ISLAMABAD: The federal government has made a reduction in withholding tax rate for mobile services from 12 per cent to 10 per cent in the budget 2021-22 day.
The government has decided to reduce the financial burden on the common citizen by cutting the WHT rate for mobile services. It has been suggested to implement the gradual deduction of WHT.
In the budget for the new fiscal year, federal excise duty (FED) has been imposed on over three-minute mobile phone calls, internet data and SMS. The federal authorities have decided to get reasonable revenue from the telecommunication sector following a visible development.
According to the government, a nominal tax will be imposed on a large portion of the population under the federal excise tax (FED).
