The banking industry in Pakistan has its own way of dealing with customers, under a seemingly tough regulator overseeing its… Read More
Despite Govt Policies, Top 10 Tax Contributors Are the Same as Last Year
Government’s tax policy has failed to increase the tax-base of Pakistan and top tax contributors have remained same in the… Read More
PTA Admits 12.5% Withholding Tax on Mobile Balance Recharge is High
Pakistan Telecommunication Authority (PTA) has admitted that the Withholding Tax of 12.5% on every mobile recharge is high because majority… Read More
Reality Check: Is Telecom the Highest Tax Paying Industry in Pakistan?
Telecom companies adjusted only Rs 5.9 billion as minimum tax /alternate corporate tax for the Tax Year 2015, revealed the… Read More
Higher Withholding Tax Rate on Non-Cash Transactions Extended by 3 Months
Yesterday on Wednesday, the Economic Coordination Committee (ECC) of the Cabinet approved the application of reduced income tax rate of… Read More
Cheques-Based Banking Transactions Fall After WHT Levy
After the announcement was made regarding the implementation of withholding tax on transactions on Rs. 50,000/- or more for non-filers, official… Read More
Withholding Tax on Bank Transactions to Stay at 0.3% Till February End
Finance Minister Mohammad Ishaq Dar, in his role as Economic Coordination Committee (ECC) chairman of the cabinet, has given approval… Read More
Pakistan Imposes 5% Additional Tax on Telecom Services
Pakistan has announced to increase the tax rate on telecom services, a sector that is topping the taxed list, by… Read More
Withholding Tax on Telecom Services Up by 1.5 %
I am sure you must have heard of recent presidential ordinances, according to which withholding tax was increased by 1.5… Read More