Final Tax Regime and Minimum Tax Chapter- 22
- MINIMUM TAX
Sr. Nature of payment Section Rate- Minimum tax for
companies & PE of non
residents company
(except otherwise
specified)
113 General rate 1. 25 % of turnover- Minimum tax for
individuals & AOP’s
having annual turnover
Rs.1 0 0(M) or more
113 General rate 1. 25 % of turnover
(^) Reduced rate of tax u/s
11 3 are specified in Part
IX in the First schedule
to the Ordinance.
(^113) Sr. Persons u/c Part III of 2nd
Schedule
u/c Minimum tax as % of
the persons turnover
for the year
(1) (2) (3)
i. Distributors of
pharmaceutical products,
fertilizers, consumer goods
including fast moving
consumer goods and
cigarettes
ii. Flour Mills
iii. Petroleum agents and
distributors who are
registered under the STA,
1990; and
iv. Rice mills and dealers
v. person running an online
marketplace as defined in
clause (38B) of section 2.
vi. Tier- 1 retailers of fast
moving consumer goods who
are integrated with Board or
its computerized system for
real time reporting of sales
and receipts;
vii. Persons engaged in the
sale and purchase of used
vehicles; and
7 & 8(^)
(^)
(^)
10
13
13
0.2 5 %
- a) Motor cycle dealers
registered under the STA,
1990.
b) Oil refineries
c) Oil marketing companies
15 0. 5 %- (a) Sui Southern Gas
Company Ltd. And SNGPL
(for cases whose annual
turnover exceeds Rs. 1
billion).
(b) Pakistan International
Airlines Corporation; and
(c) Poultry industry including
breeding, boiler production,
egg production and poultry
feed production.
91214- 7 5%
4.^ All other cases^1 .5%^