Corporate taxes in Pakistan
Corporate Income Tax Pakistan imposes three different rates of Corporate Income Tax, depending on the size and type of the company. Corporate Income Tax (CIT) rates in Pakistan Type of company CIT in 2018 CIT in 2019* CIT in 2023* Banking company 35% 35% 35% Public and private company 30% 29% 25% Small company 25% 24% 20% What is a small company in Pakistan? Since 1 July 2005, an entity needs to meet the following requirements to classify as a…