Tag Archives: Withholding Tax

LHC Blocks Retroactive Income Tax on Property Transactions The Lahore High Court (LHC) has ruled that the Federal Board of Revenue (FBR) cannot impose newly introduced income tax rates for late filers on past property transactions. The decision came after the Defence Housing Authority (DHA) filed a petition, challenging the FBR’s application of higher tax rates on deals closed in …

Karachi Wholesale Grocers Announce Market Closure in Tax Protest The Karachi Wholesale Grocers Association has announced a complete shutdown of Pakistan’s largest wholesale market on Saturday, August 31, to protest the government’s withholding tax policies. This decision followed an emergency meeting at Jodia Bazaar, where traders, importers, and exporters expressed their dissatisfaction with the tax measures. Consequently, the association’s move …