The Government is Considering Increasing Taxes on Cash Withdrawals and Others

The Government is Considering Increasing Taxes on Cash Withdrawals and Others

The Government is Considering Increasing Taxes on Cash Withdrawals and Others

The FBR has negotiated with the IMF to expand the tax net. As part of the negotiations, the IMF approved FBR’s proposal to increase taxes on cash withdrawals. FBR seeks to increase the tax on cash withdrawals from 0.6 % to 0.9 %, increasing net revenue to Rs. 15 billion.  The government also considers increasing […]