Pakistan News

    Withholding Tax On Services In Pakistan 2014

  • 12.5pc withholding tax on mobile recharge high: PTA

    ISLAMABAD: The withholding tax of 12...

    5pc on every mobile recharge is high since majority of the subscribers fall below the threshold of being taxpayers and cannot get the paid amount adjusted in their annual tax returns, said the Pakistan Telecommunication Authority (PTA) in its annual report...

  • Telecom sector seeks reduction in withholding tax

    ISLAMABAD: At a time when the government is giving final touches to proposals for the upcoming budget, the telecom sector is seeking reduction in withholding and sales tax rates in a bid to provide relief to subscribers...

    In the first budget of PML-N government in 2013, the withholding tax rate was increased to 15 per cent from 10pc...

  • FBR still withholding tax records, JIT tells SC

    ISLAMABAD: The joint investigation team (JIT) filed another complaint before the Supreme Court on Thursday, this time against the Federal Bureau of Revenue (FBR) for not cooperating with the investigation by withholding the wealth tax and income tax returns of certain individuals...

    Justice Khan also asked Mr Zia about the expediency in withholding the name of the officer responsible for leaking Hussain Nawaz’ photo on social media,...

  • Time to revisit withholding tax system

    Apart from being unfair and regressive, withholding tax is now becoming repressive...

    The tax is discouraging financial transactions through banking channels and badly affecting the bank deposit base that needs to expand in order to channelise savings into domestic investment and reduce external borrowings...

  • Traders to go on strike against withholding tax today

    LAHORE / ISLAMABAD: On a call given by all factions of the All Pakistan Anjuman-i-Tajiran (APAT), traders across the country would observe on Wednesday another strike in protest against imposition of 0...

    6 per cent withholding tax on banking transactions exceeding Rs50,000, it was announced on Tuesday...

  • Small traders protest against withholding tax

    3 per cent withholding tax imposed on them by the government on Wednesday...

    Now we are also expected to pay this withholding tax? Maybe our small protest wouldn’t bother the government but it will bother the people,” said Mohammad Nadeem, a mobile phones dealer...

  • Centre urged to review withholding tax

    QUETTA: The Baloch­is­tan Assembly through a resolution on Saturday asked the federal government to review its decision about withholding tax because it was affecting the business community and other account holders...

    Taking part in the debate on the withholding tax, Ms Bano, Mr Ziaratwal, Adviser to Chief Minister on Education Sardar Reza Muhammad Barach and opposition member Sardar Abdur Rehman Khetran urged the federal government...

  • Traders observe countrywide strike against withholding tax

    LAHORE: All eyes looked for any signs of cracks in the government’s resolve to bring the traders into the tax net as wholesalers and retailers observed another successful countrywide strike against the withholding tax on banking transactions by non-taxpayers on Wednesday...

    An impressive majority of traders kept their shutters down for the third time in a space of less than six weeks to put pressure on the government for the...

  • Withholding tax

    WHY should ordinary citizens be subjected to the withholding tax? I wonder sometimes whether this levy is even constitutional or moral...

    Why should people pay it, keep a record and later claim adjustment?It is like penalising and punishing the people to pay for the government’s inability and incompetence to levy and recover income tax directly from the quarters who refuse to pay...

  • Withholding tax

    6% withholding tax on bank transactions is something I refuse to pay...

    However, I couldn’t agree more with the idea that this is an economical solution to tax evasion in a country desperately in need of funds...

  • Withholding tax committee meets on Monday

    ISLAMABAD: Finance Minister Ishaq Dar has called a meeting of businessmen on Monday to review implementation status of the agreement regarding withholding tax on banking transactions...

    6 per cent withholding tax on banking transactions from July 1, 2015...

  • Traders’ group to observe strike today against withholding tax

    ISLAMABAD/LAHORE/KARACHI: Rejecting the government’s incentive package, one faction of the All Pakistan Anjuman-i-Tajiran (APAT) has announced that traders will observe a countrywide strike on Saturday against the imposition of withholding tax on banking transactions of over Rs50,000 for non-filers of income tax returns...

    The Lahore-based APAT faction led by Naeem Mir, which had signed an agreement with the FBR under which the tax on...

  • Problematic withholding tax on wheat trading

    As part of the move to collect agriculture turnover tax revenue of an estimated Rs15bn per year, the Federal Board of Revenue intends to tighten the noose around wheat flour mills that are allegedly misusing a concession available only to the agriculture sector...

    5pc tax from non-filers of income tax returns on the procurement of wheat from grain merchants including intermediaries...

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