ISLAMABAD: Federal Board of Revenue (FBR) has decided to deduct 15 per cent withholding tax from royalty or fee of technical services being paid to a non-resident.
The FBR in its Withholding Tax Card 2017/2018 stated that under section 152(1) of Income Tax Ordinance, 2001 every person shall deduct 15 percent tax of the gross amount while making payments for royalties and fee for technical payments to non-resident at the time royalty or fee for technical services is actually paid.
The tax collected under this section will be final tax as per section 6 read with section 8 of the Ordinance, the FBR said.
