KARACHI: Federal Board of Revenue has announced to collect 6 per cent withholding tax from non-filer CNG station owners.
According to Withholding Tax Card for Tax Year 2017/2018, the CNG stations being the non-filers of income tax return are required to pay 6 percent withholding tax under Section 234A of Income Tax Ordinance, 2001 to person preparing gas consumption bill at the time of realization of gas consumption on charges. However, the withholding tax rate is four percent for filer of income tax returns.
