Tax Book 2023

Deduction / Payment of Tax Chapter- 23

236Q

Payment

to

resident

for use

of

machine

ry &

equipme

nt

Omitted by Finance Act, 2022

236S

Dividend

in

Specie

Same provisions will be applicable here as are applicable above in this chart under section 150.

236V

Advance

tax on

extracti

on of

minerals

Omitted by Finance Act, 2021

236Y

Advance

tax on

persons

remitting

amounts

abroad

Every banking company shall collect advance

tax, at the time of transfer of any sum remitted

outside Pakistan, on behalf of any person who

has completed a credit card or debit card or prepaid

card transaction with a person outside Pakistan at

the rate specified in Division XXVII of Part IV of

the First Schedule.

1% for ATL

2% for Non

ATL

Nil Adjustable Every banking company

At the time of

transfer of

any sum

remitted

outside

Pakistan