ISLAMABAD: The Federal Board of Revenue (FBR) has announced revised withholding tax rates for electricity consumption by both commercial and domestic consumers, effective from July 1, 2021. These updates, implemented under Section 235 of the Income Tax Ordinance, 2001, were introduced through the Finance Act, 2021. Updated Withholding Tax Rates for 2021/2022 Commercial and Industrial … Continue reading Tax rates on electricity consumption during 2021-2022