The main regulatory body responsible for taxation in Pakistan is:
A) State Bank of Pakistan (SBP)
B) Securities and Exchange Commission of Pakistan (SECP)
C) Federal Board of Revenue (FBR)
D) National Accountability Bureau (NAB)
Which type of tax is levied on an individual’s income in Pakistan?
A) Sales Tax
B) Income Tax
C) Excise Duty
D) Customs Duty
Which tax is collected at the time of purchase of goods and services?
A) Property Tax
B) Sales Tax
C) Income Tax
D) Wealth Tax
What is the standard rate of General Sales Tax (GST) in Pakistan?
A) 10%
B) 15%
C) 17%
D) 20%
Which tax is applicable to imported goods in Pakistan?
A) Corporate Tax
B) Withholding Tax
C) Customs Duty
D) Excise Tax
Which tax is deducted from an employee’s salary before payment?
A) Sales Tax
B) Property Tax
C) Withholding Tax
D) Excise Duty
What is the highest income tax slab rate for individuals in Pakistan?
A) 15%
B) 25%
C) 35%
D) 40%
Which tax is imposed on company profits in Pakistan?
A) Wealth Tax
B) Corporate Tax
C) Property Tax
D) Capital Gains Tax
Which tax is applicable on financial transactions like cash withdrawals?
A) Sales Tax
B) Capital Gains Tax
C) Advance Tax
D) Excise Tax
Which organization is responsible for provincial tax collection in Pakistan?
A) FBR
B) SECP
C) Provincial Revenue Authorities
D) State Bank of Pakistan
Which tax is imposed on profits earned from the sale of property or shares?
A) Income Tax
B) Withholding Tax
C) Capital Gains Tax
D) Excise Tax
Which tax is paid by a business on imported raw materials?
A) Sales Tax
B) Customs Duty
C) Property Tax
D) Agricultural Tax
The tax-to-GDP ratio in Pakistan is considered:
A) High
B) Moderate
C) Low
D) Equivalent to developed countries
Which sector in Pakistan is mostly exempt from taxation?
A) Banking
B) Agriculture
C) Telecommunications
D) Manufacturing
What is the penalty for not filing tax returns in Pakistan?
A) PKR 1,000 fine
B) PKR 5,000 fine
C) PKR 10,000 fine
D) Depends on income level
Which tax applies to the purchase and registration of vehicles?
A) Capital Gains Tax
B) Excise Duty
C) Withholding Tax
D) Motor Vehicle Tax
Which tax is automatically deducted from a mobile phone balance in Pakistan?
A) Sales Tax
B) Withholding Tax
C) Income Tax
D) Custom Duty
Which of the following is an indirect tax in Pakistan?
A) Sales Tax
B) Income Tax
C) Capital Gains Tax
D) Corporate Tax
Which of the following sectors is subject to Federal Excise Duty (FED)?
A) Telecom services
B) Cement production
C) Sugar industry
D) All of the above
Which of the following income levels is tax-free in Pakistan?
A) PKR 400,000
B) PKR 600,000
C) PKR 1,200,000
D) PKR 2,000,000
Which tax was introduced to regulate the e-commerce sector in Pakistan?
A) IT Tax
B) Digital Services Tax (DST)
C) Corporate Tax
D) None of the above
What is the corporate tax rate in Pakistan?
A) 10%
B) 20%
C) 29%
D) 35%
Which tax is collected at international airports in Pakistan?
A) Property Tax
B) Departure Tax
C) Income Tax
D) Capital Gains Tax
What is the term for a tax levied on goods produced within the country?
A) Customs Duty
B) Income Tax
C) Excise Duty
D) Sales Tax
Which document is necessary for tax registration in Pakistan?
A) Passport
B) CNIC
C) NTN (National Tax Number)
D) Driving License
Which tax is deducted when purchasing property in Pakistan?
A) Withholding Tax
B) Sales Tax
C) Capital Gains Tax
D) None of the above
What is the main purpose of taxation in Pakistan?
A) Increase inflation
B) Raise government revenue
C) Discourage business growth
D) Support the private sector
How often do companies file tax returns in Pakistan?
A) Monthly
B) Quarterly
C) Annually
D) Bi-annually
Who is responsible for auditing tax returns in Pakistan?
A) Provincial Government
B) Federal Board of Revenue (FBR)
C) Securities and Exchange Commission of Pakistan (SECP)
D) State Bank of Pakistan (SBP)
