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   humayun
Wednesday, May 25, 2016 05:30 AM 
Reply: >
Dear guys. I want to ask a question as overseas pakistani. People like me are sending remittances from abroad and when we are doing transaction in pakistan, we have to give withholding tax against this money. This money is tax exempted or withholding tax is applicable on remittances. I dont know the current policy .if someone can answer this question i will be really thankful to him
Basit replied on Wednesday, May 25, 2016 05:50 AM 

kala qanoon is applicable regardless of source of income
shahbaz replied on Wednesday, May 25, 2016 05:51 AM 

you have to pay 0.3% withholding tax on both cases either pay cheque or withdraw cash.
Pakistan® replied on Wednesday, May 25, 2016 05:52 AM 

yes ..its applicable
Shuaib replied on Wednesday, May 25, 2016 05:54 AM 

Dear Humayun,

I am in the same boat as you are. What i understand is that
there is no tax on sending remittance... like if you are sending 10lac rupees from a gulf country to your PK bank account. it will be transferred the full 10lac amount to you PK account without any tax... NOW if you will make a transaction on this 10lac amount or part of it for any purpose like for property buying or for anything else. withholding tax would be applied. lesser for filer, bigger for non-filer.

Hope that helps
Flex01® replied on Wednesday, May 25, 2016 05:54 AM 

Withholding tax is applicable


People in Pakistan think that people workiig abroad,, get money hanging no trees,,so they should pay more in Pakistan :)
Adie replied on Wednesday, May 25, 2016 06:20 AM 

I do not think that there is direct with holding Tax on Foreign Remitannces.

It applies only when you/your family withdraw more than 50000 PKR in 1 day from their bank account.

To avoid this tax, just inform your family that do not withdraw more than 50000 in their bank account in 1 day (which is 0.6%).
Nabeel replied on Wednesday, May 25, 2016 09:26 AM 

Good discussion, but couldn't make out the facts.

Witholding tax is applicable how exactly to overseas pakistanis?
+ replied on Wednesday, May 25, 2016 09:26 AM 

Good discussion, but couldn't make out the facts.

Witholding tax is applicable how exactly to overseas pakistanis?
humayun replied on Wednesday, May 25, 2016 12:10 PM 

Thanx you very much dear friends for your quick and detailed reply
Jameel Mughal® replied on Wednesday, May 25, 2016 07:50 PM 

Overseas are exempted only from income Tax of income earned abroad, CVT, withholding tax, stamp duty, property tax,Capital gain Tax, Vat all are payable.
Income tax is also payable earned on the business/ rents in Pakistan.
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