Tax collection from cash withdrawal falls by 52 percent

ISLAMABAD: The collection of withholding income tax from cash withdrawal from banks fell by 52 percent during first half of the current fiscal year as the government withdrew the levy on active... Read more »

No tax on cash withdrawal from banks on active taxpayers: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said that there is no tax on cash withdrawal from banks for those whose names are on the Active Taxpayers List (ATL). Read more »

Persons on ATL exempted from tax on cash withdrawal

ISLAMABAD: There is no withholding tax on cash withdrawal from banking system by a person, whose name is appeared on Active Taxpayers List (ATL), officials in Federal Board of Revenue (FBR) said... Read more »

Cash withdrawal tax card: updated for Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has issued updated up to March 09, 2019 for withholding tax rate on cash withdrawal from banking system. Read more »

FBR amends requirement of cash withdrawal information by banks

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued new instructions to banks regarding providing details of cash withdrawal by filers and non-filers. Read more »

No change in tax rates on cash withdrawal: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said that the government has not revised rates or limits of withholding tax on cash withdrawal from banks. Read more »

Foreign Remittances: Non-filers get exemption on cash withdrawal

KARACHI: The government has granted exemption from deduction of income tax on cash withdrawal by non-filers from Pak Rupee bank accounts, which have been opened for receiving foreign remittances. Read more »

Reform package exempts withholding tax for rupee accounts receiving foreign remittances

KARACHI: The new reform package has allowed exemption from collection of withholding tax on cash withdrawals from a bank account maintained in local currency where deposits are made through foreign remittances. Read more »

Only non-filers to pay withholding tax on cash, non-cash banking transactions

KARACHI: The government has facilitated compliant taxpayers by abolishing withholding tax on cash withdrawal from banks by filers of income tax returns. Read more »

Reform Package 2019: Withholding tax on cash withdrawal for filers abolished; super tax withdrawn; non-filers allowed purchase of motor vehicles

ISLAMABAD: Finance Minister Asad Umar on Wednesday presented economic reform package for promoting investment and exports. Read more »