Tag: withholding tax refund

Press Release

FBR asks banks to refund excess deduction of WT on transactions

July 14, 2015 The rate of Withholding Tax on bank instruments issued out of account has been reduced from 0.6% to 0.3% till 30 -9-2015, through Presidential Ordinance dated 11.7.2015. It has been reported to FBR that some of the banks are still deducting tax on bank instrument of non-filers @ 0.6%. FBR has directed […]

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