The Federal Board of Revenue (FBR) has established tax rates for tax filers and non-filers effective from July 1, 2023, to June 30, 2024.
- Prize bonds will incur a tax rate of 15% for filers and 30% for non-filers.
- For-profits on savings accounts, the tax deduction will be at 15%, increased from the current 10% rate. Non-filers in this category will be subject to a 30% tax rate.
- Rental income will be taxed between 5% and 15% for filers and 10 to 15% for non-filers.
- Bonus shares will be taxed at 10% for filers and 20% for non-filers.
- The tax rate on auctioned property amounts will be 5% for filers and 10% for non-filers.
- Filers will pay no tax on motor vehicle leasing, while non-filers will be taxed 12%.
- Tax on motor vehicle registration will range from Rs10,000 to Rs0.5 million based on engine capacity for filers and Rs30,000 to Rs1.5 million for non-filers.
- Vehicle token tax for filers will range from Rs800 to Rs10,000, while non-filers will be charged between Rs1,600 to Rs20,000.
- Commissions will be taxed 12% for filers and 24% for non-filers.
- Banking transactions will not be taxed for filers, but non-filers will pay a 0.6% tax.
- International transactions through debit cards will attract a 2% tax for filers and 10% for non-filers.
- Property transactions will incur a 2% tax for filers and 7% for non-filers.
- Specific services will be taxed at 3% for filers and 6% for non-filers. General services will attract a 7% tax for filers and 14% for non-filers.
- Power consumers with a monthly bill of Rs25,000 will not be taxed if they are filers, while non-filers will be charged a 7.5% tax.
