FBR Grows WHT Collection from Most Sectors and Categories in FY 2017-18

The amount of withholding tax collected from cash withdrawals from banks has registered an increase of Rs 3.051 billion this year. WHT amounted to Rs 34 billion during 2017-18 as compared to Rs 30.487 billion in 2016-17, reflecting a growth of 11.5% YoY.

The FBR has collected Rs 218.759 billion as withholding taxes from imports during 2017-18 as compared to Rs 259.539 billion in 2016-17, showing a loss of 18 percent.

The withholding tax collection from salaries stood at Rs 133.362 billion during 2017-18 against Rs 111.188 billion in 2016-17, reflecting a growth of 19.9 percent.

The FBR has collected Rs 57.847 billion withholding taxes from dividends during 2017-18 as compared to Rs 49.489 billion last year, showing a growth of 16.9 percent.

The FBR has collected Rs 47.382 billion withholding taxes from telecoms sector during 2017-18 as compared to Rs 51.773 billion last year, showing a loss of 8.5 percent.

The FBR has collected Rs 45.646 billion withholding taxes from bank interest during 2017-18 as compared to Rs 42.595 billion during 2016-17, showing a growth of 7.2 percent.

The FBR has collected Rs 34.003 billion withholding taxes from cash withdrawals from banks during 2017-18 as compared to Rs 30.487 billion during 2016-17, showing a growth of 11.5 percent.

The FBR has collected Rs 33.832 billion withholding taxes from electricity during 2017-18 as compared to Rs 25.840 billion during 2016-17, showing a growth of 30.9 percent.

The FBR has collected Rs 28.279 billion withholding taxes from export during 2017-18 as compared to Rs 24.252 billion, showing a growth of 16.6 percent.

The FBR has collected Rs 26.060 billion in withholding taxes from technical fees during 2017-18 as compared to Rs 24.333 billion during 2016-17, showing a growth of 7.1 percent.



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