Tax Exemption On Insurance Premium In Pakistan

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Significant exemptions available under salary income are as follows Medical allowance expenses Reimbursement of expenses on medical treatment or

Government of Pakistan helpline fbr gov pk 051 111 772 772 www fbr gov pk 1AA Insurance or re insurance premium 19 152 1AAA Media persons 20 152 2 Other

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The insurance sector is so far exempted from payment of withholding tax The commission paid to life and health insurance agents is taxed at the rate of 12 for

19 Maximum income tax payable at the rate of 10 on yield or profit of Behbood and or Pensioners Certificates or Accounts 6 multiply by 10 20 Reduction in tax liability on

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Insurance Association of Pakistan have contested this imposition of tax on every platform and have put forward various proposals for the consideration of tax

Title Tax Leaflet Final CTP Created Date 10 12 2021 6 00 42 PM

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https://download1.fbr.gov.pk/Docs/...
Government of Pakistan helpline fbr gov pk 051 111 772 772 www fbr gov pk 1AA Insurance or re insurance premium 19 152 1AAA Media persons 20 152 2 Other

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Taxation Of Insurance Premiums In Pakistan STERLING

https://sterling.pk/taxation-of-insuranc…
There are certain exemptions and deductions available for the insurance premium tax For example if the insurance policy is issued in connection with a loan or mortgage the tax will not be levied on the premium