Inland Revenue team briefs APTMA members about WHT

News Image

MG News | December 24, 2019 at 05:55 PM GMT+05:00

0:00

December 24, 2019 (MLN): A team of the Inland Revenue officers visited the All Pakistan Textile Mills Association (APTMA) Punjab on Tuesday to brief the Association members about the salient features of Withholding tax (WHT).

The Inland Revenue team explained the rationale and background for the imposition of WHT and their contribution in the overall taxation and economy of Pakistan.

It further elaborated that the purpose of WHT was not only to collect taxes in time but also to facilitate taxpayers in discharge of their tax liability in instalments spread over 12 months period, as the lump sum payment of the whole amount of tax incurs heavy financial burden on taxpayers.

The Inland Revenue team made a presentation about the adjustment of WHT and the method as well as payment of correctly calculated WHT to the exchequer.

The APTMA management thanked the team of Inland Revenue for sparing valuable time and educating members regarding correct and efficient discharge of tax liability as per law. It further hoped that such interactions between the two sides would continue in future to benefit the department and the members of the Association in future.

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,060.05
304.95M
-0.32%
-442.49
ALLSHR 84,631.61
866.72M
-0.53%
-448.30
KSE30 41,398.86
100.12M
-0.37%
-153.76
KMI30 191,139.93
81.45M
-1.13%
-2190.83
KMIALLSHR 55,785.28
417.40M
-0.94%
-530.03
BKTi 38,520.37
45.42M
0.06%
22.29
OGTi 27,768.62
6.77M
-1.31%
-369.76
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,105.00 120,695.00
116,660.00
-3130.00
-2.60%
BRENT CRUDE 68.88 69.37
68.60
-0.33
-0.48%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 0.00
0.00
-0.05
-0.05%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.53 67.09
66.27
-0.45
-0.67%
SUGAR #11 WORLD 16.41 16.44
16.25
0.11
0.67%

Chart of the Day


Latest News
July 15, 2025 at 03:14 PM GMT+05:00

EU faces 30% tariffs as Trump issues ultimatum


July 15, 2025 at 02:33 PM GMT+05:00

PACRA maintains entity ratings of Pak Elektron Ltd


July 15, 2025 at 02:11 PM GMT+05:00

Bank deposits increase 8.5% to Rs35.5tr in Jun


July 15, 2025 at 01:01 PM GMT+05:00

Zarea Board approves UAE subsidiary incorporation



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg