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Banks continue to deduct withholding tax on transaction from filers

Lahore: Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt on Sunday said some banks continue to deduct withholding tax (WHT) on transaction from filers which is illegal as well as unethical. The attitude of banks amounts to frustrate government’s move to boost revenue through enhanced taxation on transactions. The ... Read More »

Mistrust between taxpayers, collectors hurting growth: IWCCI

Lahore: Samina Fazil, founder President, Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Sunday said that withholding tax on bank transaction has been imposed without proper groundwork which has added to the problems of masses and business community. Income must be taxed but the newly introduced model of taxation ... Read More »

Some banks are taking the benefit of the prevailing confused situation on WHT : FPCCI

Lahore: Businessman Panel of the FPCCI on Friday said decision to impose withholding tax on bank transactions is unwise at best as it is against the rights of banked population and violation of tax principles. Government should not punish masses, business community, widows, pensioners and other vulnerable for the failure ... Read More »

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