Finance Minister accords anticipatory approval to amend 0.6percent withholding tax rate on banking transactions to 0.3percent in respect of non-filers till 29th February 2016 : AsiaNet-Pakistan

Finance Minister accords anticipatory approval to amend 0.6percent withholding tax rate on banking transactions to 0.3percent in respect of non-filers till 29th February 2016

January 30, 2016 | Press Information Department | Share:

Islamabad, January 30, 2016 (PPI-OT): Finance Minister, Senator Mohammad Ishaq Dar as Chairman, ECC here on Saturday accorded anticipatory approval to amend 0.6% withholding tax rate on banking transactions to 0.3% in respect of non-filers till 29th February 2016. It may be mentioned that the Income Tax Amendment Act 2016 empowers the Federal Government to amend the rate of 0.6% on the recommendation of the ECC.

The Minister also gave approval for extending the date for filing of tax returns by Individuals and Associations of Persons till 29th February. In addition the last date for filing of tax returns by traders under the Income Tax (second amendment)/Act, 2016, the last date has also been specified as 29th February 2016. The decisions have been taken to provide maximum facilitation to taxpayers.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326
Email: piopid@gmail.com

Tags:

Category: Press Information Department