Taxation in Pakistan MCQs
What is the maximum income tax rate for individuals in Pakistan for the tax year 2022?
a) 25%
b) 30%
c) 35%
d) 40%
Answer: d) 40%
Which of the following is not a type of indirect tax in Pakistan?
a) Sales tax
b) Excise duty
c) Income tax
d) Federal excise duty
Answer: c) Income tax
What is the standard rate of sales tax in Pakistan for the tax year 2022?
a) 13%
b) 14%
c) 15%
d) 16%
Answer: d) 16%
Which of the following is not considered a deductible expense for income tax purposes in Pakistan?
a) Rent paid for a business premise
b) Salaries and wages paid to employees
c) Interest paid on a personal loan
d) Utility expenses for a business
Answer: c) Interest paid on a personal loan
What is the maximum rate of federal excise duty on non-alcoholic beverages in Pakistan for the tax year 2022?
a) 8%
b) 10%
c) 12%
d) 15%
Answer: b) 10%
Taxation in Pakistan MCQs
Which of the following is not exempt from income tax in Pakistan?
a) Income from agriculture
b) Income from property
c) Income from salary
d) Income from a foreign source
Answer: c) Income from salary
What is the maximum rate of customs duty on luxury cars in Pakistan for the tax year 2022?
a) 25%
b) 50%
c) 75%
d) 100%
Answer: d) 100%
Which of the following is not a provincial tax in Pakistan?
a) Provincial sales tax
b) Professional tax
c) Agricultural income tax
d) Capital gains tax
Answer: d) Capital gains tax
What is the maximum rate of capital gains tax on immovable property in Pakistan for the tax year 2022?
a) 10%
b) 12.5%
c) 15%
d) 20%
Answer: b) 12.5%
What is the maximum rate of withholding tax on cash withdrawals from a bank account in Pakistan for the tax year 2022?
a) 0.1%
b) 0.2%
c) 0.3%
d) 0.4%
Answer: c) 0.3%
Taxation System in Pakistan MCQs
What is the maximum rate of withholding tax on cash withdrawals for non-filers of income tax returns in Pakistan for the tax year 2022?
a) 0.5%
b) 0.75%
c) 1%
d) 1.5%
Answer: d) 1.5%
Which of the following is not a type of federal excise duty in Pakistan?
a) Federal excise duty on cigarettes
b) Federal excise duty on beverages
c) Federal excise duty on cement
d) Federal excise duty on exports
Answer: d) Federal excise duty on exports
What is the maximum rate of customs duty on imports of luxury watches in Pakistan for the tax year 2022?
a) 10%
b) 15%
c) 20%
d) 25%
Answer: a) 10%
Which of the following is not a tax levied by the local government in Pakistan?
a) Property tax
b) Professional tax
c) Vehicle tax
d) Value-added tax
Answer: d) Value-added tax
What is the maximum rate of sales tax on services in Pakistan for the tax year 2022?
a) 13%
b) 14%
c) 15%
d) 17%
Answer: d) 17%
Taxation Reforms in Pakistan MCQs FBR
Which of the following is not considered a tax evasion offense in Pakistan?
a) Underreporting income
b) Overstating expenses
c) Filing tax return after the due date
d) Failing to register for sales tax
Answer: c) Filing tax return after the due date
What is the maximum rate of customs duty on imports of luxury mobile phones in Pakistan for the tax year 2022?
a) 15%
b) 20%
c) 25%
d) 30%
Answer: c) 25%
Which of the following is not considered a tax credit in Pakistan?
a) Withholding tax credit
b) Input tax credit
c) Investment tax credit
d) Foreign tax credit
Answer: c) Investment tax credit
What is the maximum rate of advance income tax on non-cash banking transactions in Pakistan for the tax year 2022?
a) 0.1%
b) 0.2%
c) 0.3%
d) 0.4%
Answer: b) 0.2%
Which of the following is not a type of property tax in Pakistan?
a) Capital value tax
b) Stamp duty
c) Annual rental value tax
d) Property transfer tax
Answer: b) Stamp duty
Taxation in Pakistan MCQs
What is the maximum rate of withholding tax on prize money and winnings in Pakistan for the tax year 2022?
a) 10%
b) 15%
c) 20%
d) 25%
Answer: c) 20%
Which of the following is not considered a deductible expense for income tax purposes in Pakistan?
a) Rent paid for a business premises
b) Salaries and wages paid to employees
c) Utility bills paid for a residential property
d) Interest paid on a loan for a business
Answer: c) Utility bills paid for a residential property
What is the maximum rate of federal excise duty on locally manufactured cigarettes in Pakistan for the tax year 2022?
a) Rs. 4,000 per 1,000 cigarettes
b) Rs. 5,000 per 1,000 cigarettes
c) Rs. 6,000 per 1,000 cigarettes
d) Rs. 7,000 per 1,000 cigarettes
Answer: a) Rs. 4,000 per 1,000 cigarettes
Which of the following is not a type of indirect tax in Pakistan?
a) Sales tax
b) Customs duty
c) Wealth tax
d) Federal excise duty
Answer: c) Wealth tax
What is the maximum rate of withholding tax on dividends paid to non-filers of income tax returns in Pakistan for the tax year 2022?
a) 10%
b) 12.5%
c) 15%
d) 20%
Answer: b) 12.5%
Taxation in Pakistan MCQs for Commerce
Which of the following is not considered a tax-free allowance in Pakistan?
a) House rent allowance
b) Conveyance allowance
c) Medical allowance
d) Utility allowance
Answer: d) Utility allowance
What is the maximum rate of federal excise duty on aerated beverages in Pakistan for the tax year 2022?
a) 10%
b) 12.5%
c) 15%
d) 20%
Answer: c) 15%
Which of the following is not a type of wealth tax in Pakistan?
a) Capital gains tax
b) Capital value tax
c) Gift tax
d) Zakat
Answer: a) Capital gains tax
What is the maximum rate of sales tax on petroleum products in Pakistan for the tax year 2022?
a) 12%
b) 15%
c) 20%
d) 22%
Answer: d) 22%
Which of the following is not considered a tax deduction for charitable donations in Pakistan?
a) Donations to a recognized charitable institution
b) Donations to the Prime Minister’s COVID-19 Relief Fund
c) Donations to a political party
d) Donations to a hospital
Answer: c) Donations to a political party
Taxation in Pakistan MCQs for Accounting Exams
What is the maximum rate of advance tax on cash withdrawal from a banking company in Pakistan for the tax year 2022?
a) 0.1%
b) 0.3%
c) 0.6%
d) 1%
Answer: c) 0.6%
Which of the following is not considered a taxable supply under the Goods and Services Tax (GST) in Pakistan?
a) Goods sold within Pakistan
b) Services provided within Pakistan
c) Goods exported from Pakistan
d) Services provided outside Pakistan
Answer: c) Goods exported from Pakistan
What is the maximum rate of withholding tax on cash withdrawals made by non-filers of income tax returns in Pakistan for the tax year 2022?
a) 0.3%
b) 0.6%
c) 0.9%
d) 1%
Answer: d) 1%
Which of the following is not a type of property tax in Pakistan?
a) Capital value tax on immovable properties
b) Property tax on rental income from immovable properties
c) Withholding tax on sale of immovable properties
d) Wealth tax on movable properties
Answer: d) Wealth tax on movable properties
What is the maximum rate of customs duty on the import of luxury cars in Pakistan for the tax year 2022?
a) 50%
b) 75%
c) 100%
d) 200%
Answer: c) 100%
Taxation System in Pakistan MCQs
Which of the following is not a type of federal tax in Pakistan?
a) Income tax
b) Sales tax
c) Federal excise duty
d) Wealth tax
Answer: d) Wealth tax
What is the maximum rate of withholding tax on motor vehicle registration for non-filers of income tax returns in Pakistan for the tax year 2022?
a) 5%
b) 10%
c) 15%
d) 20%
Answer: a) 5%
Which of the following is not considered an exempt income for income tax purposes in Pakistan?
a) Dividends from a Pakistani company
b) Income from agricultural land
c) Rental income from a residential property
d) Salary income from a foreign employer
Answer: c) Rental income from a residential property
What is the maximum rate of sales tax on mobile phones in Pakistan for the tax year 2022?
a) 12%
b) 17%
c) 20%
d) 22%
Answer: b) 17%
Which of the following is not a type of indirect tax in Pakistan?
a) Customs duty
b) Federal excise duty
c) Capital gains tax
d) Sales tax
Answer: c) Capital gains tax
Taxation in Pakistan MCQs
What is the maximum rate of withholding tax on cash withdrawals made by filers of income tax returns in Pakistan for the tax year 2022?
a) 0.3%
b) 0.6%
c) 0.9%
d) 1%
Answer: a) 0.3%
Which of the following is not considered a deductible expense for income tax purposes in Pakistan?
a) Rent paid for a business premises
b) Wages and salaries paid to employees
c) Interest paid on a loan used for business purposes
d) Entertainment expenses for business clients
Answer: d) Entertainment expenses for business clients
What is the maximum rate of federal excise duty on cigarettes in Pakistan for the tax year 2022?
a) 25%
b) 35%
c) 45%
d) 50%
Answer: c) 45%
Which of the following is not a type of withholding tax in Pakistan?
a) Advance tax on salary
b) Withholding tax on property rent
c) Withholding tax on electricity bills
d) Capital gains tax on sale of securities
Answer: d) Capital gains tax on sale of securities
What is the maximum rate of customs duty on the import of luxury watches in Pakistan for the tax year 2022?
a) 50%
b) 75%
c) 100%
d) 150%
Answer: a) 50%
Tax Reforms in Pakistan MCQs
Which of the following is not a type of provincial tax in Pakistan?
a) Property tax on urban immovable properties
b) Agricultural income tax
c) Entertainment duty
d) Customs duty
Answer: d) Customs duty
What is the maximum rate of sales tax on restaurants and hotels in Pakistan for the tax year 2022?
a) 10%
b) 13%
c) 16%
d) 20%
Answer: b) 13%
Which of the following is not considered a tax-exempt investment in Pakistan?
a) National Savings Schemes
b) Mutual funds
c) Stocks and shares
d) Fixed deposits with banks
Answer: c) Stocks and shares
What is the maximum rate of capital gains tax on the sale of immovable properties in Pakistan for the tax year 2022?
a) 5%
b) 10%
c) 15%
d) 20%
Answer: d) 20%
Which of the following is not a type of tax credit in Pakistan?
a) Foreign tax credit
b) Withholding tax credit
c) Rebate on tax paid in advance
d) Carbon tax credit
Answer: d) Carbon tax credit
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