Karachi, September 15, 2024 – The Federal Board of Revenue (FBR) has updated the withholding tax rates on the usage of telephone and internet services for the tax year 2024-25. This update follows the release of the FBR’s withholding tax card for the current tax year, which outlines the applicable tax rates under Section 236 of the Income Tax Ordinance, 2001. For the tax year 2024-25, the FBR has announced the following withholding tax rates on telephone and internet services: 1. Telephone Subscribers (Non-Mobile): o For telephone subscribers, excluding mobile phone users, where the monthly bill exceeds Rs 1000, a 10% withholding tax will be applied on the portion of the bill exceeding this threshold. o This tax rate is targeted at landline users with higher billing amounts. 2. Mobile and Internet Subscribers (Including Prepaid Cards): o For users of mobile phones, internet services, and prepaid telephone or internet cards, a 15% withholding tax will be applied to the total bill or the sales price of the prepaid card. o This also includes the sale of units through any electronic medium, ensuring that tax is deducted on all forms of prepaid telecommunications and internet services. 3. Persons Listed in Income Tax General Order Under Section 114B: o For individuals and entities listed under Section 114B of the Income Tax Ordinance, 2001, a significantly…