Lahore : The government has decided to squeeze more the common man to bring them in tax net in order to please the Lords of IMF. This time every man who does not fall in income tax net and is a non-filer,has to pay Rs 150 withholding tax on withdrawal ... Read More »
Lahore: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed grave concern over FBR’s inaction on section 38-B and withholding tax on bank transactions and urged the prime minister to intervene into the matter. The FPCCI Vice President & Regional Chairman Ch.Arfan Yousaf said that challenges to ... Read More »
Lahore: The Pakistan Economy Watch on Wednesday said withholding tax on bank transactions is illegal as well as unethical and violation of the basic rights of banked population. Government should not punish masses and the business community for the failure of FBR to broaden tax base, it said. The decision to ... Read More »
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 »
Lahore: The Pakistan Economy Watch (PEW) on Tuesday lauded the determination of Finance Minister Ishaq Dar on the issue of imposition of withholding tax on bank transaction terming it a great move.The steadfastness of the government will help Pakistan emerge as a self-reliant nation in the long run which must ... Read More »
Lahore : Pakistan Cricket Board today made the following statement in response to freezing of PCB bank account by FBR and recovery of withholding tax from the account. The PCB spokesman said that FBR did not serve any notice to PCB before recovering money from PCB bank account and an ... Read More »
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