Bad News for Banking Customer | Withholding Tax on Bank Cash Withdraw | Tax on Cash Withdrawal
Channel: Business with Ali
Date: 2023-06-09

withholding tax on banking cash withdrawal  is imposed @0.6% and on credit card and debit card used for payments to foreign use tax is also increased.cash withdrawal from banks are now taxed at 5% for filers and 10% for non filers.budget 2023-24 introduced tax relief for overseas Pakistanis which eliminate tax on purchase of immovable property from foreign remittance
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