Withholding Tax on Telecom Services Up by 1.5 %

You may be probably aware of the recent presidential regulations; following the ordinances the withholding tax was raised by 1.5 %, to be pertinent/deductible on the entire services as well as Telecom.

Based on this regulation, all prepaid cards and postpaid bills will be charged 11.5 % as withholding taxes (charges subtracted on balance top-ups). As demonstrated below:

1. Deduction on Card Load= 11.5 % Withholding Tax + 5% Services Charges = Rs.16.5