The rate of withholding tax ,in respect of payment on account of transportation of goods through goods transport vehicles shall be two per cent of gross amount

GOVERNMENT OF PAKISTAN Revenue Division Central Board of Revenue ***** Islamabad, the August 5, 2006 N O T I F I C A T I O N (Income Tax) S.R.O 794 (I)/2006.- In exercise of the powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the said Ordinance, namely:- In the aforesaid Schedule, in Part II, after clause (26), the following new sub-clause shall be added, namely:- “(27) The rate of withholding tax , as specified in Division III of Part III of the First Schedule, in respect of payment on account of transportation of goods through goods transport vehicles shall be two per cent of gross amount of the payment with effect from July1,2006.”. __________________________________________________________________________________________________________________________________________ [C.No. 1(10)WHT/2006] (Salman Nabi) Additional Secretary/ Member (Direct Taxes)