WHT on services and supplies - 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: WHT on services and supplies (/showthread.php?tid=8875) |
WHT on services and supplies - Smahnz - 10-02-2010 whether it is necessary for every company to deduct withholding tax on supplies and services? what is rate for both? - nomanejaz2009 - 10-02-2010 ya it is necessary, rate are same, supplies 3.5% if exceeds 25000 per year, service is 6% on 10,0000 - Smahnz - 10-02-2010 so that means i m going to outsource the development of my website...so i must deduct 3.5% on the final payment? can you please guide me journal entry treatment in books of a/c - Anfal Shabbir - 10-02-2010 if u r 100 % exporter then u r exempt from withholding tax u/s 153 Anfal - Smahnz - 10-02-2010 no nature of our firm is advertising/web-delopment & PR....what will be position in this case? - Information Consultant - 10-04-2010 ur company fall under the defination of withhloding agent so u must deduct tax on ur payments. Web development per ap 6 % tax deduct karain gay . entry Web development expense debit Incometax payable credit Bank credit |