News FlashesJuly 20, 2022CRS News Flash 20 July 2022 – PAKISTAN – Revised tax rates published in the Finance Act 2022

JULY 2022 – PAKISTAN
REVISED TAX RATES PUBLISHED FOR 2022/2023
It is important that employers note the following:

Revised tax rates for salaried individuals published in the Finance Act 2022
On 30 June 2022 the President of Pakistan enacted the Finance Act of 2022. The Act provides for changes to the personal income tax rates and brackets for salaried employees for the period 1 July 2022 to 30 June 2023.

It should be noted that the tax rates in the Finance Act 2022 differ from the proposed tax rates announced and published in the Finance Bill 2022. Our News Flash of 23 June 2022 refers.

The tax rates for salaried individuals, effective 1 July 2022, are as follows:

To view the Finance Act 2022, follow the link.

Contact our legislation team at info@crs.co.za if you require any additional information. 

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