Taxation and Revenue Reforms MCQs 2026

100 questions with detailed answers · 0 from past papers · 10 quiz batches available

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Page 1 of 1Questions 1–10 of 100

Q1medium
What was the total revenue collection target in Federal Budget 2025-2026
1. ARs. 12,500 billion
2. BRs. 12,700 billion
3. CRs. 12,900 billion
4. DRs. 12,970 billion
💡 Explanation:
Total revenue collection target was Rs. 12,970 billion in Federal Budget 2025-2026.
Q2medium
What was the alternative corporate tax rate in 2025
1. A15%
2. B17.5%
3. C20%
4. D22.5%
💡 Explanation:
Alternative corporate tax rate was 15% in 2025 for specific sectors.
Q3medium
What was the tax collection from paper industry in 2025
1. ARs. 25 billion
2. BRs. 30 billion
3. CRs. 35 billion
4. DRs. 40 billion
💡 Explanation:
Tax collection from paper industry was Rs. 30 billion in 2025.
Q4medium
What was the withholding tax on food sales in 2025
1. A2%
2. B2.5%
3. C3%
4. D3.5%
💡 Explanation:
Withholding tax on food sales was 3.5% in 2025 for large retailers.
Q5medium
What was the revenue from mobile imports tax in 2025
1. ARs. 40 billion
2. BRs. 50 billion
3. CRs. 60 billion
4. DRs. 70 billion
💡 Explanation:
Revenue from mobile imports tax was Rs. 60 billion in 2025.
Q6medium
What was the withholding tax on rent in 2025
1. A7%
2. B8%
3. C9%
4. D10%
💡 Explanation:
Withholding tax on rent was 10% in 2025 for commercial properties.
Q7medium
What was the tax rate for software companies in 2025
1. A10%
2. B12.5%
3. C15%
4. D20%
💡 Explanation:
Tax rate for software companies was 20% under the IT sector incentives.
Q8medium
What was the collection from petroleum surcharge in 2025
1. ARs. 40 billion
2. BRs. 50 billion
3. CRs. 60 billion
4. DRs. 70 billion
💡 Explanation:
Collection from petroleum surcharge was Rs. 70 billion in 2025.
Q9medium
What was the tax collection from chemicals industry in 2025
1. ARs. 80 billion
2. BRs. 100 billion
3. CRs. 120 billion
4. DRs. 140 billion
💡 Explanation:
Tax collection from chemicals industry was Rs. 140 billion in 2025.
Q10medium
What was the tax rate on mining sector in 2025
1. A25%
2. B30%
3. C35%
4. D40%
💡 Explanation:
Tax rate on mining sector was 25% in 2025.
Q11medium
What was the revenue from professional tax in 2025
1. ARs. 20 billion
2. BRs. 25 billion
3. CRs. 30 billion
4. DRs. 35 billion
💡 Explanation:
Revenue from professional tax was Rs. 25 billion in 2025.
Q12medium
What was the tax collection from leather industry in 2025
1. ARs. 30 billion
2. BRs. 40 billion
3. CRs. 50 billion
4. DRs. 60 billion
💡 Explanation:
Tax collection from leather industry was Rs. 50 billion in 2025.
Q13medium
What was the minimum tax on corporate sector in 2025
1. A0.5%
2. B0.75%
3. C1.0%
4. D1.25%
💡 Explanation:
Minimum tax on corporate sector was 1.25% of turnover in 2025.
Q14medium
What was the tax collection from beverage industry in 2025
1. ARs. 60 billion
2. BRs. 70 billion
3. CRs. 80 billion
4. DRs. 90 billion
💡 Explanation:
Tax collection from beverage industry was Rs. 90 billion in 2025.
Q15medium
What was the withholding tax on advertisements in 2025
1. A5%
2. B7.5%
3. C10%
4. D12.5%
💡 Explanation:
Withholding tax on advertisements was 12.5% in 2025.
Q16medium
What was the revenue from capital gains tax in 2025
1. ARs. 50 billion
2. BRs. 75 billion
3. CRs. 100 billion
4. DRs. 125 billion
💡 Explanation:
Revenue from capital gains tax was Rs. 125 billion in 2025.
Q17medium
What was the tax rate on construction sector in 2025
1. A15%
2. B17.5%
3. C20%
4. D22.5%
💡 Explanation:
Tax rate on construction sector was 20% in 2025.
Q18medium
What was the withholding tax on prize money in 2025
1. A10%
2. B12.5%
3. C15%
4. D20%
💡 Explanation:
Withholding tax on prize money was 20% in 2025.
Q19medium
What was the tax collection from tobacco industry in 2025
1. ARs. 100 billion
2. BRs. 125 billion
3. CRs. 150 billion
4. DRs. 175 billion
💡 Explanation:
Tax collection from tobacco industry was Rs. 150 billion in 2025.
Q20medium
What was the revenue from petroleum products taxes in 2025
1. ARs. 600 billion
2. BRs. 700 billion
3. CRs. 800 billion
4. DRs. 900 billion
💡 Explanation:
Revenue from petroleum products taxes was Rs. 900 billion in 2025.
Q21medium
What was the advanced income tax on imports in 2025
1. A2%
2. B2.5%
3. C3%
4. D3.5%
💡 Explanation:
Advanced income tax on imports was 3.5% of C&F value in 2025.
Q22medium
What was the tax rate on leasing companies in 2025
1. A25%
2. B28%
3. C30%
4. D35%
💡 Explanation:
Tax rate on leasing companies was 25% in 2025.
Q23medium
What was the tax collection from fertilizer sector in 2025
1. ARs. 40 billion
2. BRs. 50 billion
3. CRs. 60 billion
4. DRs. 70 billion
💡 Explanation:
Tax collection from fertilizer sector was Rs. 70 billion in 2025.
Q24medium
What was the tax collection from tea import duties in 2025
1. ARs. 20 billion
2. BRs. 25 billion
3. CRs. 30 billion
4. DRs. 35 billion
💡 Explanation:
Tax collection from tea import duties was Rs. 30 billion in 2025.
Q25medium
What was the withholding tax on insurance premium in 2025
1. A5%
2. B6%
3. C7%
4. D8%
💡 Explanation:
Withholding tax on insurance premium was 8% in 2025.
Q26medium
What was the tax rate for venture capital firms in 2025
1. A20%
2. B22.5%
3. C25%
4. D27.5%
💡 Explanation:
Tax rate for venture capital firms was 25% in 2025.
Q27medium
What was the revenue from gas infrastructure development cess in 2025
1. ARs. 35 billion
2. BRs. 45 billion
3. CRs. 55 billion
4. DRs. 65 billion
💡 Explanation:
Revenue from gas infrastructure development cess was Rs. 35 billion in 2025.
Q28medium
What was the withholding tax on salary advance in 2025
1. A10%
2. B12.5%
3. C15%
4. D17.5%
💡 Explanation:
Withholding tax on salary advance was 17.5% in 2025.
Q29medium
What was the tax collection from cement sector in 2025
1. ARs. 80 billion
2. BRs. 100 billion
3. CRs. 120 billion
4. DRs. 140 billion
💡 Explanation:
Tax collection from cement sector was Rs. 140 billion in 2025.
Q30medium
What was the advance tax on vehicles in 2025
1. A0.5%
2. B0.75%
3. C1.0%
4. D1.25%
💡 Explanation:
Advance tax on vehicles was 1.25% of vehicle price in 2025.
Q31medium
What was the withholding tax on fees in 2025
1. A8%
2. B9%
3. C10%
4. D12%
💡 Explanation:
Withholding tax on fees was 8% in 2025.
Q32medium
What was the tax treatment of charitable donations in 2025
1. A50% deduction
2. B60% deduction
3. C70% deduction
4. D100% deduction
💡 Explanation:
Charitable donations were 100% tax deductible in 2025 up to certain limits.
Q33medium
What was the revenue from textile sector taxes in 2025
1. ARs. 400 billion
2. BRs. 450 billion
3. CRs. 500 billion
4. DRs. 550 billion
💡 Explanation:
Revenue from textile sector taxes was Rs. 450 billion in 2025.
Q34medium
What was the tax collection from automobile sector in 2025
1. ARs. 150 billion
2. BRs. 180 billion
3. CRs. 210 billion
4. DRs. 240 billion
💡 Explanation:
Tax collection from automobile sector was Rs. 180 billion in 2025.
Q35medium
What was the withholding tax on profit on debt in 2025
1. A10%
2. B12.5%
3. C15%
4. D17.5%
💡 Explanation:
Withholding tax on profit on debt was 17.5% for non-corporate entities in 2025.
Q36medium
What was the tax rate on sugar industry in 2025
1. A20%
2. B25%
3. C30%
4. D35%
💡 Explanation:
Tax rate on sugar industry was 25% in 2025.
Q37medium
What was the revenue from infrastructure development cess in 2025
1. ARs. 40 billion
2. BRs. 50 billion
3. CRs. 60 billion
4. DRs. 70 billion
💡 Explanation:
Revenue from infrastructure development cess was Rs. 70 billion in 2025.
Q38medium
What was the property valuation rate for tax purposes in 2025
1. A50% of market value
2. B60% of market value
3. C70% of market value
4. D80% of market value
💡 Explanation:
Property valuation rate was 80% of market value for tax purposes in 2025.
Q39medium
What was the tax collection from stock market transactions in 2025
1. ARs. 60 billion
2. BRs. 70 billion
3. CRs. 80 billion
4. DRs. 90 billion
💡 Explanation:
Tax collection from stock market transactions was Rs. 90 billion in 2025.
Q40medium
What was the tax credit for health insurance in 2025
1. A10%
2. B15%
3. C20%
4. D25%
💡 Explanation:
Tax credit for health insurance was 10% of premium in 2025.
Q41medium
What was the tax rate for insurance companies in 2025
1. A25%
2. B28%
3. C30%
4. D35%
💡 Explanation:
Tax rate for insurance companies was 35% in 2025.
Q42medium
What was the revenue from wealth tax in 2025
1. ARs. 30 billion
2. BRs. 40 billion
3. CRs. 50 billion
4. DRs. 60 billion
💡 Explanation:
Revenue from wealth tax was Rs. 30 billion in 2025.
Q43medium
What was the tax collection from export industries in 2025
1. ARs. 100 billion
2. BRs. 125 billion
3. CRs. 150 billion
4. DRs. 175 billion
💡 Explanation:
Tax collection from export industries was Rs. 175 billion in 2025.
Q44medium
What was the withholding tax on supply of goods in 2025
1. A2.5%
2. B3%
3. C3.5%
4. D4%
💡 Explanation:
Withholding tax on supply of goods was 2.5% in 2025.
Q45medium
What was the tax rate on oil and gas exploration in 2025
1. A25%
2. B30%
3. C35%
4. D40%
💡 Explanation:
Tax rate on oil and gas exploration was 30% in 2025.
Q46medium
What was the revenue from capital value tax in 2025
1. ARs. 50 billion
2. BRs. 75 billion
3. CRs. 100 billion
4. DRs. 125 billion
💡 Explanation:
Revenue from capital value tax was Rs. 125 billion in 2025.
Q47medium
What was the withholding tax on electricity bills in 2025
1. A5%
2. B7.5%
3. C10%
4. D12.5%
💡 Explanation:
Withholding tax on electricity bills was 12.5% for commercial consumers in 2025.
Q48medium
What was the tax collection target from salaried individuals in 2025
1. ARs. 800 billion
2. BRs. 900 billion
3. CRs. 1,000 billion
4. DRs. 1,100 billion
💡 Explanation:
Tax collection from salaried individuals was targeted at Rs. 800 billion.
Q49medium
What was the turnover tax for importers in 2025
1. A2%
2. B2.5%
3. C3%
4. D3.5%
💡 Explanation:
Turnover tax for importers was 2% in 2025.
Q50medium
What was the tax credit for research and development in 2025
1. A10%
2. B15%
3. C20%
4. D25%
💡 Explanation:
Tax credit for R&D was 20% in 2025 to encourage innovation.
Q51medium
What was the tax rate on imported machinery in 2025
1. A5%
2. B7.5%
3. C10%
4. D12.5%
💡 Explanation:
Tax rate on imported machinery was 7.5% in 2025.
Q52medium
What was the revenue from excise duty in 2025
1. ARs. 200 billion
2. BRs. 250 billion
3. CRs. 300 billion
4. DRs. 350 billion
💡 Explanation:
Revenue from excise duty was Rs. 350 billion in 2025.
Q53medium
What was the tax collection from non-filers in 2025
1. ARs. 80 billion
2. BRs. 100 billion
3. CRs. 120 billion
4. DRs. 140 billion
💡 Explanation:
Tax collection from non-filers was Rs. 140 billion through withholding measures.
Q54medium
What was the withholding tax on dividends in 2025
1. A10%
2. B12.5%
3. C15%
4. D17.5%
💡 Explanation:
Withholding tax on dividends was 17.5% in 2025.
Q55medium
What was the tax dispute resolution target for 2025
1. A40% of cases
2. B45% of cases
3. C50% of cases
4. D55% of cases
💡 Explanation:
Tax dispute resolution target was 40% of cases through alternative mechanisms.
Q56medium
What was the revenue from sales tax on imports in 2025
1. ARs. 1,500 billion
2. BRs. 1,700 billion
3. CRs. 1,900 billion
4. DRs. 2,100 billion
💡 Explanation:
Revenue from sales tax on imports was Rs. 2,100 billion in 2025.
Q57medium
What was the tax withholding on foreign payments in 2025
1. A5%
2. B7.5%
3. C10%
4. D12.5%
💡 Explanation:
Tax withholding on foreign payments was 10% in 2025.
Q58medium
What was the accelerated depreciation rate in 2025
1. A25%
2. B30%
3. C35%
4. D40%
💡 Explanation:
Accelerated depreciation rate was 40% for industrial investment in 2025.
Q59medium
What was the tax rate on banking profit in 2025
1. A35%
2. B38%
3. C40%
4. D42%
💡 Explanation:
Tax rate on banking profit was 35% in 2025.
Q60medium
What was the revenue from customs duties in 2025
1. ARs. 800 billion
2. BRs. 850 billion
3. CRs. 900 billion
4. DRs. 950 billion
💡 Explanation:
Revenue from customs duties was Rs. 850 billion in 2025.
Q61medium
What was the tax collection from real estate sector in 2025
1. ARs. 300 billion
2. BRs. 350 billion
3. CRs. 400 billion
4. DRs. 450 billion
💡 Explanation:
Tax collection from real estate sector was Rs. 350 billion in 2025.
Q62medium
What was the tax payment deadline for tax year 2025
1. AMarch 31
2. BJune 30
3. CSeptember 30
4. DDecember 31
💡 Explanation:
Tax payment deadline was September 30 for tax year 2025.
Q63medium
What was the withholding tax on services in 2025
1. A5%
2. B6%
3. C7%
4. D8%
💡 Explanation:
Withholding tax on services was 7% in 2025.
Q64medium
What was the minimum turnover tax for retailers in 2025
1. A2%
2. B2.5%
3. C3%
4. D3.5%
💡 Explanation:
Minimum turnover tax for retailers was 3.5% in 2025.
Q65medium
What was the revenue from income tax on corporations in 2025
1. ARs. 2,000 billion
2. BRs. 2,200 billion
3. CRs. 2,400 billion
4. DRs. 2,600 billion
💡 Explanation:
Revenue from corporate income tax was Rs. 2,000 billion in 2025.
Q66medium
What was the withholding tax on export proceeds in 2025
1. A0.5%
2. B1.0%
3. C1.5%
4. D2.0%
💡 Explanation:
Withholding tax on export proceeds was 1.0% in 2025.
Q67medium
What was the tax buoyancy target for 2025
1. A1.0
2. B1.1
3. C1.2
4. D1.3
💡 Explanation:
Tax buoyancy target was 1.3 for 2025, indicating strong revenue growth response.
Q68medium
What was the revenue from FED on cigarettes in 2025
1. ARs. 150 billion
2. BRs. 180 billion
3. CRs. 210 billion
4. DRs. 240 billion
💡 Explanation:
Revenue from FED on cigarettes was Rs. 150 billion in 2025.
Q69medium
What was the advance turnover tax rate in 2025
1. A0.5%
2. B0.75%
3. C1.0%
4. D1.25%
💡 Explanation:
Advance turnover tax rate was 1.0% in 2025.
Q70medium
What was the revenue from petroleum levy in 2025
1. ARs. 500 billion
2. BRs. 600 billion
3. CRs. 700 billion
4. DRs. 800 billion
💡 Explanation:
Revenue from petroleum levy was Rs. 500 billion in 2025.
Q71medium
What was the tax collection from telecom sector in 2025
1. ARs. 200 billion
2. BRs. 250 billion
3. CRs. 300 billion
4. DRs. 350 billion
💡 Explanation:
Tax collection from telecom sector was Rs. 250 billion in 2025.
Q72medium
What was the withholding tax on property transfer in 2025
1. A2%
2. B3%
3. C4%
4. D5%
💡 Explanation:
Withholding tax on property transfer was 4% in 2025.
Q73medium
What was the tax exemption limit for salaried individuals in 2025
1. ARs. 600,000
2. BRs. 700,000
3. CRs. 800,000
4. DRs. 900,000
💡 Explanation:
Tax exemption limit was Rs. 900,000 for salaried individuals in 2025.
Q74medium
What was the import duty collection target for 2025-2026
1. ARs. 600 billion
2. BRs. 700 billion
3. CRs. 800 billion
4. DRs. 900 billion
💡 Explanation:
Import duty collection was targeted at Rs. 700 billion for 2025-2026.
Q75medium
What was the tax audit completion rate in 2025
1. A65%
2. B70%
3. C75%
4. D80%
💡 Explanation:
Tax audit completion rate was 65% in 2025, requiring improvement.
Q76medium
What was the fixed tax scheme revenue target for 2025
1. ARs. 150 billion
2. BRs. 200 billion
3. CRs. 250 billion
4. DRs. 300 billion
💡 Explanation:
Fixed tax scheme revenue target was Rs. 300 billion for small businesses.
Q77medium
What was the tax credit for businesses in 2025
1. A5% of investment
2. B7.5% of investment
3. C10% of investment
4. D15% of investment
💡 Explanation:
Tax credit for businesses was 15% of investment in 2025.
Q78medium
What was the tax collection from financial institutions in 2025
1. ARs. 250 billion
2. BRs. 300 billion
3. CRs. 350 billion
4. DRs. 400 billion
💡 Explanation:
Tax collection from financial institutions was Rs. 250 billion in 2025.
Q79medium
What was the sales tax on services target in 2025
1. ARs. 800 billion
2. BRs. 900 billion
3. CRs. 1,000 billion
4. DRs. 1,100 billion
💡 Explanation:
Sales tax on services was targeted at Rs. 1,000 billion in 2025.
Q80medium
What was the withholding tax rate on banking transactions in 2025
1. A0.3%
2. B0.4%
3. C0.5%
4. D0.6%
💡 Explanation:
Withholding tax rate on banking transactions was 0.4% for non-filers in 2025.
Q81medium
What was the agriculture income tax collection target in 2025
1. ARs. 30 billion
2. BRs. 40 billion
3. CRs. 50 billion
4. DRs. 60 billion
💡 Explanation:
Agriculture income tax collection target was Rs. 60 billion in 2025.
Q82medium
What was the capital gains tax rate in 2025
1. A10%
2. B12.5%
3. C15%
4. D17.5%
💡 Explanation:
Capital gains tax rate was 17.5% for listed securities in 2025.
Q83medium
What was the FBR's performance target for 2025
1. A25% growth
2. B20% growth
3. C30% growth
4. D35% growth
💡 Explanation:
FBR targeted 25% growth in revenue collection for 2025.
Q84medium
What was the turnover tax rate for small businesses in 2025
1. A0.5%
2. B1.0%
3. C1.5%
4. D2.0%
💡 Explanation:
Turnover tax rate for small businesses was 1.5% in 2025.
Q85medium
What was the super tax collection target for 2025
1. ARs. 100 billion
2. BRs. 150 billion
3. CRs. 200 billion
4. DRs. 250 billion
💡 Explanation:
Super tax collection target was Rs. 150 billion for high earners in 2025.
Q86medium
What was the tax e-filing compliance rate in 2025
1. A55%
2. B60%
3. C65%
4. D70%
💡 Explanation:
Tax e-filing compliance rate was 65% in 2025, improving digitization.
Q87medium
What was the property tax collection target in 2025
1. ARs. 150 billion
2. BRs. 200 billion
3. CRs. 250 billion
4. DRs. 300 billion
💡 Explanation:
Property tax collection target was Rs. 300 billion in 2025.
Q88medium
What was the indirect tax collection target for 2025-2026
1. ARs. 4,500 billion
2. BRs. 5,000 billion
3. CRs. 5,500 billion
4. DRs. 6,000 billion
💡 Explanation:
Indirect tax collection was targeted at Rs. 4,500 billion for 2025-2026.
Q89medium
What was the direct tax collection target for 2025-2026
1. ARs. 5,500 billion
2. BRs. 6,000 billion
3. CRs. 6,500 billion
4. DRs. 7,000 billion
💡 Explanation:
Direct tax collection was targeted at Rs. 7,000 billion for 2025-2026.
Q90medium
What was the customs duty collection target for 2025-2026
1. ARs. 800 billion
2. BRs. 900 billion
3. CRs. 1,000 billion
4. DRs. 1,100 billion
💡 Explanation:
Customs duty collection was targeted at Rs. 900 billion for 2025-2026.
Q91medium
What was the new tax payer registration target for 2025
1. A500,000
2. B600,000
3. C700,000
4. D800,000
💡 Explanation:
FBR targeted 800,000 new tax payer registrations in 2025.
Q92medium
What was the advanced tax collection target in 2025
1. ARs. 800 billion
2. BRs. 900 billion
3. CRs. 1,000 billion
4. DRs. 1,100 billion
💡 Explanation:
Advanced tax collection target was Rs. 1,000 billion in 2025.
Q93medium
What was the GST collection target for 2025-2026
1. ARs. 3,500 billion
2. BRs. 4,000 billion
3. CRs. 4,500 billion
4. DRs. 5,000 billion
💡 Explanation:
GST collection target was Rs. 4,000 billion for 2025-2026.
Q94medium
What was the withholding tax collection target in 2025
1. ARs. 2,500 billion
2. BRs. 3,000 billion
3. CRs. 3,500 billion
4. DRs. 4,000 billion
💡 Explanation:
Withholding tax collection was targeted at Rs. 4,000 billion in 2025.
Q95medium
What was the FBR's automation target for 2025
1. A75% of processes
2. B65% of processes
3. C85% of processes
4. D55% of processes
💡 Explanation:
FBR targeted 75% automation of tax processes to improve efficiency.
Q96medium
What was the corporate tax rate for 2025-2026
1. A25%
2. B27%
3. C29%
4. D31%
💡 Explanation:
Corporate tax rate was 29% for the 2025-2026 fiscal year.
Q97medium
What was the personal income tax maximum rate in 2025
1. A25%
2. B28%
3. C30%
4. D35%
💡 Explanation:
The maximum personal income tax rate was 35% for top earners in 2025.
Q98medium
What was the tax-to-GDP ratio target for 2025-2026
1. A9.5%
2. B10.5%
3. C11.5%
4. D8.5%
💡 Explanation:
Tax-to-GDP ratio was targeted at 10.5% to broaden the tax base.
Q99medium
What was the sales tax standard rate in Pakistan in 2025
1. A15%
2. B16%
3. C17%
4. D18%
💡 Explanation:
The standard sales tax rate was 18% in Pakistan in 2025.
Q100medium
What was the FBR revenue collection target for 2025-2026
1. ARs. 12,970 billion
2. BRs. 11,500 billion
3. CRs. 13,500 billion
4. DRs. 10,800 billion
💡 Explanation:
FBR revenue collection target was Rs. 12,970 billion for 2025-2026 fiscal year.

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Taxation and Revenue Reforms MCQs 2026

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