A new status authorizes the telecom sector to adjust withholding tax on the import of equipment

The Federal Board of Revenue (FBR) has notified that the status of the telecommunication sector as an industrial undertaking will enable the telecom companies to adjust withholding tax deducted on the import of capital equipment, plant, and machinery for their use. Till now, the telecom sector was paying 12.5% advance income tax and 17% federal […]