Karachi, August 3, 2023 – Pakistan Federal Board of Revenue (FBR) has implemented a new tax regime for the fiscal year 2023-24, which includes significant changes in the tax rates on dividend income.
(more…)Tag: withholding tax
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FBR Unveils Withholding Tax Rates During 2023-24 for ATL and Non-ATL Importers
Karachi, August 2, 2023 – The Federal Board of Revenue (FBR) has released the withholding tax rates for the import of goods during the tax year 2023-24.
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FBR Elaborates New Withholding Tax Regime for Motor Vehicles
Karachi, July 27, 2023 – The Federal Board of Revenue (FBR) has elaborated new withholding tax regime for motor vehicles, aiming to streamline the taxation process and generate revenue for the government.
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Federal Tax Ombudsman Directs FBR to Conduct Audit of Banks for Withholding Tax Compliance
Islamabad, June 22, 2023: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to regularly conduct audit of banks to check compliance with the withholding tax provisions.
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Pakistan Introduces Withholding Tax on Cash Withdrawal from Banks
Islamabad, June 9, 2023 – In a bid to enhance the documentation of the economy, Pakistan has implemented a withholding tax on cash withdrawals from banks. However, this tax will only apply to individuals who are not listed on the Active Taxpayers List (ATL) of the Federal Board of Revenue (FBR).
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Proposal to Abolish Withholding Tax Regime for Listed Companies
The Institute of Chartered Accountants of Pakistan (ICAP) has recommended the removal of the withholding tax burden imposed on listed companies by the Federal Board of Revenue (FBR).
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UNISAME opposes potential re-imposition of withholding tax on cash withdrawal
KARACHI: The Union of Small and Medium Enterprises (UNISAME) has voiced its opposition to reports suggesting that the government is considering the re-imposition of withholding tax on cash withdrawals.
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Foreign investors urge Pakistan to abolish withholding tax on telecom services
Foreign investors operating in Pakistan are calling on the country to abolish the withholding tax on telecom services.
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FBR collects over Rs81 billion from sale, purchase of property transactions during TY22
ISLAMABAD: Federal Board of Revenue (FBR) has collected over Rs81 billion from sale and purchase of property transactions during tax year 2022, official documents revealed.
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WHT share in direct taxes jumps to 67% despite omitting provisions
ISLAMABAD: Share of withholding tax (WHT) collection in total collection of direct taxes has increased to 67 during Tax Year 2022 despite elimination of many provisions related to the withholding taxes.
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