Professionals working from home The federal government through | Regulatory Updates Of Pakistan

Professionals working from home
The federal government through the ordinance introduced an additional withholding tax ranging between 5pc and 35pc to be collected from professionals including accountants, lawyers, doctors, dentists, health professionals, engineers, architects, IT professionals, tutors, trainers and other persons engaged in provision of services not appearing on active taxpayers list and operating from residential premises having domestic electric connections from distribution companies (Discos).

The tax collected in this case from domestic consumer will be adjustable, but it has not been clarified how Discos will identify those professionals working from domestic premises.

The FBR can direct the gas and power distribution companies for discontinuing the supplies to any person, including tier-1 retailers, who fail to register for sales tax purpose; or notified tier-1 retailers registered but not integrated with FBR’s computerised system. However, upon registration or integration, the FBR will notify the restoration of their gas or electricity connection through Sales Tax General Order.

Through the ordinance, the penalties were revised upward massively for those who fail to integrate their businesses with the FBR. The minimum penalty is Rs500,000 for the first default and a maximum of Rs3 million for a third default. If such person fails to integrate his business within 15 days of imposition of penalty for a fourth default, his business premises will be sealed till such time he integrates his business.

Source: DawnNews
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