Pakistan Amends Rules on Withholding Tax Remittance

The Pakistan Federal Board of Revenue has published Notification S.R.O. 255 (I)/2017 on the amendment of the Income Tax Rules, 2002 regarding the remittance of tax withheld. The amendment provides that where tax has been collected or deducted at source by a person other than the Federal or Provincial Government, the tax amount must be remitted to the Treasury or deposited in the State Bank or National Bank of Pakistan within seven days from the end of the withholding week (ending Sunday). Fo…