Showing posts with label Pakistan Tax Increments. Show all posts
Showing posts with label Pakistan Tax Increments. Show all posts

Tuesday, June 25, 2013

Pakistan Imposes 5% Additional Tax on Telecom Services

Pakistan has announced to increase the tax rate on telecom services, a sector that is topping the taxed list, by 5 percent from July 1st, 2013.

According to Mr. Ishaq Dar, the Finance Minister, all telecom users will now have to pay 15 percent withholding tax, which was previously settled at 10 percent for last many years. Mr. Dar said that proposal has been incorporated into the finance bill after consultation with the concerned stakeholders.

Mr. Dar, in his briefing to National Assembly today, said that this increase in tax can be reimbursed to the customers as it is adjustable in the yearly financial assessment of the individuals.

List of Taxes on Cellular Services

After this increase in WHT, taxes on cellular services are as following: