Withholding tax
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NewsFederal Government Cuts Withholding And Sales Taxes On Import Of Mobile Phones
In a recent development, as reported by ARY News, the federal government has slashed the withholding and sales tax on the import...
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Banking
FBR Introduces Withholding Tax Relaxations For Branchless Banking, Internet And Phone Usage
Exemption of withholding taxation to promote digital transactions According to a circular issued by Federal Board of Revenue (FBR), the withholding tax...
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Business
Digitaizing Pakistan’s Economy: E-Payment Gateway Soon To Be Launched In Pakistan
The moment most of freelancers and online workers in Pakistan have been waiting for is finally here. The Finance Minister of Pakistan,...
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News
Punjab Suggests Removal of Luxury Tax On Imported Cars
The Excise Taxation and Narcotics Control Department (ET&NCD) Punjab is proposing removal of ‘luxury tax’ on the import of vehicles. The move...
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News
Withholding Tax Rate On All Non-Cash Banking Transactions Elevated – Serious Consequences Ensue
According to a recent report, banking transactions and deposits have experienced an overwhelming decline after the imposition of higher withholding tax rate....
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Finance
FBR Reforms: Proposes Increase in Minimum Tax, Launches Nationwide Directory of Withholding Tax Collection
Federal Board of Revenue (FBR) has announced launching a nationwide Management Information System (MIS) to manage the Withholding Tax collection. The real-time...
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News
FBR Has a Mind Of Its Own: Additional Withholding Tax for Telecom Sector
The Federal Board of Revenue (FBR) is planning additional Withholding Tax on the Telecom sector. FBR is considering an increase on mobile...
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Finance
Effects and Influences of the Withholding Tax
As per the Federal Board of Revenue (FBR), the share of withholding tax in direct assessment incomes touched 68% in the primary...
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News
FBR Announces New Real Time Monitoring System For Tax Collection By Telcos
The Federal Board of Revenue (FBR) has devised a new system for cellular companies through which they can manage the collection of...
