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Tag Archives: WHT

FBR proposes introduction of 0.6% WHT on purchase of foreign currency

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed the introduction of 0.6% withholding tax (WHT) on the purchase of foreign currency and has sought to squeeze various expense allowances that industrialists get before computing their taxable income. The proposals have been made to generate an additional Rs40 billion in taxes from five measures during fiscal year 2020-21, starting July. It ... Read More »

WHT zone attaches bank account of Amir Steel Mill, recovers evaded tax

LAHORE: The Federal Board of Revenue (FBR) Withholding Tax (WHT) zone of Regional Tax Office (RTO) Lahore has recovered Rs 0.3 million by attaching a bank account of a tax evader. Sources said that tax evader Amir Steel Re-rolling Mill had not been depositing the due tax for more than a year. The WHT zone issued many notices to the tax ... Read More »

Non-collection of WHT on used cars caused Rs 100m loss: PAMADA

KARACHI: The Pakistan Automobile Assemblers Dealer Association (PAMADA) has urged the govt to collect Withholding Tax (WHT) on used cars at import stage which will ensure the revenue collection. Chairman PAMADA Iqbal Shah said that the government has lost over Rs 100 million in three months because FBR did not take any action in this regard as they could not ... Read More »

Quetta Customs collects Rs 261.37m in July

KARACHI: The Model Customs Collectorate (MCC) of Quetta has collected an amount of Rs261.37million in share of Customs Duty (CD), Sales Tax, Federal Excise Duty (FED) and Withholding Tax (WHT) in the month of July 2014. According to details, the Collectorate collected an amount of Rs33.77 million in share of CD in first month of fiscal year2014-15 with decrease of ... Read More »

Customs collects Rs 300.11m in Gwadar

KARACHI: The Model Customs Collectorate (MCC) of Gwadar has collected an amount of Rs 300.11 million in share of customs duty (CD), sales tax, federal excise duty (FED) and withholding tax (WHT) in the month of July-2014. According to the statistics, the Collectorate of Gwadar has collected an amount of Rs 58.87 million in share of CD in the first ... Read More »

MCC Appraisement-East collects Rs14,863m against Rs21,584m target

KARACHI: Model Customs Collectorate of Appraisement-East has collected total revenue of Rs 14,863 million in the month of May, 2014 against its set target of Rs 21,584.6 million with a shortfall of Rs 6,721.5 million. MCC Appraisement-East has collected revenue of Rs 4,149.9 million in share of customs duty against the set target of Rs 6,871 million with a difference ... Read More »