Withholding tax rates on payment for goods and services during Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has updated withholding tax card for tax year 2019 amendment through Finance Supplementary (Second Amendment) Act, 2019. Read more »

Withholding tax rates on purchase, registration of motor vehicle for Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has issued updated withholding tax rates on purchase and registration of motor vehicles. Read more »

Withholding tax card for dividend income, return on Sukuk: updated for Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has updated withholding tax card for Tax Year 2019 incorporating amendment made to Income Tax Ordinance, 2001 through Finance Supplementary (Second Amendment) Act, 2001. Read more »

Banks require to collect 5pc withholding tax on off-shore digital services

KARACHI: Banks have been required to deduct 5 percent withholding tax at 5 percent on payments for off-shore digital services. Read more »

Media to pay 20pc final tax on foreign produced advertisements

ISLAMABAD: Federal Board of Revenue (FBR) has said that 20 percent as final tax will be collected from person paying an amount against production of commercial or advertisement to a foreign entity. Read more »

Withholding tax rate on winning prize bonds

KARACHI: The rate of withholding tax on prizes and winning under Section 156 of Income Tax Ordinance, 2001 for Tax Year 2019. Read more »

Withholding tax rates on income from property for Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has issued rate of withholding tax to be collected on income from property during Tax Year 2019. Read more »

Withholding tax rates on profit on banking deposits

KARACHI: Every banking company shall collect withholding tax under Section 151(1)(b) of Income Tax Ordinance, 2001 from persons receiving profits on their deposits maintained at respective banks. Read more »

Withholding income tax rates at import stage for tax year 2019

KARACHI: The collector of customs has been empowered to collect withholding income tax from importer of goods. Read more »

Salary tax slab of above Rs800,000 to pay Rs2,000 as minimum tax

ISLAMABAD: Federal Board of Revenue (FBR) has said that salary individuals having taxable income above Rs800,000 to Rs12,000 shall pay Rs2,000 as minimum tax for Tax Year 2019.     According to... Read more »

Advance tax on domestic, international air tickets adjustable

KARACHI: The advance tax rates have be prescribed on domestic and foreign air tickets to be collected from purchaser of the tickets. Read more »

FBR issues updated withholding tax card for Tax Year 2019

ISLAMABAD: Federal Board of Revenue (FBR) has issued updated rate card of withholding tax for Tax Year 2019 incorporating amendments made through Finance Supplementary Act, 2018. Read more »