Withholding tax rates updated for telephone subscribers

 FBR has issued a withholding tax card 2020-2021 (renewed until June 30, 2020) incorporating an amendment to the Income tax Ordinance, 2001 of the Finance Act, 2020.

Under section 236 of the Income tax Ordinance, a 2001 person who repairs telecommunications / internet or issues / sells a prepaid mobile phone / Internet card will issue / collect a deductible tax on call registrars, Internet subscribers, Payment Cards buyers Internet, telecommunications and buyer of prepaid and prepaid phone cards or during the issuance or sale of prepaid cards.


The reserve tax rates must be:


(a) Telephone and Internet subscribers


The monthly fee is up to Rs, 1000: Nil


More than a thousand bills: Ten percent


(b) in the case of an internet, mobile and prepaid internet subscriber or prepaid debit card will be 12,5 percent the price or sale price of the prepaid internet card or prepaid phone card or units sale using any electronic form or in any other form.


Taxes collected / deducted will be adjusted by changing the tax liability payable.


Source: https://pkrevenue.com/withholding-tax-rates-updated-for-telephone-subscribers/

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