Accountancy Forum
withholding tax agent - Printable Version

+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4)
+--- Forum: Tax (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=8)
+--- Thread: withholding tax agent (/showthread.php?tid=10307)



withholding tax agent - mkamran1976 - 09-02-2011

Dear All Member

Please explain is there any turnover limit for a Private Limited company to become with holding agent, as AOP is required to become withholding agent on turnover over 50 million. please explain

regards,
M.kamran


- student_of_law - 09-06-2011

According to s.153(7) , every company, irrespective of its turnover, has to withhold tax, in respect of the transactions mentioned in s.153