On 9 May 2019, the Pakistan Federal Board of Revenue 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 with a summary, the tax rates, the responsible party for deduction/collection, the timing, and the taxation status (final, adjustable, exceptions). For non-residents, the rates are summarized as follows:
- Dividends …