Placeholder image

FBR Press Release

Latest FBR Releases

FBR asks banks to refund excess deduction of WT on transactions

The rate of Withholding Tax on bank instruments issued out of account has been reduced from 0.6% to 0.3% till 30 -9-2015, through Presidential Ordinance dated 11.7.2015.
It has been reported to FBR that some of the banks are still deducting tax on bank instrument of non-filers @ 0.6%. FBR has directed the banks that if any bank has still deducted tax @ 0.6% on 13th of July, 2015 onwards, the excess amount must refunded/adjusted immediately

Shahid Hussain Asad
Member (Inland Revenue Policy Official Spokesman of FBR
Jul 14, 2015
Copyright © . All rights reserved. Federal Board of Revenue Govt of Pakistan.