Paying Taxes in Faisalabad, Pakistan

The table below addresses the taxes that a medium-size company must pay or withhold in a given year in Faisalabad, Pakistan, as well as measures of administrative burden in paying taxes.
Tax Payments (number) Time (hours) Statutory tax rate Tax base Total tax rate (% profit)
Corporate income tax 5 40 37% taxable income 26.5
VAT (General Sales Tax) 12 480 15.0% value added 45.4 b)
Professional Tax 1 - a) fixed rate on different slabs (PKR 20,000) paid up capital 1.2
Property tax 1 - a) 25% The annual letting value of the property in a rating area 3.7
Vehicle tax 1 - a) various rates 0.3
Pension contributions 12 - a) 5% up to PKR 150 per employee and per month gross salaries 5.5
Social security contributions 12 40 7% gross salaries 7
Historical cess - g) - a) 3% property tax 0.1
Tax on interest 1 - a) 10% tax on interest 0.2 d)
stamp duty 1 - slab rate based on contract value - - c)
Education cess 1 - a) PKR 100 per worker - 0.3
Totals: 47 560 90.2