WHT
More News
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Withholding tax: Low-risk money market funds suffer
People have turned to high-risk equity funds due to WHT and low interest rates
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Govt likely to double WHT on cash withdrawals
FBR wants to collect an additional Rs3b through this proposal
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Traders remain divided
Some say they will file returns; others continue to get irked by withholding tax
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WHT constitutes 70% of total income tax collection
Raises question mark on FBR’s efficiency, govt’s reliance on indirect taxation
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To increase revenue: The govt’s only tool; increase rate of withholding tax
Instead of increasing tax base, authorities are looking at short-term measures
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0.3% withholding tax: Facilities, loopholes aiding tax evasion
FBR takes up issue with SBP governor, meeting of banks’ presidents likely to be called
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Withholding tax: Traders to hold protest tomorrow
They decided to set up a 36-member supreme council to hold protests against the tax
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Traders start preferring cash transactions, informal channels
Hundi and Hawala used as alternatives to bank dealings to avoid WHT
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Raising voices: Traders observe second strike against withholding tax
The campaigners protested against the imposition of withholding tax on banking transactions
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Traders’ strike: ‘Withdraw withholding tax now’
In Faisalabad, most shops in eight main bazaars were closed
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Losing Money: Anti-withholding tax protest to begin
HCCI on Thursday hosted a meeting with dozens of traders’ associations before announcing the protest
