Who Owns Pakistan - Yimg

The Stamp Act provides for stamp duty on 55 different categories of documents
at a prescribed rate. Some of the documents specified are affidavits,
agreements, allotment orders, attestations, bank guarentees, custom bonds,
debentures, import documents, insurance policy, lease, partnership, power of
attorney, security bonds, share transfer certificates, cheques, bank drafts and
pay orders.
It is this proliferation of taxes and tax collectors which create an ideal situation for
pilferage's. This proliferation and pilferage of taxes has pitched the people and
govt in Pakistan, at two opposite horns of an economic dilemma. While the
people are groaning under the heavy burden of taxation, the govt leaders
bemoan that the people do not pay taxes. They are both right because the taxes
paid by the people do not reach the govt coffers. They end up lining the pockets
of the contractors and collectors.
Following are major taxes levied by the federal and provincial governments.
Federal Government Taxes
1. Income Tax
2. Super Tax
3. Wealth Tax
4. Gift tax
5. Turnover Tax
6. Corporate Asset Tax
7. Corporate Income Tax (A)
8. Import Duties
9. Import Surcharge
10. Export Duties
11. Iqra Surcharge
12. Income Tax on imports
13. Import Licence Fee
14. Import Registration Fee
15. Export Registration Fee
16. Central Excise Duty
17. Sales Tax on Manufactured goods
18. Capital Value Tax
19. Export development Surcharge
20. Development Surcharge on Petroleum
21. Gas Development Surcharge
22. General Sales Tax
23. Federal Education Cess
24. Workers Participation Fund
25. Workers Welfare Fund
26. Estate Duty
27. Zakat
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