Withholding tax agent authorized by tax authority is a person and entity responsible for deducting and depositing withholding tax on the following specific sections:
1- Withholding Tax deduction on Salary Section 149.
2- Withholding Tax deduction on Rent Section 155.
3- Withholding tax deduction on payment against goods or services Section 153.
The following withholding tax agent as prescribed by FBR:
- Person making withholding Tax on Salary Section 149.
- Every person paying salary to employees shall deduct tax as per rate mentioned under section 149.
- Persons responsible for withholding Tax on Rent Section 155.
- the Federal Government;
- A Provincial Government;
- Local Government
- A Company
- A Non-Profit Organization or a chartable Organization
- A diplomatic mission of foreign state or entity.
- A private educational institution, a boutique, a beauty parlour, a hospital, a clinic or maternity home.
- Individual or association of persons who are paying gross rent amounting to PKR 1500,000/= in a year or above.
- Any other person which board may notify for the purpose of the section
- Persons making withholding tax on payment of goods and services Section 153.
- the Federal Government;
- A Provincial Government;
- Local Government
- A Company
- A Non-Profit Organization or a charitable Organization
- Associations of Persons (AOPs) having a turnover amounting to PKR 100 million or above in the preceding tax year.
- Individual having a turnover that amounts to PKR 100 or more in the preceding tax year.
- Foreign contractors and consultants operating in Pakistan.
- Any other person which board may notify for the purpose of the section.
For Withholding Tax Rates and Other Services including NTN registration and Sales Tax Registration, STRN registration, SECP company registration and annual compliance, Tax Compliance Services and Tax Return Service, Corporate consultancy, Tax saving and Refund, tax advisory, tax audit, tax litigation etc, you may contact E-Tax Consultants.
