ISLAMABAD: The Federal Board of Revenue (FBR) has suggested three different slabs for imposition of tax earned through profit on dent at 10 percent, 12.5 percent and 15 percent.
Through Finance Bill 2017-18, the FBR proposed that where profit on debt does not exceed Rs5,000,000 the proposed rate will be standing at 10 percent. Where profit on debt exceeds Rs5,000,000 but does not exceed Rs25,000,000, the proposed tax rate will be 12.5 percent. Where profit on debt exceeds Rs25,000,000 the proposed rate will be standing at 15 percent in financial year 2017-18.
