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Category — Laws and Legislation

Flood Surcharge??? what is this ???

There is a buzz around people of Pakistan that what actually flood surcharge is and how it is going to Hammer our Back. Basically flood surcharge tax is one of the guideline from IMF in a view to provide relief to the victims of flood affected people of Pakistan.

This tax will be one time tax and will be levied on the income tax liablity at the rate of 15 percent. It means that it will be only levied to those persons who comes under the net of income tax i.e. those who are earning annual income of more than 300,000 PKR.

For In depth info and official Ordinance Please download attached pdf document.

Have a nice day…

Flood Surcharge, FED and Sales Tax Amendments

March 19, 2011   1 Comment