Interest was brought under WHT in order to make it a final tax and to administer collection more efficiently through financial institutions. This was the practice more than a decade and it was very ...

In many tax jurisdictions, dividend and bond interest payments made to foreign investors are subject to withholding tax (WHT), applied by the country where the security is domiciled. The purpose of ...

To prevent withholding tax (WHT) evasion and promote documentation, the federal government has decided to make it mandatory for withholding agents to immediately and directly deposit the tax collected ...

Currently, the Federal Board of Revenue relies mainly on withholding tax for collection of direct taxes. The share of withholding taxes (WHT) in the overall target for financial year 2011-12 was at 59 ...

Magdalena Marciniak and Gniewomir Parzyjagła of MDDP explain how Poland’s master file requirements increasingly influence withholding tax outcomes and why aligning group documentation with local rules ...

The present draft tax proposals states that the introduction of With Holding Tax (WHT) would be only an advanced deduction, and the Payees will be subjected to file Tax returns each year and make the ...

The government is considering increasing the withholding tax (WHT) on cellular services from 10% to 15% in the upcoming mini-budget. The move is in direct conflict with the reduction in tax on phone ...

QUESTION: I heard there are changes to how interest is paid between EU Group Companies following Brexit, can you advise what I should consider when interest is paid between my UK and Irish companies?

ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as ‘SWAPS’ agents (withholding agents) for the deduction and monitoring of withholding taxes under various provisions of the Income ...

The State Bank of Pakistan (SBP) has strongly proposed that withholding tax on cash withdrawals and banking transactions of tax filers may be reduced and withholding tax shall be charged to non-filers ...

On December 21, 2021 new provisions amending both the Income Tax Law and the Special Contribution for the Defence of the Republic Law (SCD Law) were published in the Official Gazette of the Republic.