Deduction of WHT: Pipe maker fails to shift onus on tax dept LAHORE: A pipe manufacturer failed to shift onus on the tax department against deduction of withholding tax without... Published 02 Mar, 2024 04:16am
Business & Finance WHT return filing through agent not sufficient to prove tax payment: PRA LAHORE: The Punjab Revenue Authority (PRA) has established its tax demand by proving that mere filing of tax return... Published 14 Jan, 2024 03:13am
Print WHT transactions: FBR implements new documentation system Directs withholding agents to install and integrate fiscal electronic devices and softwares for carrying out any transactions liable to withholding tax Updated 23 Dec, 2023 07:43pm
Business & Finance ‘Some Discos claim tax credit without deducting WHT’ LAHORE: Some power distribution companies (Discos) are allegedly claiming tax credit without deducting and ... Published 05 Sep, 2023 06:22am
Print UoSC payment to NTDC: Tax dept issuing notices to Discos for not deducting WHT LAHORE: The Income Tax department is issuing notices to the power distribution companies (Discos) for not deducting... Updated 25 Aug, 2023 09:43am
Editorials What happens when cash reigns supreme? EDITORIAL: In the last decade, authorities had supposedly lent focus to expand documentation of the economy. But,... Published 16 Aug, 2023 05:50am
Business & Finance FBR required to expedite WHT audit of NHA to recover billions of rupees ISLAMABAD: In line with the order of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue’s (FBR)... Updated 24 Jul, 2023 06:47am
Print WHT deduction, monitoring: 34 banks declared SWAPS agents ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as ‘SWAPS’ agents (withholding agents) for the... Updated 18 Jun, 2023 10:05am
Business & Finance WHT system in banking sector: FTO unearths systemic gaps, loopholes ISLAMABAD: The Federal Tax Ombudsman (FTO) has unearthed systemic gaps and loopholes in the prevalent withholding ... Published 10 Jun, 2023 05:01am
Business & Finance ‘WHT levy based on invoice price’ PAMA voices its concern over budget proposal KARACHI: Local auto assemblers have expressed concerns over a budget proposal for the fiscal year 2023-24, which... Published 03 Jun, 2023 03:52am
Business & Finance Budget proposals: KCCI for adopting ‘novel’ approaches to economic challenge KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) firmly believes that that out-of-the-box solutions... Published 24 May, 2023 05:57am
Print Imposition of 10pc WHT on sale of shares: Expert identifies ‘serious’ legal flaws in proposed provision of bill ISLAMABAD: There are serious legal flaws in the proposed provision of the Finance (Supplementary) Bill, 2023 on... Published 19 Feb, 2023 03:19am
Print 10pc WHT imposed on sales of shares for documentation ISLAMABAD: The government has imposed a 10 percent withholding tax at the time of sales of shares of the companies... Updated 18 Feb, 2023 08:57am
Print Non-filers: Govt considering imposing WHT on banking transactions ISLAMABAD: The government is considering to impose withholding tax on banking transactions of non-filers of income... Updated 24 Jan, 2023 09:01am
Print Telecom sector: Ministry takes up WHT issue with Finance Division, FBR ISLAMABAD: The Ministry of Information Technology and Telecommunication has taken up the issue of withholding tax on... Updated 24 Nov, 2022 09:41am
Business & Finance WHT on passenger transport vehicles: FBR issues ‘legal’ clarification ISLAMABAD: Taking prompt action on transporters’ complaints, the Federal Board of Revenue (FBR) Wednesday night... Published 01 Sep, 2022 05:50am
Print Exam paper marking work: FTO terms 10pc WHT on teaching community ‘discriminatory’ ISLAMABAD: The Federal Tax Ombudsman (FTO) has declared that the imposition of 10 percent withholding tax by the... Updated 20 Aug, 2022 10:17am
Business & Finance FPCCI for cut in duty on polyester yarn KARACHI: Suleman Chawla, Acting President FPCCI, has proposed that custom duty on polyester filament yarn should be... Published 31 May, 2022 05:11am
Print WHT revision under study to reduce cost of doing business: FBR chief KARACHI: FBR Chairman Dr Ashfaq Ahmad Monday said the federal government is contemplating revising the Withholding... Updated 22 Mar, 2022 09:36am
Business & Finance WHT revision under study to reduce cost of doing business: FBR chief KARACHI: FBR Chairman Dr Ashfaq Ahmad Monday said the federal government is contemplating revising the Withholding... Published 22 Mar, 2022 05:21am
Business & Finance NA body told: There’s no change in tax, concessionary WHT regime for jewelers ISLAMABAD: Despite withdrawal of sales tax exemption on jewellery under the Finance (Supplementary) Act, 2022, there... Published 17 Feb, 2022 06:37am
Print Govt seeks a way to reduce WHT for Chinese IPPs ISLAMABAD: The Government is reportedly finding an innovative mode to reduce Withholding Tax (WHT) for Chinese IPPs... Updated 08 Feb, 2022 09:58am
Print Mobile phone calls: 10pc to 15pc WHT hike proposed ISLAMABAD: The government has proposed to increase withholding tax on mobile telephone calls from 10 to 15 percent.... Updated 31 Dec, 2021 10:19am
Print Discrepancies in manual data: FBR to switch real-time WHT collection from power consumers ISLAMABAD: Federal Board of Revenue (FBR) has decided to switch real time collection of withholding tax from... Updated 11 Dec, 2021 12:37pm
Print WHT on import of drones donated by China abolished ISLAMABAD: The Federal Board of Revenue (FBR) has abolished withholding tax on the import of drones donated by the... Published 02 Nov, 2021 03:50am
Print WHT collection: Decline from cash withdrawals from banks witnessed ISLAMABAD: The Federal Board of Revenue (FBR) has witnessed a negative 0.2 percent growth in withholding tax... Updated 17 Sep, 2021 09:51am
Print Wapda projects: AGP detects Rs3bn malfeasance in deduction, payment of WHT ISLAMABAD: The Auditor General of Pakistan (AGP) has detected discrepancies of around Rs3 billion in deduction and... Updated 24 Aug, 2021 01:30pm
Print Import of 61 items: WHT exemption extended up to Dec 31 ISLAMABAD: The Federal Board of Revenue (FBR) has extended period for exemption of withholding tax on the import of... Updated 14 Aug, 2021 11:44am
Business FBR to apply WHT on online marketplaces from next month LAHORE: The Federal Board of Revenue (FBR) has set September 1, 2021 as the effective date for the withholding of ... Published 13 Aug, 2021 04:44am
Business & Finance Cut in CGT, deletion of WHT positive for capital market: analysts KARACHI: With the reduction in Capital Gains Tax to 12.5 percent and deletion of WHT, the Federal Budget for FY22 is... Published 12 Jun, 2021 05:04am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn