Fahad Bashar & Co.

20/06/2026

18/06/2026

Reportedly, a fixed tax of Rs. 25,000 is proposed for the businesses and service categories listed in the image below

14/06/2026

13/06/2026

06/06/2026

Capital Gains Tax 🇺🇸

in the United States

Types of Capital Gains

1. Short-Term Capital Gains

Held 1 Year or Less

* Taxed at 10%–37% (Ordinary Income Rate)

2. Long-Term Capital Gains

Held More Than 1 Year

* Taxed at 0%, 15%, or 20%

Example

Buy: $5,000
Sell: $8,000

Capital Gain: $3,000

Important Rules

* Capital losses can offset gains
* 3.8% Net Investment Income Tax (NIIT) may apply
* $250,000 home sale exclusion ($500,000 for married couples filing jointly)

2026 Long-Term Capital Gains Rates

Rate Single Filers
0% Up to $49,450
15% $49,451 – $545,500
20% Over $545,500

Tax on profit from selling investments or property.

06/06/2026

🌍 GCC Taxation 🌍
The Gulf Cooperation Council (GCC) consists of six countries:
🇦🇪 UAE | 🇸🇦 Saudi Arabia | 🇶🇦 Qatar | 🇴🇲 Oman | 🇰🇼 Kuwait | 🇧🇭 Bahrain
Over the past few years, GCC countries have transformed from largely tax-free economies into modern tax jurisdictions by introducing VAT, Corporate Tax, Excise Tax, and Global Minimum Tax rules.
🧾 Types of Taxes in GCC
1️⃣ Corporate Tax (CT)
Applied on business profits.
✔ UAE – 9%
✔ Saudi Arabia – 20%
✔ Qatar – 10%
✔ Oman – 15%
✔ Kuwait – 15% (foreign companies)
✔ Bahrain – Generally 0% for most businesses
Corporate Tax has become a major focus for multinational and regional businesses operating in the GCC.
2️⃣ Value Added Tax (VAT)
An indirect tax charged on goods and services.
✔ UAE – 5%
✔ Saudi Arabia – 15%
✔ Bahrain – 10%
✔ Oman – 5%
✔ Qatar – Not implemented yet
✔ Kuwait – Not implemented yet
3️⃣ Excise Tax
Applied to products harmful to health or the environment.
Examples:
To***co Products
Energy Drinks
Soft Drinks
Sweetened Beverages
Rates generally range from 50% to 100% depending on the product category.
4️⃣ Withholding Tax (WHT)
Tax deducted on payments made to non-residents.
Common in:
Saudi Arabia
Qatar
Oman
Kuwait
Often applies to:
Royalties
Interest
Technical Services
Management Fees
5️⃣ Global Minimum Tax (Pillar Two)
Large multinational groups with annual revenue above €750 million may be subject to a 15% Global Minimum Tax under OECD rules. Several GCC countries have already introduced related legislation.
💡 Why GCC Taxation Matters
The GCC is moving toward greater transparency, digital compliance, e-invoicing, and international tax alignment.
Businesses operating across the region must understand:
✅ VAT Compliance
✅ Corporate Tax Filing
✅ Transfer Pricing
✅ Withholding Tax Rules
✅ OECD Pillar Two Requirements

17/05/2026

We provide reliable online accounting, taxation, audit, and business consultancy services for clients across Pakistan and worldwide.
With secure communication, timely reporting, and professional support, we help businesses grow while managing their financial matters efficiently.

📩 Online consultations available
💼 Trusted • Confidential • Professional
📍 Bahria Town Islamabad