Withholding Tax Compliance Services in Pakistan

WITHHOLDING TAX

Withholding is an act of deduction or collection of tax of a taxpayer by a withholding agent. Withholding tax is basically an advance payment of tax at source, which is deducted or collected by the withholding agent and deposited in Government Treasury on behalf of the taxpayer.

Withholding Tax Regime includes Withholding Income Tax as well as Withholding Sales Tax and its application is steadily extending through introduction of different provision in tax laws. IBI provides comprehensive withholding tax consultancy and timely withholding tax compliance.