There is good news for Pakistanis as the Revenue Minister denied all reports related to the new tax on cash withdrawal.
New Tax on Cash Withdrawal is not imposed on non-filers, as revealed by Minister of State for Revenue Hammad Azhar. He denied all reports related to the tax on the transaction of Rs 25,000 and above. However, the 0.6% tax is still applicable on the transaction of over Rs 50,000.
Earlier, the news became viral that new tax on cash transaction from bank is implemented for over the transaction of Rs 25,000. Some sources claimed that the government has put another claim on non-filers to meet the current deficit.