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WITHHOLDING TAX ON Imported Books (LIBRARY RATES)


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WITHHOLDING TAX ON Imported Books (LIBRARY RATES)
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Khanibrahim
Pak Newbie


Joined: 03 Oct 2012
Posts: 1

WITHHOLDING TAX ON Imported Books (LIBRARY RATES)
Dear All

I have purchased some imported books, on which i felt currency conversion rate are charged higher than open market forex rate or intra-bank forex rates.

Upon checking with National Library of Pakistan website it was found that rates are set by "Ministry of Education" including 6% as With holding tax.

Can any one tell me under which section (s) of Income Tax Ordinance - 2001 :

- I can adjust or claim this 6% as individual,
- From company's perspective, how they will treat and under which section of ITO - 2001 will they submit it to treasury ?


Looking forward to have reply soon.
Wed Oct 03, 2012 11:31 am View user's profile Send private message
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