Rates or limits for tax on cash withdrawal from bank accounts not revised: FBR

Federal Board of Revenue has clarified that the Government has not revised rates or limits for tax on cash withdrawal from bank accounts and on issuance of cash denominated bank instruments.

Rejecting news appearing in some sections of media in this regard, FBR’s spokesperson said there has been no change in cash limits or tax rates in any of the two provisions of law.

He further clarified that these withholding provisions are applicable only to non-filers.

Source: Radio Pakistan