Tag Archives: withholding tax

Phone companies depositing withholding tax on weekly basis: state minister

ISLAMABAD: Mobile phone companies are depositing withholding tax to national exchequer on weekly basis, Minister of State for Finance, Revenue and Economic Affairs Rana Muhammad Afzal Khan said on Wednesday.

Ufone, Mobilink provide withholding tax data

ISLAMABAD: Two mobile phone service providers, including Ufone and Mobilink have provided real-time data of withholding tax data to Federal Board of Revenue (FBR), said Minister for Federal Education and Professional Training Baligh ur Rehman on Wednesday while replying to questions at the Senate.

FBR conducts Telenor’s withholding tax audit

ISLAMABAD: Federal Board of Revenue (FBR) has conducted withholding tax audit of Telenor Pakistan (Pvt) Limited to determine the deduction and deposit by the mobile phone service provider company.

WHT on banking transactions fails to discourage cash economy: SBP

KARACHI: State Bank of Pakistan (SBP) on Thursday said that the imposition of withholding tax on banking transactions apparently failed to discourage the cash economy.

Reduced withholding tax rate on non-filers to be extended till Dec 31

ISLAMABAD: The government has decided to continue the imposition of reduced rate of withholding tax on non-cash banking transactions made by non-filers till December 31, 2017.

Raising withholding, petroleum taxes to help enhancing tax-to-GDP ratio: IMF

ISLAMABAD: International Monetary Fund (IMF) has advised Pakistan for raising petroleum taxes and withholding taxes for increasing tax-to-GDP ratio.

FBR extends imposition of 0.4pc withholding tax rate on non-filers

ISLAMABAD: Federal Board of Revenue (FBR) has extended the imposition of withholding tax on non-cash banking transactions by non-filers up to September 30, 2017 from July 01, 2017.

Withholding tax exempted on cash withdrawal by branchless banking agents

ISLAMABAD: The government has exempted the levy of withholding tax on cash withdrawal by branchless banking agents in order to promote financial inclusion.

FBR launches digital directory to monitor withholding agents

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday launched digital directory in order to tighten noose around non-compliant withholding agents and with aim to increase revenue collection as well as broadening the tax base.

Exempt amount for withholding tax deduction to be increased to Rs100,000 per day transaction in budget 2017/2018

KARACHI: The government has agreed to enhance the amount of per day transactions by non-filers of income tax returns to Rs100,000 for deduction of withholding tax in the budget 2017/2018, Ashraf Mahmood Wathra, Governor, State Bank of Pakistan (SBP) said on Monday.