#WithholdingAgents

2 articles

FBR clarification: good news for overseas Pakistanis for taking exemption from tax on profit on bank deposits

Federal Board of Revenue (FBR) made it mandatory for overseas Pakistanis to seek income tax exemption on 'profit on bank deposits' received from remittances deposited in their local bank. Exemption Certificate needs…

December 10, 2020

Budget

FBR increased the limit of turnover for withholding agents

Federal Board of Revenue FBR increased the limit of turnover for withholding agents. Taxpayers having turnover above Rs 100 million will need to deduction of withholding tax. Income Tax Circular No. 03…

September 5, 2020