اردو

Home / Practice / ACCA / Taxation (Pakistan) / TX Withholding tax rates from the tax tables

TX Withholding tax rates from the tax tables

Written by Saad Rahman (ACCA)

8 ACCA Taxation (Pakistan) questions with answers and explanations.

Printable worksheet with answer key

All questions with answers
  1. A company pays Rs. 800,000 for goods to a supplier that is a company on the ATL. What withholding tax is deducted at the general rate?

    • 1 Rs. 40,000
    • 2 Rs. 120,000
    • 3 Rs. 44,000
    • 4 Rs. 80,000
    Show answer

    Correct answer: Rs. 40,000

    The general rate for sale of goods to a company is 5%.

    Report a mistake

  2. An entity pays Rs. 1,000,000 for services that are not specifically listed, to a person on the ATL. What is the withholding tax?

    • 1 Rs. 150,000
    • 2 Rs. 75,000
    • 3 Rs. 300,000
    • 4 Rs. 40,000
    Show answer

    Correct answer: Rs. 150,000

    The rate is 15%.

    Report a mistake

  3. The same payment of Rs. 1,000,000 for services not specifically listed is made to a person not on the ATL. What is the withholding tax?

    • 1 Rs. 300,000
    • 2 Rs. 450,000
    • 3 Rs. 75,000
    • 4 Rs. 150,000
    Show answer

    Correct answer: Rs. 300,000

    The rate doubles to 30% for persons not on the ATL.

    Report a mistake

  4. What is the withholding rate in ACCA's table for IT services and IT-enabled services (payee on the ATL)?

    • 1 4%
    • 2 15%
    • 3 6%
    • 4 1.5%
    Show answer

    Correct answer: 4%

    Transport, software development, tracking and engineering services are at 6%.

    Report a mistake

  5. An individual receives gross rent of Rs. 1,000,000 from a person who must withhold tax. What is the tax withheld, using the table rates for individuals?

    • 1 Rs. 100,000
    • 2 Rs. 55,000
    • 3 Rs. 15,000
    • 4 Rs. 150,000
    Show answer

    Correct answer: Rs. 55,000

    Rs. 15,000 + 10% x (1,000,000 - 600,000) = Rs. 55,000.

    Report a mistake

  6. Gross rent of Rs. 2,500,000 is paid to an individual. What is the tax withheld?

    • 1 Rs. 625,000
    • 2 Rs. 280,000
    • 3 Rs. 205,000
    • 4 Rs. 155,000
    Show answer

    Correct answer: Rs. 280,000

    Rs. 155,000 + 25% x (2,500,000 - 2,000,000) = Rs. 280,000.

    Report a mistake

  7. What is the withholding tax rate on rent paid to a company (ATL), in ACCA's table?

    • 1 5%
    • 2 0%
    • 3 10%
    • 4 15%
    Show answer

    Correct answer: 15%

    Rent paid to individuals and AOPs follows a slab table instead.

    Report a mistake

  8. What is the withholding rate on export of goods in ACCA's table?

    • 1 Nil
    • 2 22% if not on the ATL
    • 3 5.5% if on the ATL
    • 4 11%, whether or not the exporter is on the ATL
    Show answer

    Correct answer: 11%, whether or not the exporter is on the ATL

    Export rates are the same for all persons.

    Report a mistake

More Taxation (Pakistan) topics