The Federal Board of Revenue (FBR) requires withholding agents in Pakistan to submit tax deduction and collection statements under Section 165 of the Income Tax Ordinance, 2001, for Tax Year 2027.
These statements help the FBR monitor tax collected at source and ensure that businesses, employers, and other withholding agents fulfil their reporting obligations. The requirements include taxpayer identification details, payment records, tax deductions, and prescribed filing deadlines.
What Is a Withholding Tax Statement?
A withholding tax statement is a report submitted to the Commissioner Inland Revenue detailing payments made and tax collected or deducted during a specified period.
Under Section 165, the statement generally includes:
- Name and CNIC number of each relevant person.
- National Tax Number (NTN) and address.
- Total payments made during the reporting period.
- Amount of tax collected or deducted.
- Other information required under the prescribed format.
Accurate reporting helps businesses maintain transparent tax records and meet their statutory obligations.
Quarterly Withholding Tax Statement Deadlines for 2027
Withholding agents should observe the following quarterly filing deadlines for Tax Year 2027.
| Quarter Ending | Filing Deadline |
|---|---|
| September 30, 2026 | October 20, 2026 |
| December 31, 2026 | January 20, 2027 |
| March 31, 2027 | April 20, 2027 |
| June 30, 2027 | July 20, 2027 |
Businesses should prepare their payment and deduction records in advance to avoid delays and incomplete submissions.
Are Statements Required When No Tax Is Deducted?
Generally, withholding tax statements must also be filed when no tax has been collected or deducted during the relevant period, subject to the applicable statutory exception for information furnished under Section 165A.
Withholding agents should review their reporting obligations rather than assume that a period without deductions automatically removes the filing requirement.
Can a Withholding Tax Statement Be Revised?
Yes. Section 165 allows a withholding agent to submit a revised statement within 60 days of filing the original statement to correct omissions or inaccurate information.
This provides an opportunity to address reporting errors and maintain accurate tax records. Withholding agents should review statements carefully before submission and promptly correct any identified discrepancies.
Annual Statements and Reconciliation Requirements
Certain prescribed withholding agents must also electronically submit annual withholding tax statements within 30 days after the end of the tax year.
They are additionally required to reconcile annual withholding figures with the amounts declared in their income tax returns, audited accounts, or financial statements by the applicable return-filing deadline.
Maintaining consistent records across these documents can help businesses identify discrepancies and strengthen tax compliance.
How Xact Legal Can Help
Xact Legal provides professional tax and legal advisory services to individuals and businesses in Pakistan. Our team can help businesses understand withholding tax reporting requirements, organise tax documentation, review filing obligations, and address compliance concerns.
Contact Xact Legal for professional guidance on withholding tax statements, FBR compliance, and business taxation.