Accountancy Forum
what is turn over tax? - Printable Version

+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forum-the-profession)
+--- Forum: Tax (https://www.accountancy.com.pk/forum/forum-tax)
+--- Thread: what is turn over tax? (/thread-what-is-turn-over-tax)



what is turn over tax? - awtunio - 08-23-2011

dear all
i want to that what is turnover tax and how much percentage of it and on which class of business the turnover tax is applicable?
regards
abdul waheed


- student_of_law - 09-06-2011

I guess, with respect to income tax, the term "turnover tax" would have been used in connection with the tax imposed by Ss.113, 113A & 113B. You may read these sections to find out the rates and turnover limits.