Fiscal and monetary coordination is attaining greater importance with the country’s evolving democracy, creating new challenges for economic progress and with prudent monetary management becoming even ...

To prevent withholding tax (WHT) evasion and promote documentation, the federal government has decided to make it mandatory for withholding agents to immediately and directly deposit the tax collected ...

Interest was brought under WHT in order to make it a final tax and to administer collection more efficiently through financial institutions. This was the practice more than a decade and it was very ...

KARACHI: Fleet operators, goods transporters, advertisers and yarn merchants on Monday strongly criticised the federal government’s decision to increase the withholding tax (WHT) on specified services ...

The present draft tax proposals states that the introduction of With Holding Tax (WHT) would be only an advanced deduction, and the Payees will be subjected to file Tax returns each year and make the ...

Withholding Tax (WHT) is not a distinct tax type and therefore has no legislation of its own. It is only a mechanism for the collection of other taxes. Consequently, its application is provided for in ...