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Around 99.32pc population not to be allowed to purchase cars, properties...

KARACHI: Around 99.32 percent of the total population of Pakistan will not be eligible to purchase new motor cars and purchase immovable property above...

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...

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),...

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...

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...

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

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...

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. In its country report on Pakistan...

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...

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. Finance Minister...

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