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Govt plans to abolish WHT on education, event fees Business March 7, 2021 KARACHI: The government planned to abolish withholding taxes on education and event fees in the budget for the next fiscal year in a move to lighten load of taxes on public, sources said on Saturday. Though the withholding tax is the major source of revenue collection for the Federal Board of Revenue (FBR), a number of withholding taxes generate insignificant revenue, according to the sources in the Large Taxpayers Office (LTO) Karachi. Therefore, the coming budget might see a removal of 8 to 10 withholding taxes, they said. The FBR planned to eliminate various withholding tax provisions in order to reduce burden on taxpayers and provide relief to masses.

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