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Penalties Details On Couriers and Banks in Non Compliance on Ecommerce taxes in Pakistan
Here are the summary and calculation of penalties on failure to comply on ecommerce taxes withheld in Pakistan. Penalties Summary Table with Numerical Examples (Base Tax Liability: Rs. 500,000) Violation Penalty Calculation Total Penalty Amount Severity 1. Failure to Withhold Tax Tax Not Paid + 100% Penalty Rs. 500,000 + Rs. 500,000 = Rs. 1,000,000 ⚠️ Very High 2. Late Payment (30 Days) Default Surcharge = (KIBOR + 3%) ×...