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Withholding tax rates on payment for goods and services during Tax Year 2019

The following are the rates reserved are used when the cost of the goods and services under section 153 of the Income Tax Ordinance, 2001. Under this section the agent could not be imposed under the law to collect withholding tax, and the establishment of a permanent human Pakistan separately at the time that the money paid. Withholding tax rates under Section 153 (I) (a): Sale kwelayisi, cotton seed oil and the oil for food percent tax should be 1.5 per cent of the value of perfection. Purchase by consumer ngabasabalalisi sellers to leave early will be two percent of the total amount if the company inamaphesenti 2.5% of the total amount if not the company. To the sale of any other goods: (I) in the case of a company to file return of income will suffer four percent and the tax deducted will be 8 percent non-files. (Ii) In the case of other companies, the tax filer will be 4.5 percent 9 percent of non-files. The FBR that no investor tax when payment is less than Rs75,000 consolidation ...

What is Point of Sale (POS) System?

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It is a real-time online system used to write sales documents that link the FBR system with the computerized sales program where Tier-1 vendors. young. A QR or barcode prints automatically on a merchant-generated invoice. Consumers can easily confirm their tax deduction with the 'Asaan App' installed on their smartphones. The use of the POS system will also complete periodic inspections on the FBR authorities system. November 2019. This app is available on all Android and iOS smartphones   Benefits of the POS system • You can get sales tax rebates if you shop from any textile or leather stores linked to the POS program • You can also confirm whether the sales tax you paid reaches the national line. For more information, you can visit the  FBR official website . Recommended blogs: How to become Filer in Pakistan How to apply for NTN online If you want to see more  blogs , visit our website.