Pakistan Tax Jurisdiction Extension

Purpose

This extension encodes Pakistan's tax rules as standing instructions for the tax-advisory agent. When loaded, the agent automatically applies Pakistani tax law (Income Tax Ordinance 2001, as amended) to all tax computations and research. Adapt this template for other jurisdictions by replacing the rates, thresholds, deadlines, and statutory references with your local tax authority's requirements.

Instructions

Corporate Tax Rates

When computing corporate tax liabilities for Pakistani entities, apply these rates:

• Public companies (listed on PSX): 29% of taxable income.
• Private companies (not listed): 29% of taxable income.
• Small companies (as defined under ITO 2001, section 2(59A) — paid-up capital up to PKR 50 million, annual turnover up to PKR 250 million, employees up to 250): Reduced rate as per current Finance Act.
• Banking companies: 39% on taxable income up to PKR 5 billion; 44% on taxable income exceeding PKR 5 billion.
• Association of Persons (AOP): Progressive slab rates per First Schedule, Part I, Division I.

When the entity type is not specified, ask before applying a rate.