Withholding Tax Card 2019/2020: non-ATL to pay 40pc on foreign produced commercials

ISLAMABAD: Federal Board of Revenue (FBR) has said that up to 40 percent income tax shall be collected from a person not on the Active Taxpayers List (ATL) in case of receiving... Read more »

Non-ATL commission agents to pay up to 24 percent withholding tax

ISLAMABAD: Federal Board of Revenue (FBR) has said that commission agents not appearing on Active Taxpayers List (ATL) shall pay 24 percent withholding tax during tax year 2019/2020 effective from July 01,... Read more »

FBR issues withholding tax rate on purchase of air tickets for tax year 2019/2020

KARACHI: Federal Board of Revenue (FBR) has issued adjustable withholding tax rate on purchase of international air ticket effective for Tax Year 2019/2020. Read more »

Withholding tax rates for foreign fund transfers through debt, credit cards

ISLAMABAD: Federal Board of Revenue (FBR) has issued withholding tax card for tax year 2020, effective from July 1, 2019 and notified 2 percent advance tax to be collected on gross amount... Read more »

Withholding tax card 2019/2020: minimum Rs20,000 payable on wedding event in major cities

ISLAMABAD: Federal Board of Revenue (FBR) to collect minimum Rs20,000 as adjustable advance tax from a person, who makes payment for wedding event at a commercial hall or lawn in major cities... Read more »

2019/2020: Withholding tax rates on insurance premium

ISLAMABAD: The insurance companies are required to deduct/collect withholding tax only from persons not appearing on the Active Taxpayers List (ATL) at the time of collection of insurance premium. Read more »

2019/2020: Withholding tax rates issued on payment for goods and services

KARACHI: Federal Board of Revenue (FBR) has issued withholding tax rates on payment for goods and services during tax year 2019/2020 under Section 153 of Income Tax Ordinance, 2001. Read more »

FBR issues withholding tax rates on cash, online banking transactions

KARACHI: Federal Board of Revenue (FBR) has issued withholding tax card for tax year 2019/2020 and prescribed the rate of withholding income tax to be deducted/collected on transactions made through banking system... Read more »

FBR issues tax rates for income from immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) has issued withholding tax rate on rental income of immovable properties, which are applicable from July 01, 2019. Read more »

Non-ATL person to pay 10pc withholding tax for offshore digital service

ISLAMABAD: Persons not appearing in the Active Taxpayers’ List (ATL) shall pay 10 percent as withholding tax on payment of fee for offshore digital service to non-resident person under Section 152(1C) of... Read more »

FBR issues withholding tax rates on commercial, industrial electricity consumers

KARACHI: Federal Board of Revenue (FBR) has issued withholding tax rates to be collected from electricity consumers of commercial and industrial. Read more »

FBR issues withholding tax rates on registration of motor vehicles

ISLAMABAD: Federal Board of Revenue (FBR) has issued updated withholding tax rates on registration of new motor vehicles effective from July 01, 2019. Read more »