See Division III of Part V of Chapter X Division VI

Prizes and Winnings

· The rate of tax to be deducted under section 156 on a prize on prize bond or cross-word puzzle shall be 15% of the gross amount paid for filers and 20% of the gross amount paid for non-filers.

· The rate of tax to be deducted under section 156 on winnings from a raffle, lottery, prize on winning a quiz, prize offered by a company for promotion of sale, shall be 20% of the gross amount paid.

Note: In paragraph (1), after the word "paid" the expression "for filers and 20% of the gross amount paid for non-filers" were inserted vide Finance Act, 2016.

THE FIRST SCHEDULE PART III

(See Division III of Part V of Chapter X) Division V

Income from Property

(a) The rate of tax to be deducted under section 155, in the case of individual and association of persons, shall be

S. No	Gross rent	Rate
1	LESS THAN 200,000	ZERO RATE
2	200,000 TO 600,000	5% OVER 200,000
3	600,000 TO 1,000,000	20,000 PLUS 10% OVER 600,000
4	1,000,000 TO 2,000,000	60,000 PLUS 15% OVER 1,000,000
5	2,000,000 EXCEEDS	210,000 PLUS 20% OVER 2,000,000

(b) The rate of tax to be deducted under section 155, in the case of company shall be 15% of the gross amount of rent.

Note: In clause (a), Table, was substituted vide Finance Act, 2016.

THE FIRST SCHEDULE PART III

(See Division III of Part V of Chapter X) Division IA

Profit on Debt

The rate of tax to be deducted under section 151 shall be 10% of the yield or profit for filers and 17.5% of the yield or profit paid, for non-filers:

Provided that for a non-filer, if the yield or profit paid is rupees five hundred thousand or less, the rate shall be ten percent.

Note: For the figure "15%" the figure "17.5%" were substituted vide Finance Act, 2015.

THE FIRST SCHEDULE PART III DEDUCTION OF TAX AT SOURCE

(See Division III of Part V of Chapter X) Division IB

Return on Investment in sukuks

(a) The rate of tax to be deducted under section 150A shall be

15% in case the sukuk-holder is a company;

(b) 12.5% in case the sukuk-holder is an individual or an association of person, if the return on investment is more than one million;

(c) 10% in case the sukuk-holder is an individual and an association of person, if the return on investment is less than one million; and

(d) 17.5% in case the sukuk-holder is a non-filer.

Note: This Division was inserted vide Tax Laws (Amendment) Ordinance, 2016.}

THE FIRST SCHEDULE

PART IV

(See Chapter XII)

DEDUCTION OR COLLECTION OF ADVANCE TAX

Division IV

Electricity Consumption

Rate of collection of tax under section 235, where the gross amount of electricity bill -

(a) does not exceed Rs.400 Rs. 0

(b) exceeds Rs.400 but does not exceed Rs.600 Rs. 80

(d) exceeds Rs.800 but does not exceed Rs.1000 Rs. 160

(e) exceeds Rs.1000 but does not exceed Rs.1500 Rs. 300

(f) exceeds Rs.1500 but does not exceed Rs.3000 Rs. 350

(g) exceeds Rs.3000 but does not exceed Rs.4500 Rs. 450

(h) exceeds Rs.4500 but does not exceed Rs.6000 Rs. 500

(i) exceeds Rs.6000 but does not exceed Rs.10000 Rs. 650

(j) exceeds Rs.10000 but does not exceed Rs.15000 Rs.1000

(k) exceeds Rs.15000 but does not exceed Rs.20000 Rs.1500

(l) exceeds Rs.20000.

(i) at the rate of 12 per cent for commercial consumers;

(ii) at the rate of 5 per cent for industrial consumers.

{Note: After the word "the" the word "gross" was inserted vide Finance Act, 2017.}

THE FIRST SCHEDULE

PART IV

(See Chapter XII)

DEDUCTION OR COLLECTION OF ADVANCE TAX

Division XVI

Collection of advance tax by educational institutions

The rate of collection of tax under section 236I shall be 5%

of the amount of fee.

{Note: This Division was added, vide Finance Act, 2013.}

THE FIRST SCHEDULE

PART IV

(See Chapter XII)

DEDUCTION OR COLLECTION OF ADVANCE TAX

DIVISION XXIV

Collection of advance tax on education related expenses

remitted abroad

Rate of collection of tax under section 236R shall be 5

percent of the amount of total education related expenses.

{Note: This Division was added vide Finance Act, 2015.}

THE FIRST SCHEDULE

PART IV

(See Chapter XII)

DEDUCTION OR COLLECTION OF ADVANCE TAX

Division VI

Under Section 231A Cash Withdrawal

CASH WITHDRAWAL FROM A BANK

The Rate of tax to be deducted under section 231A shall be

0.3% of the cash amount withdrawn for filers and 0.6% of the cash

amount withdrawn, for non-filers.

{Note: For the figure "0.5" the figure "0.6" was substituted vide Finance Act, 2015.}

                                 THE FIRST SCHEDULE



                                        PART IV



                                   (See Chapter XII)



                         DEDUCTION OR COLLECTION OF ADVANCE TAX



                                       Division V



                                    Telephone users



            Rates of collection of tax under section 236,--



          (a) in the case of a telephone        10% of the

              subscriber (other than mobile     exceeding

              phone subscriber) where the       amount of bill.

              amount of monthly bill exceeds

              Rs.1000.



          (b) in the case of                    12.5% of the amount

              subscriber of internet,           of bill or sales price

              mobile telephone and              of internet pre-paid

              pre-paid internet or              card or prepaid tele-

              telephone card                    phone card or sale of

                                                units through any

                                                electronic medium or

                                                whatever form.





          {Note: In the Table, in the first column, against serial number

          (b), in column (3), for the figure "14" the figure "12.5" was be
          substituted vide Finance Act, 2017.}

                         THE FIRST SCHEDULE



                                        PART IV



                                   (See Chapter XII)



                         DEDUCTION OR COLLECTION OF ADVANCE TAX



                                      Division III



                                 Tax on Motor Vehicles



            Rates of collection of tax under section 234,-



           (1) In case of goods transport vehicles, tax of two rupees and

          fifty paisa per kilogram of the laden weight shall be charged for

          filer and four rupees per kilogram of the laden weight for

          non-filer.



          (1A) In the case of goods transport vehicles with laden weight of

          8120 kilograms or more, advance tax after a period of ten years

          from the date of first registration of vehicle in Pakistan shall

          be collected at the rate of twelve hundred rupees per annum;



           (2) In the case of passenger transport vehicles plying for hire

          with registered seating capacity of-





          S.No   Capacity                      Rs per seat per annum



                                                  Filer       Non-Filer



            (i) Four or more persons but          50           100

                 less than ten persons.





           (ii) Ten or more persons but less     100           200

                 than twenty persons.



          (iii) Twenty persons or more.          300           500

          -----------------------------------------------------------------



           (3) in case of other private motor vehicles shall be as

          following,-



          -----------------------------------------------------------------

           S.No.   Engine capacity       for filers        for non-filer

          -----------------------------------------------------------------

            (1)          (2)                 (3)                (4)

          1.        upto 1000cc           Rs. 800           Rs. 1,200

          2.        1001cc to 1199cc      Rs. 1,500         Rs. 4,000

          3.        1200cc to 1299cc      Rs. 1,750         Rs. 5,000

          4.        1300cc to 1499cc      Rs. 2,500         Rs. 7,500

          5.        1500cc to 1599cc      Rs. 3,750         Rs. 12,000

          6.        1600cc to 1999cc      Rs. 4,500         Rs. 15,000

          7.        2000cc & above        Rs.10,000         Rs. 30,000





           (4) where the motor vehicle tax is collected in lump sum,-





               S.No. Engine capacity             for filer   for non-filer



                (1)          (2)                     (3)           (4)





                 1.   upto 1000cc                 Rs. 10,000    Rs.10,000



                 2.   1001cc to 1199cc            Rs. 18,000    Rs.36,000



                 3.   1200cc to 1299cc            Rs. 20,000    Rs.40,000



                 4.   1300cc to 1499cc            Rs. 30,000    Rs.60,000



                 5.   1500cc to 1599cc            Rs. 45,000    Rs.90,000



                 6.   1600cc to 1999cc            Rs. 60,000    Rs.120,000



                 7.   2000cc and above            Rs. 120,000   Rs.240,000





          {Note: The following amendments were made vide Finance Act, 2015:



             (i) paragraph "(i)" was substituted, namely:--



             (ii) in paragraph (2), Table was substituted;



            (iii) in paragraph (3),--



                  (a) for the word "cars", the word "vehicles" was

                      substituted; and



                  (b) Table was substituted.}

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Pages

Adv Trans Tax Rates

Investment in sukuks

Minimum / Withholding / Advance Tax Rates for Tax Year 2016

Rate of collection of tax under section 235, where the gross amount of electricity bill -

The rate of collection of tax under section 236I shall be 5% of the amount of fee.

2 comments:

The rate of collection of tax under section 236I shall be 5%

of the amount of fee.