Monday , April 19 2021
Breaking News
Home / Tag Archives: withholding taxes (WHT)

Tag Archives: withholding taxes (WHT)

FBR eyes Rs235b from SROs’ withdrawal, hike in tax

ISLAMABAD: The withdrawal of tax exemptions through Statutory Regulatory Orders (SROs), increase in tax rates and other revenue measures are projected to generate an additional Rs235 billion in 2014-15 to meet the estimated Rs2,810 billion tax collections next fiscal year. As per reports, the Ministry of Finance and the Federal Board of Revenue (FBR) have finalised budget proposals for 2104-15. ... Read More »

Raise in WHT on power, gas bills on the anvil

ISLAMABAD: The Federal Board of Revenue (FBR) is seriously contemplating increasing the withholding tax rates on electricity and gas bills and on cash withdrawal from banks in the upcoming budget 2014-2015. As per details, the FBR will broaden tax base by brining non-taxpayers into the tax net in budget 2014-2015. Therefore, the government is considering some measures to compel the ... Read More »

Budget 2014-15: Rs255b new taxes to reduce deficit

ISLAMABAD: In order to bring down the budget deficit the government is expected to introduce new taxes in the upcoming budget that are expected to yield an estimated Rs255 billion. Sources said that the reduced budget deficit is set at 4.8 per cent in the fiscal year 2014-15, currently 5.7 per cent. New taxation measures may include an increase in ... Read More »

April 2014: MCC Appraisement-East records shortfall of Rs6.95b

KARACHI: Model Customs Collectorate of Appraisement-East has lagged behind its revenue collection target set by the Federal Board of Revenue for the month of April, 2014. According to the sources, the FBR had set a revenue target of Rs 20,036.92 million for the month of April, 2014 for MCC Appraisement-East in share of customs duty, sales tax, withholding tax and ... Read More »

FATE holds WHT agents specific workshop in Faisalabad

FAISALABAD: Federal Board of Revenue has held a workshop at Regional Tax Office (RTO), Faisalabad on e-portal services and role & responsibilities of withholding agents. Chief Commissioner Shaukat Mahmood of RTO Faisalabad hosted the workshop and welcomed Member Facilitation and Taxpayer Education Wing (FATE) Riffat Shaheen Qazi. Riffat Shaheen in her opening remarks appreciated the withholding agents active participation in ... Read More »

FBR holds taxpayers facilitation workshop in Lahore

LAHORE: Federal Board of Revenue has held an interactive workshop at Directorate of Training (DOT), Lahore to interact with the withholding agents.The roles and responsibilities of withholding agents were explained in depth. Awareness of e-services extended to them through FBR’s portal was elaborately explained. Chief Commissioner Shafqat Mahmood of RTO-I Lahore hosted the workshop. He welcomed the chief guest Riffat ... Read More »

WHT collection stands at 65.5pc in 1HFY14

ISLAMABAD: The Federal Board of Revenue (FBR) is collecting only 30 to 35 percent of total direct taxes through its own efforts while 65 to 70 percent revenue is being collected through withholding taxes (WHT) deducted at source. As per details, the scope of WHT has been considerably increased in the budget for fiscal year 2013-14 resulting in automated increase ... Read More »