The Supreme Court affirmed its earlier order for the government to return the withholding taxes
it charged on the PEACe bonds and pay additional interest for non-compliance with its previous ruling.
The Federal Board of Revenue (FBR) has proposed to withdraw a number of income tax exemptions in budget (2016-17) including reduced rates of withholding taxes
on supplies, services and contracts; dividend from agriculture income; reduced rates of withholding tax on supply of cotton lint, raw wool/rice, exemption on flying allowance; withholding tax on insurance premiums and claims; deletion of option to textile services providers to be assessed under minimum tax and withdraw exemption to the perquisites of judges of courts.
Everybody paid taxes through direct or indirect as follow Income Tax, GST, Capital Value Tax, Value Added Tax, Service Tax, Fuel Adjustment Charges, Petrol Levy, Excise Duty, Customs Duty, Octroi Tax, TDS Tax, Employment Status Indicator Tax, Property Tax, Stamp Duty, Aabiana, Ushr, Zakat, PTV Licence fee, CGT, Water Tax, Flood Tax, Professional Tax, Road Tax, Securities Transaction Tax (STT), Wealth Tax, Transient Occupancy Tax (TOT), Congestion Levy Compulsory Deduction, Super Tax and Withholding Taxes
The payment of withholding taxes
on all the allowances received by the justices, judges and employees of the country's courts will be investigated by the Bureau of Internal Revenue (BIR).
The Income Tax law is not easy to understand nor is it too difficult to grasp and, thus, in the new law we have explained withholding taxes
in more detail for better understanding.
Penalties and interest accrue on withholding taxes
not paid by the due date of Form 1042, even if the IRS grants an extension of time to file.
Hectic efforts are being made to realize the defaulted amount of Withholding Taxes
during current financial year.
In the Third Protocol to the Convention between Canada and the United States with Respect to Taxes on Income and Capital signed in 1995, the United States and Canada announced a general reduction in the withholding taxes
on dividends, interest, and certain royalties.
Despite the publicity about the "nanny tax" (which includes Social Security, Medicare (collectively, FICA) and federal unemployment tax (FUTA)), many household employers still pay their babysitters and housekeepers in cash, without withholding taxes
or filing the correct forms.
Trustee," a federal employee whose job it is to monitor a Chapter 11 proceeding for compliance with the bankruptcy code, to ascertain that all withholding taxes
are paid promptly, and to review monthly reports that must be delivered to the U.
This number must be used on all tax forms and will assure the correct application of withholding taxes
The Diet on Wednesday enacted a set of tax reform bills for fiscal 2001 featuring extended tax breaks for home loans and withholding taxes
on stock-trading capital gains with their passage through the House of Councillors.