The Pakistan Federal Board of Revenue has published an updated withholding tax rates card for the various withholding taxes that apply in the country for both residents and non-residents. For each withholding tax, the rates card provides the relevant sections of the law and provisions, the tax rates, the responsible party for deduction/collection, the timing, and the taxation status (final, adjustable, exceptions). The main cross border domestic withholding tax rates are:
- Dividends - 12.5%
- I…