What is Withholding Tax ?
Withholding Tax refers to the tax that the payer deducts at the time of making a Payment and Deposits it with the Federal Board of Revenue on behalf of the recipient.
List of Withholding Tax Sections – Deduction of Tax at Source under the Income Tax Ordinance, 2001 :
Section 149. Salary
Section 150. Dividends
Section 151. Profit on debt
Section 152. Payment to non-residents
Section 153. Payments for goods, services and contracts
Section 154. Exports
Section 154A. Export of Services
Section 155. Rent of immoveable property
Section 156. Prizes and winnings
Section 156A. Petroleum products
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