Finance Act 2014

Published October 30, 2014

THIS refers to the Finance Act 2014 wherein a distinction between filers and non-filers has been made for the deduction and payment of withholding taxes from 10pc to 15pc.

However, there are thousands of overseas Pakistanis, dual nationals and foreign nationals or their families and dependants living in Pakistan.

Overseas Pakistanis bring foreign exchange to the country and contribute to programmes such as ‘Qarz Utaro Mulk Sanwaro’. They pay taxes according to the policy of their country of residences and they are non-filers because the sources of their income are outside Pakistan.

In view of the above, the Finance Act 2014 has not clarified their status in terms of deductions/payments of the increased withholding taxes on investments or purchase of vehicles etc.

It would benefit all such people if a clear guideline is issued about this.

Overseas Pakistani
Saudi Arabia

Published in Dawn, October 30th, 2014

Opinion

Editorial

Return to the helm
Updated 28 Apr, 2024

Return to the helm

With Nawaz Sharif as PML-N president, will we see more grievances being aired?
Unvaxxed & vulnerable
Updated 28 Apr, 2024

Unvaxxed & vulnerable

Even deadly mosquito-borne illnesses like dengue and malaria have vaccines, but they are virtually unheard of in Pakistan.
Gaza’s hell
Updated 28 Apr, 2024

Gaza’s hell

Perhaps Western ‘statesmen’ may moderate their policies if a significant percentage of voters punish them at the ballot box.
Missing links
Updated 27 Apr, 2024

Missing links

As the past decades have shown, the country has not been made more secure by ‘disappearing’ people suspected of wrongdoing.
Freedom to report?
27 Apr, 2024

Freedom to report?

AN accountability court has barred former prime minister Imran Khan and his wife from criticising the establishment...
After Bismah
27 Apr, 2024

After Bismah

BISMAH Maroof’s contribution to Pakistan cricket extends beyond the field. The 32-year old, Pakistan’s...