Taxation on PAYONEER withdrawls- Pakistani community Please help

subhan04subhan04 Member Posts: 2
Dear friends,

I am a freelancer and I am from PAKISTAN. I receive payments to my payoneer account from fiverr and then I withdraw through my card. I want to ask that withdraw through payoneer card is considered as a foreign remittance or not? As per pakistan tax law all foreign remittance is exempt from tax. So can we show this income to FBR and can claim for tax exempt purpose? or FBR will treat payoneer amount completely taxable like other local banks? Please help!

Comments

  • maaizmaaiz Member Posts: 31 ✭✭
    Kindly read the said discussion for getting your answer

    http://community.payoneer.com/en/discussion/comment/120421/#Comment_120421
  • waqarhanwaqarhan Member Posts: 6
    edited January 2017
    additional information: Your TIN or NTN (tax number) = your CNIC number these days.
    You can use your CNIC if you have no tax number.
  • unstopabl3unstopabl3 Member Posts: 13 ✭✭
    > @maaiz said:
    > Kindly read the said discussion for getting your answer
    >
    >

    Hi "maaiz" I've withdrawn a couple of payments from my Payoneer account to my local bank and it shows as " 1Link-Atm Inter Bank Transfer " on the bank statement which is similar to what you see when somebody sends you money from a local bank account to your bank account.

    So my question is what evidence do we have to prove that this is foreign remittance? There are no transaction details on the bank statement and no mentioning of Foreign Transfer or Remittance.

    Hope you get what I'm trying to say.

    Thanks
  • maaizmaaiz Member Posts: 31 ✭✭
    unstopabl3 Thanks for your message. According to my information and experience with HBL it is considered HOME REMITTANCE as there is no link of local amount transferring for the said type of transaction. However in both cases you should not worried about this matter as every transaction is made by proper banking channel and you have proper record in respect of Bank Statement. i request to all other users please dont create "hype about tax" . it is simple home remittance and individual income figures are very small earned by freelancing, online portals etc. i never find a single person on this portal ( Pakistan Community) who show screen shot of withdrawal above 3 thousand per month and even it is considered home remittance instead of commercial. So kindly relax free. you have bank statements and it is bank responsibility to show that how they get funds in front of concerned authorities if any. Last answer for all users. there is ZERO TAX for receiving payment via payoneer through bank transfer as said amounts are considered " HOME REMITTANCE"
    Just relax all brother & sisters about this and "hype about tax" should be closed now as very detailed and logical answers are given here and all concerned sections.
    Regards
  • princeali7princeali7 Member Posts: 3
    This is not a way to end the tread, we should ask Payoneer to send payment in proper banking way so we can ask our bank for Remittance Certiface to File our taxes.

    Please guy get active here so you can this done
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