12-15-2024, 06:23 PM
Cash Withdrawals Now Taxed for Non-Filers
Boosting coffers and transparency, Pakistan has brought back cash withdrawal taxes for 2024. The aim? Encourage participation in the formal tax system by targeting those outside the net. Here’s what you need to know: Who pays? Anyone not on the active taxpayers’ list. How much? 0.6% on cash withdrawals exceeding Rs. 50,000 in a day (combined total). Why […]
https://taxationpk.com/cash-withdrawals-...on-filers/
Boosting coffers and transparency, Pakistan has brought back cash withdrawal taxes for 2024. The aim? Encourage participation in the formal tax system by targeting those outside the net. Here’s what you need to know: Who pays? Anyone not on the active taxpayers’ list. How much? 0.6% on cash withdrawals exceeding Rs. 50,000 in a day (combined total). Why […]
https://taxationpk.com/cash-withdrawals-...on-filers/