Tax rates on passenger, goods transport vehicles have been revised by the Federal Board of Revenue (FBR) to rationalize applicable rates.
(more…)Tag: Active Taxpayers List
Active Taxpayers List is an official database of tax filers in Pakistan, maintained by FBR, offering benefits like reduced tax rates and compliance status.
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Withholding tax rates on petroleum products
The Federal Board of Revenue (FBR) has released updated rates for withholding income tax on petroleum products, incorporating amendments introduced through the Finance Act, 2021.
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Withholding income tax rates on prize bonds
Federal Board of Revenue (FBR) has issued updated rates of withholding income tax on winning of prize bonds during fiscal year 2021-2022.
The withholding tax rates have been updated after incorporating changes made through Finance Act, 2021.
WITHHOLDING TAX CARD 2021-2022
The FBR collects withholding tax under Section 156 of the Income Tax Ordinance, 2001.
The withholding tax shall be collected from every person making payment on account of winning of prize on prize bond, cross word, raffle, lottery and quiz from recipient of prize or winning at the time of the prize or winnings are actually paid.
A tax rate of 15 per cent of the gross amount shall be collected on payments made for prize on prize bond and cross word. The rate shall be increased by 100 per cent if the person is not appearing on the Active Taxpayers List (ATL).
A tax rate at 20 per cent of the gross amount shall be collected on payments on winning from a raffle, lottery, prize on winning a quiz, prize, offered by companies for promotion of sale crosswords puzzles.
However, the tax rate shall be increased by 100 per cent i.e. 40 per cent if person is not appearing on the ATL.
The tax rate shall be final against tax liability of the person.
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Tax rates on exports of goods, services for 2021-2022
Islamabad – The Federal Board of Revenue (FBR) has released updated withholding tax rates on exports of goods and services for the fiscal year 2021-2022.
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Withholding tax rates on retailers during 2021-2022
Islamabad, January 12, 2024 – The Federal Board of Revenue (FBR) has announced the withholding tax rates applicable to retailers at the time of sales by manufacturers for the fiscal year 2021-2022.
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NCCPL informs about amended CGT rates to investors
KARACHI: National Clearing Company of Pakistan (NCCPL) on Thursday shared updated capital gain tax (CGT) rates that are applicable from July 01, 2021.
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Tax rates on immovable properties for 2021-2022
The Federal Board of Revenue (FBR) has issued updated rates of withholding tax on sale and purchase of immovable properties.
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Tax rates on car registration for 2021-2022
The Federal Board of Revenue (FBR) has issued revised rates for advance tax on the registration or transfer of motor car.
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Withholding tax rates on interest income for 2021-2022
Withholding tax rates on interest income for 2021-2022 have been notified by the Federal Board of Revenue.
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Withholding tax rates on dividend payment for 2021-2022
In a move to streamline tax collection and enhance transparency, the Federal Board of Revenue (FBR) has issued updated rates of withholding tax on payment of dividends for the fiscal year 2021-2022.
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