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tax rate on cash withdrawals

Budget alert: Tax on big cash withdrawals by non-filers set to double

June 2, 2025 by Attia Naveed

The government is planning to increase taxes on non-filers who withdraw large amounts of cash daily. According to sources at the Federal Board of Revenue (FBR), the withholding tax rate on cash withdrawals above Rs50,000 may rise from 0.6% to 1.2%. This step aims to encourage more people to register as taxpayers and reduce cash […]

Filed Under: Business Tagged With: Federal Board of Revenue (FBR), Latest, sales tax on small cars, tax rate on cash withdrawals, taxes on non-filers, upcoming budget

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