Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Tax on Rent A Car
02-19-2015, 02:07 PM
Post: #7
RE: Tax on Rent A Car
Renting of Vehicles-Provisions of Section 50(4) are applicable;
following is the text of CBR's letter C.No 1(17)WHT/91 dated November 18,1992;-

"I am directed to refer to your letter dated 5-10-1992 on the subject and to say that renting of vehicles amounts to provision of services to which provisions of section 50(4) of the Income Tax Ordinance, 1979 are applicable. The payments for services are subject to deduction of tax @ 5%".

Rent a car is a service which doesn't fall under transport services, hence the higher rate of services will be applied. Company 8% and Others 10%

Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Messages In This Thread
Tax on Rent A Car - AbdulSamad - 08-11-2011, 07:52 PM
RE: Tax on Rent A Car - Jay - 02-19-2015 02:07 PM
[] - student_of_law - 08-11-2011, 08:26 PM
[] - AbdulSamad - 08-15-2011, 06:56 PM
[] - Information Consultant - 12-10-2011, 05:59 PM
[] - student_of_law - 12-10-2011, 07:54 PM
[] - Information Consultant - 12-11-2011, 12:32 AM

Forum Jump:


User(s) browsing this thread: 1 Guest(s)