Federal Board of Revenue (FBR) has updated the rates of withholding tax on consumption of electricity by commercial and domestic consumers. The FBR collects withholding tax on electricity consumption under Section 235 of Income Tax Ordinance, 2001. The tax rates have been revised through Finance Act, 2021 and implemented with effect from July 01, 2021. … Continue reading Tax rates on electricity consumption during 2021-2022