Collection & Deduction of Income Ax
Collection and Deduction of Income Tax at Source
(Withholding Agents
Perspective)
(Taxpayer’s Facilitation Guide)
Brochure – IR-IT-04
July 2011
Revenue Division
Federal Board of Revenue
Government of Pakistan
helpline@fbr.gov.pk
0800-00-227, 051-111-227-227 www.fbr.gov.pk Our Vision
To be a modern, progressive, effective, autonomous and credible organization for optimizing revenue by providing quality service and promoting compliance with tax and related laws
Our Mission
Enhance the capability of the tax system to collect due taxes through application of modern techniques, providing taxpayer assistance and by creating a motivated, satisfied, dedicated and professional workforce Our Values
Integrity
Professionalism
Teamwork
Courtesy
Fairness
Transparency
Responsiveness
For assistance and information on tax matters
Please contact our help line center through
Toll Free Telephone 0800-00-227
Telephone 051-111-227-227 or 051-111-227-228
Fax 051- 051-9205593
E-mail helpline@fbr.gov.pk or Visit our tax facilitation center (located in all major cities) or any tax office or Visit our website at www.fbr.gov.pk
Revenue Division
Federal Board of Revenue
Government of Pakistan
Section
Brochure – IR-IT-04
148
149
150
151
July 2011
INTRODUCTION
Income Tax Ordinance, 2001 makes it obligatory to collect and deduct tax at source on certain specified persons (listed in cross index withholding agent wise), commonly known as
―Withholding Agents‖ at a time when an economic activity takes place.. This brochure explains the provisions of the Income Tax
Ordinance, 2001 governing withholding tax in a simple and concise manner. It mainly revolves around the obligations of the withholding agents as to collection or deduction of tax at source, i.e. – o o o o o o o o o 152
153
Identifying the withholding agents;
Persons from whom tax is to be deducted or collected; Applicable rates
(Withholding Agents
Perspective)
(Taxpayer’s Facilitation Guide)
Brochure – IR-IT-04
July 2011
Revenue Division
Federal Board of Revenue
Government of Pakistan
helpline@fbr.gov.pk
0800-00-227, 051-111-227-227 www.fbr.gov.pk Our Vision
To be a modern, progressive, effective, autonomous and credible organization for optimizing revenue by providing quality service and promoting compliance with tax and related laws
Our Mission
Enhance the capability of the tax system to collect due taxes through application of modern techniques, providing taxpayer assistance and by creating a motivated, satisfied, dedicated and professional workforce Our Values
Integrity
Professionalism
Teamwork
Courtesy
Fairness
Transparency
Responsiveness
For assistance and information on tax matters
Please contact our help line center through
Toll Free Telephone 0800-00-227
Telephone 051-111-227-227 or 051-111-227-228
Fax 051- 051-9205593
E-mail helpline@fbr.gov.pk or Visit our tax facilitation center (located in all major cities) or any tax office or Visit our website at www.fbr.gov.pk
Revenue Division
Federal Board of Revenue
Government of Pakistan
Section
Brochure – IR-IT-04
148
149
150
151
July 2011
INTRODUCTION
Income Tax Ordinance, 2001 makes it obligatory to collect and deduct tax at source on certain specified persons (listed in cross index withholding agent wise), commonly known as
―Withholding Agents‖ at a time when an economic activity takes place.. This brochure explains the provisions of the Income Tax
Ordinance, 2001 governing withholding tax in a simple and concise manner. It mainly revolves around the obligations of the withholding agents as to collection or deduction of tax at source, i.e. – o o o o o o o o o 152
153
Identifying the withholding agents;
Persons from whom tax is to be deducted or collected; Applicable rates