August 3, 2025 Islamabad, August 3, 2025 – The Federal Board of Revenue (FBR) has said that the withholding tax rate for sports persons has been enhanced to 15% from fiscal year 2025-26. The FBR issued Income Tax Circular No. 1 for 2025-26 to explain major changes brought through Finance Act, 2025 to amends provisions of the Income Tax Ordinance, 2001. The FBR said that withholding tax rates on non-categorized services under section 153 of the Income Tax Ordinance, 2001 applicable prior to Finance Act, 2025 were applied at the rate 9% and 11% for company and other than companies respectively. The rate of withholding for Sports Person was 10%. Similarly, under…