ایف بی آر کی پریس ریلیز

25% flat tax rate on taxable income of Associations of Persons

Federal Board of Revenue (FBR) has clarified that for the purpose of Income Tax Returns by AOPs, tax shall be chargeable at a flat rate of 25 per cent, as enacted through the Finance Act 2010.
Therefore, tax payable for the taxpayer in the cases of AOPs, may be calculated according to the flat rate of 25 per cent, says a press statement released Thursday