Complete list of withholding tax rates for tax year 2020

ISLAMABAD: Following is the complete list of withholding tax rates applicable for tax year 2020. The rates have been updated by the Federal board of Revenue (FBR) till June 30, 2019. Read more »

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 »