JUNE 2025 – PAKISTAN
TAX CHANGES PUBLISHED
It is important that employers note the following:
Revised tax rates published in the Finance Bill 2025
The Pakistan Federal Budget Speech was delivered on 10 June 2025. Simultaneously, the Finance Bill 2025 was published detailing the tax changes announced in the budget speech.
For the period from 1 July 2025 to 30 June 2026, the Bill proposes a reduction in tax rates for certain income slabs for salaried individuals, including a 1% reduction in surcharge tax for high earners as follows:
The surcharge rate for salaried individuals with taxable income over Rs 10 million is reduced from 10% to 9%.
To view the Finance Bill 2025, follow the link.
