Tax Cards
Tax Card for Tax Year 2022 Download Online PDF
Tax Card for Tax Year 2022 Download Online PDF. The Tax Rates for a particular tax year is very important when we perform any calculation. Some Tax rates may change every year…
#WithHoldingTaxRates
7 articles
Budget
Omission and merger of withholding tax provisions in finance act 2021
There were 38 withholding tax provisions in the Income Tax Ordinance, 2001. This high number of provisions adds to complexity and creates undue burden of compliance on different withholding agents. It also…
Updates
Govt imposing additional taxes on cars from next week
Sources said that the Federal Board of Revenue (FBR) had proposed a one per cent tax exemption for locally manufactured electric cars and a rebate of three per cent additional sales tax…
Taxation
Withholding tax on Pakistan-made mobile phones abolished
The Cabinet's Economic Co-ordination Committee approved the Mobile Device Manufacturing Policy and Electric Vehicle Policy. The meeting approved the abolition of 4% withholding tax on locally manufactured mobile phones. The framework for…
Taxation
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…
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…
Taxation
Changes in rates of withholding tax on sales to retailers, wholesalers, distributors
Federal Board of Revenue (FBR) issued changes in withholding tax rates on sales made. Sales made by manufacturers to retailers, wholesalers and distributors during the tax year 2021. New rates implemented through…