Tag: Rs40b

Pre-paid cell phone users robbed of Rs40b over WHT

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article image STAFF REPORT ISB: The pre-paid mobile phone users were robbed of by Rs. 40 billion, when 14 percent withholding tax was automatically deducted from every card recharge they made last year. The Federal Board of Revenue received Rs. 43 billion on account of withholding tax during 2014-15. Only 0.9 million out of 120 million total users deposited tax return claims and got back what they paid in advance. The remaining amount of more than Rs.40 billion was automatically confiscated by the…Read More

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