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Tag Archives: Tax in Pakistan 2019

Withholding Tax Rates in Pakistan for 2018-19

A withholding tax also called as a retention tax, is an income tax that is paid to the government by the payer of the income rather than by the recipient of the revenue. The tax is then withheld or deducted from the revenue due to the recipient. People of Pakistan are now well aware of this tax. In 2018 it has been declared by the tax chat that withholding tax rates are so applicable to cash withdrawal services. For guidance, it is a kind of income tax that is applicable by using various type of bank services. Usually, the money goes to the government from the payer side. The importance of withholding tax rates in Pakistan (2018-2019) is due to its own adjustable and …

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