Withholding Tax on Export Proceeds Section 154
Introduction Withholding tax on export proceeds is collected under Section 154 of the Income Tax Ordinance, 2001. Section 154 of the Income Tax Ordinance, 2001 enunciates as follows: Withholding Tax on Export Proceeds-Foreign Exchange “Every authorized dealer in foreign exchange shall, at the time of realization of foreign exchange proceeds on account of the … Read more