WHO IS TAXABLE * All Persons, Companies etc. who’s Incomes are liable to income tax, are subject to Withholding Tax. * However, exempt entities like Educational Institutions, Government Ministries, ...

To prevent withholding tax (WHT) evasion and promote documentation, the federal government has decided to make it mandatory for withholding agents to immediately and directly deposit the tax collected ...

Interest was brought under WHT in order to make it a final tax and to administer collection more efficiently through financial institutions. This was the practice more than a decade and it was very ...

Islamabad: The Federal Board of Revenue (FBR) has witnessed a negative 0.2 percent growth in withholding tax collection from cash withdrawals from banks during 2020-21. According to the FBR’s year ...