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Sales Tax Special Procedure (Withholding) Rules, 2007. ... (Withholding) Rules, 2007; Sr.No Title 1 Sales Tax Special Procedure (Withholding) Rules, 2007 (amended up to 30th June 2015) 2 THE SALES TAX SPECIAL PROCEDURE (WITHHOLDING) RULES, 2007 UPDATED UPTO 05.08.2014 ... Federal Board of Revenue Govt of Pakistan.
SALES TAX SPECIAL PROCEDURE (WITHHOLDING) RULES, 2007. 1. Notification No. S.R.O. 660(I)/2007, dated 30th June, 2007.— In exercise of the powers conferred by sub-section (6) and sub-section (7) of section 3 2[, sub-section (4) of section 7 and clause (b) of sub-section (1) of section 8] of the Sales Tax Act, 1990, read with section.
Withholding is an act of deduction or collection of tax at source, which has generally been in the nature of an advance tax payment. It is an effective mechanism and important/timely source of revenue. Their contribution is about 41 percent of total direct tax revenues.
- The product codes will be defined under each HS-Code primarily by FBR in accordance with Customs Commodity Codes - In case, a product code is not available in the master list, the taxpayer will be able to add his product in an HS-Code
Sales Tax Special Procedure ( withholding) rules, 2007 6 (a) the Drawing and Disbursing Officer (DDO) preparing the bill for the accounting office shall indicate the amount of Sales tax withheld as prescribed above.
THE SALES TAX SPECIAL PROCEDURE (WITHHOLDING) RULES, 2007 UPDATED UPTO 05.08.2014. FBR -Federal Board of Revenue is the Revenue Division of Government of Pakistan tasked with collecting taxes & duties and administrating relevant legislation.
General rules. Tax must be withheld unless the recipient produces a Nil withholding tax certificate or the law specifically provides for exemption from tax withholding (For instance, in the case of banks where the Seventh Schedule categorically mentions that withholding provisions are not applicable to Banks).
