Regulatory Alerts2014-03-04
Added · Updated
BRPD Circular Letter No. 05: Tax Deducted at Source on the payments to Port Inland Container Depot (ICD)/ Off-Dock Terminal /Container Freight Station.
The document clarifies that payers, including importers, exporters, freight forwarders, and corporate entities, must deduct tax at source at a rate of 10% for services such as staffing, container handling, transportation, documentation, and space allocation provided by Private ICDs, Off-Dock Terminals, or Container Freight Stations. This requirement is mandated under Section 52AA of the Income Tax Ordinance, 1984, resolving field-level confusion regarding the applicability of withholding tax on these specific port-related services.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Share