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TX Withholding tax rates from the tax tables
ACCA · Taxation (Pakistan) · 8 questions
Name: ____________________ Date: ____________
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?
- A Rs. 40,000
- B Rs. 120,000
- C Rs. 44,000
- D Rs. 80,000
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?
- A Rs. 150,000
- B Rs. 75,000
- C Rs. 300,000
- D Rs. 40,000
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?
- A Rs. 300,000
- B Rs. 450,000
- C Rs. 75,000
- D Rs. 150,000
What is the withholding rate in ACCA's table for IT services and IT-enabled services (payee on the ATL)?
- A 4%
- B 15%
- C 6%
- D 1.5%
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?
- A Rs. 100,000
- B Rs. 55,000
- C Rs. 15,000
- D Rs. 150,000
Gross rent of Rs. 2,500,000 is paid to an individual. What is the tax withheld?
- A Rs. 625,000
- B Rs. 280,000
- C Rs. 205,000
- D Rs. 155,000
What is the withholding tax rate on rent paid to a company (ATL), in ACCA's table?
- A 5%
- B 0%
- C 10%
- D 15%
What is the withholding rate on export of goods in ACCA's table?
- A Nil
- B 22% if not on the ATL
- C 5.5% if on the ATL
- D 11%, whether or not the exporter is on the ATL
Answer key
1. A, 2. A, 3. A, 4. A, 5. B, 6. B, 7. D, 8. D
The general rate for sale of goods to a company is 5%.
The rate is 15%.
The rate doubles to 30% for persons not on the ATL.
Transport, software development, tracking and engineering services are at 6%.
Rs. 15,000 + 10% x (1,000,000 - 600,000) = Rs. 55,000.
Rs. 155,000 + 25% x (2,500,000 - 2,000,000) = Rs. 280,000.
Rent paid to individuals and AOPs follows a slab table instead.
Export rates are the same for all persons.