Taxation and Revenue Reforms MCQs 2026
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- Q1 medium
What was the total revenue collection target in Federal Budget 2025-2026
💡 Explanation:Total revenue collection target was Rs. 12,970 billion in Federal Budget 2025-2026.
- Q2 medium
What was the alternative corporate tax rate in 2025
💡 Explanation:Alternative corporate tax rate was 15% in 2025 for specific sectors.
- Q3 medium
What was the tax collection from paper industry in 2025
💡 Explanation:Tax collection from paper industry was Rs. 30 billion in 2025.
- Q4 medium
What was the withholding tax on food sales in 2025
💡 Explanation:Withholding tax on food sales was 3.5% in 2025 for large retailers.
- Q5 medium
What was the revenue from mobile imports tax in 2025
💡 Explanation:Revenue from mobile imports tax was Rs. 60 billion in 2025.
- Q6 medium
What was the withholding tax on rent in 2025
💡 Explanation:Withholding tax on rent was 10% in 2025 for commercial properties.
- Q7 medium
What was the tax rate for software companies in 2025
💡 Explanation:Tax rate for software companies was 20% under the IT sector incentives.
- Q8 medium
What was the collection from petroleum surcharge in 2025
💡 Explanation:Collection from petroleum surcharge was Rs. 70 billion in 2025.
- Q9 medium
What was the tax collection from chemicals industry in 2025
💡 Explanation:Tax collection from chemicals industry was Rs. 140 billion in 2025.
- Q10 medium
What was the tax rate on mining sector in 2025
💡 Explanation:Tax rate on mining sector was 25% in 2025.
- Q11 medium
What was the revenue from professional tax in 2025
💡 Explanation:Revenue from professional tax was Rs. 25 billion in 2025.
- Q12 medium
What was the tax collection from leather industry in 2025
💡 Explanation:Tax collection from leather industry was Rs. 50 billion in 2025.
- Q13 medium
What was the minimum tax on corporate sector in 2025
💡 Explanation:Minimum tax on corporate sector was 1.25% of turnover in 2025.
- Q14 medium
What was the tax collection from beverage industry in 2025
💡 Explanation:Tax collection from beverage industry was Rs. 90 billion in 2025.
- Q15 medium
What was the withholding tax on advertisements in 2025
💡 Explanation:Withholding tax on advertisements was 12.5% in 2025.
- Q16 medium
What was the revenue from capital gains tax in 2025
💡 Explanation:Revenue from capital gains tax was Rs. 125 billion in 2025.
- Q17 medium
What was the tax rate on construction sector in 2025
💡 Explanation:Tax rate on construction sector was 20% in 2025.
- Q18 medium
What was the withholding tax on prize money in 2025
💡 Explanation:Withholding tax on prize money was 20% in 2025.
- Q19 medium
What was the tax collection from tobacco industry in 2025
💡 Explanation:Tax collection from tobacco industry was Rs. 150 billion in 2025.
- Q20 medium
What was the revenue from petroleum products taxes in 2025
💡 Explanation:Revenue from petroleum products taxes was Rs. 900 billion in 2025.
- Q21 medium
What was the advanced income tax on imports in 2025
💡 Explanation:Advanced income tax on imports was 3.5% of C&F value in 2025.
- Q22 medium
What was the tax rate on leasing companies in 2025
💡 Explanation:Tax rate on leasing companies was 25% in 2025.
- Q23 medium
What was the tax collection from fertilizer sector in 2025
💡 Explanation:Tax collection from fertilizer sector was Rs. 70 billion in 2025.
- Q24 medium
What was the tax collection from tea import duties in 2025
💡 Explanation:Tax collection from tea import duties was Rs. 30 billion in 2025.
- Q25 medium
What was the withholding tax on insurance premium in 2025
💡 Explanation:Withholding tax on insurance premium was 8% in 2025.
- Q26 medium
What was the tax rate for venture capital firms in 2025
💡 Explanation:Tax rate for venture capital firms was 25% in 2025.
- Q27 medium
What was the revenue from gas infrastructure development cess in 2025
💡 Explanation:Revenue from gas infrastructure development cess was Rs. 35 billion in 2025.
- Q28 medium
What was the withholding tax on salary advance in 2025
💡 Explanation:Withholding tax on salary advance was 17.5% in 2025.
- Q29 medium
What was the tax collection from cement sector in 2025
💡 Explanation:Tax collection from cement sector was Rs. 140 billion in 2025.
- Q30 medium
What was the advance tax on vehicles in 2025
💡 Explanation:Advance tax on vehicles was 1.25% of vehicle price in 2025.
- Q31 medium
What was the withholding tax on fees in 2025
💡 Explanation:Withholding tax on fees was 8% in 2025.
- Q32 medium
What was the tax treatment of charitable donations in 2025
💡 Explanation:Charitable donations were 100% tax deductible in 2025 up to certain limits.
- Q33 medium
What was the revenue from textile sector taxes in 2025
💡 Explanation:Revenue from textile sector taxes was Rs. 450 billion in 2025.
- Q34 medium
What was the tax collection from automobile sector in 2025
💡 Explanation:Tax collection from automobile sector was Rs. 180 billion in 2025.
- Q35 medium
What was the withholding tax on profit on debt in 2025
💡 Explanation:Withholding tax on profit on debt was 17.5% for non-corporate entities in 2025.
- Q36 medium
What was the tax rate on sugar industry in 2025
💡 Explanation:Tax rate on sugar industry was 25% in 2025.
- Q37 medium
What was the revenue from infrastructure development cess in 2025
💡 Explanation:Revenue from infrastructure development cess was Rs. 70 billion in 2025.
- Q38 medium
What was the property valuation rate for tax purposes in 2025
💡 Explanation:Property valuation rate was 80% of market value for tax purposes in 2025.
- Q39 medium
What was the tax collection from stock market transactions in 2025
💡 Explanation:Tax collection from stock market transactions was Rs. 90 billion in 2025.
- Q40 medium
What was the tax credit for health insurance in 2025
💡 Explanation:Tax credit for health insurance was 10% of premium in 2025.
- Q41 medium
What was the tax rate for insurance companies in 2025
💡 Explanation:Tax rate for insurance companies was 35% in 2025.
- Q42 medium
What was the revenue from wealth tax in 2025
💡 Explanation:Revenue from wealth tax was Rs. 30 billion in 2025.
- Q43 medium
What was the tax collection from export industries in 2025
💡 Explanation:Tax collection from export industries was Rs. 175 billion in 2025.
- Q44 medium
What was the withholding tax on supply of goods in 2025
💡 Explanation:Withholding tax on supply of goods was 2.5% in 2025.
- Q45 medium
What was the tax rate on oil and gas exploration in 2025
💡 Explanation:Tax rate on oil and gas exploration was 30% in 2025.
- Q46 medium
What was the revenue from capital value tax in 2025
💡 Explanation:Revenue from capital value tax was Rs. 125 billion in 2025.
- Q47 medium
What was the withholding tax on electricity bills in 2025
💡 Explanation:Withholding tax on electricity bills was 12.5% for commercial consumers in 2025.
- Q48 medium
What was the tax collection target from salaried individuals in 2025
💡 Explanation:Tax collection from salaried individuals was targeted at Rs. 800 billion.
- Q49 medium
What was the turnover tax for importers in 2025
💡 Explanation:Turnover tax for importers was 2% in 2025.
- Q50 medium
What was the tax credit for research and development in 2025
💡 Explanation:Tax credit for R&D was 20% in 2025 to encourage innovation.
- Q51 medium
What was the tax rate on imported machinery in 2025
💡 Explanation:Tax rate on imported machinery was 7.5% in 2025.
- Q52 medium
What was the revenue from excise duty in 2025
💡 Explanation:Revenue from excise duty was Rs. 350 billion in 2025.
- Q53 medium
What was the tax collection from non-filers in 2025
💡 Explanation:Tax collection from non-filers was Rs. 140 billion through withholding measures.
- Q54 medium
What was the withholding tax on dividends in 2025
💡 Explanation:Withholding tax on dividends was 17.5% in 2025.
- Q55 medium
What was the tax dispute resolution target for 2025
💡 Explanation:Tax dispute resolution target was 40% of cases through alternative mechanisms.
- Q56 medium
What was the revenue from sales tax on imports in 2025
💡 Explanation:Revenue from sales tax on imports was Rs. 2,100 billion in 2025.
- Q57 medium
What was the tax withholding on foreign payments in 2025
💡 Explanation:Tax withholding on foreign payments was 10% in 2025.
- Q58 medium
What was the accelerated depreciation rate in 2025
💡 Explanation:Accelerated depreciation rate was 40% for industrial investment in 2025.
- Q59 medium
What was the tax rate on banking profit in 2025
💡 Explanation:Tax rate on banking profit was 35% in 2025.
- Q60 medium
What was the revenue from customs duties in 2025
💡 Explanation:Revenue from customs duties was Rs. 850 billion in 2025.
- Q61 medium
What was the tax collection from real estate sector in 2025
💡 Explanation:Tax collection from real estate sector was Rs. 350 billion in 2025.
- Q62 medium
What was the tax payment deadline for tax year 2025
💡 Explanation:Tax payment deadline was September 30 for tax year 2025.
- Q63 medium
What was the withholding tax on services in 2025
💡 Explanation:Withholding tax on services was 7% in 2025.
- Q64 medium
What was the minimum turnover tax for retailers in 2025
💡 Explanation:Minimum turnover tax for retailers was 3.5% in 2025.
- Q65 medium
What was the revenue from income tax on corporations in 2025
💡 Explanation:Revenue from corporate income tax was Rs. 2,000 billion in 2025.
- Q66 medium
What was the withholding tax on export proceeds in 2025
💡 Explanation:Withholding tax on export proceeds was 1.0% in 2025.
- Q67 medium
What was the tax buoyancy target for 2025
💡 Explanation:Tax buoyancy target was 1.3 for 2025, indicating strong revenue growth response.
- Q68 medium
What was the revenue from FED on cigarettes in 2025
💡 Explanation:Revenue from FED on cigarettes was Rs. 150 billion in 2025.
- Q69 medium
What was the advance turnover tax rate in 2025
💡 Explanation:Advance turnover tax rate was 1.0% in 2025.
- Q70 medium
What was the revenue from petroleum levy in 2025
💡 Explanation:Revenue from petroleum levy was Rs. 500 billion in 2025.
- Q71 medium
What was the tax collection from telecom sector in 2025
💡 Explanation:Tax collection from telecom sector was Rs. 250 billion in 2025.
- Q72 medium
What was the withholding tax on property transfer in 2025
💡 Explanation:Withholding tax on property transfer was 4% in 2025.
- Q73 medium
What was the tax exemption limit for salaried individuals in 2025
💡 Explanation:Tax exemption limit was Rs. 900,000 for salaried individuals in 2025.
- Q74 medium
What was the import duty collection target for 2025-2026
💡 Explanation:Import duty collection was targeted at Rs. 700 billion for 2025-2026.
- Q75 medium
What was the tax audit completion rate in 2025
💡 Explanation:Tax audit completion rate was 65% in 2025, requiring improvement.
- Q76 medium
What was the fixed tax scheme revenue target for 2025
💡 Explanation:Fixed tax scheme revenue target was Rs. 300 billion for small businesses.
- Q77 medium
What was the tax credit for businesses in 2025
💡 Explanation:Tax credit for businesses was 15% of investment in 2025.
- Q78 medium
What was the tax collection from financial institutions in 2025
💡 Explanation:Tax collection from financial institutions was Rs. 250 billion in 2025.
- Q79 medium
What was the sales tax on services target in 2025
💡 Explanation:Sales tax on services was targeted at Rs. 1,000 billion in 2025.
- Q80 medium
What was the withholding tax rate on banking transactions in 2025
💡 Explanation:Withholding tax rate on banking transactions was 0.4% for non-filers in 2025.
- Q81 medium
What was the agriculture income tax collection target in 2025
💡 Explanation:Agriculture income tax collection target was Rs. 60 billion in 2025.
- Q82 medium
What was the capital gains tax rate in 2025
💡 Explanation:Capital gains tax rate was 17.5% for listed securities in 2025.
- Q83 medium
What was the FBR's performance target for 2025
💡 Explanation:FBR targeted 25% growth in revenue collection for 2025.
- Q84 medium
What was the turnover tax rate for small businesses in 2025
💡 Explanation:Turnover tax rate for small businesses was 1.5% in 2025.
- Q85 medium
What was the super tax collection target for 2025
💡 Explanation:Super tax collection target was Rs. 150 billion for high earners in 2025.
- Q86 medium
What was the tax e-filing compliance rate in 2025
💡 Explanation:Tax e-filing compliance rate was 65% in 2025, improving digitization.
- Q87 medium
What was the property tax collection target in 2025
💡 Explanation:Property tax collection target was Rs. 300 billion in 2025.
- Q88 medium
What was the indirect tax collection target for 2025-2026
💡 Explanation:Indirect tax collection was targeted at Rs. 4,500 billion for 2025-2026.
- Q89 medium
What was the direct tax collection target for 2025-2026
💡 Explanation:Direct tax collection was targeted at Rs. 7,000 billion for 2025-2026.
- Q90 medium
What was the customs duty collection target for 2025-2026
💡 Explanation:Customs duty collection was targeted at Rs. 900 billion for 2025-2026.
- Q91 medium
What was the new tax payer registration target for 2025
💡 Explanation:FBR targeted 800,000 new tax payer registrations in 2025.
- Q92 medium
What was the advanced tax collection target in 2025
💡 Explanation:Advanced tax collection target was Rs. 1,000 billion in 2025.
- Q93 medium
What was the GST collection target for 2025-2026
💡 Explanation:GST collection target was Rs. 4,000 billion for 2025-2026.
- Q94 medium
What was the withholding tax collection target in 2025
💡 Explanation:Withholding tax collection was targeted at Rs. 4,000 billion in 2025.
- Q95 medium
What was the FBR's automation target for 2025
💡 Explanation:FBR targeted 75% automation of tax processes to improve efficiency.
- Q96 medium
What was the corporate tax rate for 2025-2026
💡 Explanation:Corporate tax rate was 29% for the 2025-2026 fiscal year.
- Q97 medium
What was the personal income tax maximum rate in 2025
💡 Explanation:The maximum personal income tax rate was 35% for top earners in 2025.
- Q98 medium
What was the tax-to-GDP ratio target for 2025-2026
💡 Explanation:Tax-to-GDP ratio was targeted at 10.5% to broaden the tax base.
- Q99 medium
What was the sales tax standard rate in Pakistan in 2025
💡 Explanation:The standard sales tax rate was 18% in Pakistan in 2025.
- Q100 medium
What was the FBR revenue collection target for 2025-2026
💡 Explanation:FBR revenue collection target was Rs. 12,970 billion for 2025-2026 fiscal year.