Pakistan: FBR publishes the guideline on withholding taxes

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Recently, the Federal Board of Revenue (FBR) has published the guideline on withholding taxes updated up to 22 March 2017. The guideline covers all requirements for both final and non-final withholding taxes under the territory of Pakistani tax law.

The following items are summarised in the guideline:

  • The applicable tax rates;
  • the persons liable to withhold tax;
  • the person to whom withholding tax is charged;
  • the relevant withholding tax legislation under the Income Tax Ordinance 2001;
  • the time at which the withholding tax is imposed;
  • the deadline for remitting the withholding tax; and
  • the question as to whether the withholding tax is a final tax.

However, if any inconsistencies exist between the guideline and the Income Tax Ordinance 2001, the Income Tax Ordinance 2001 will prevail.

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