01/07/2024
π¨ Attention! Major Crackdown on Tax Non-Filers π¨
The Pakistani government is tightening the noose around non-filers with new measures in the 2024-25 budget. Key actions include:
Increased Withholding Tax:
Withholding tax on cash withdrawals for non-filers is set to rise from 0.6% to 0.9%.
Higher Taxes on Financial Transactions:
Transactions exceeding Rs50,000 in a single day through credit cards or ATMs will incur a 0.6% withholding tax.
Penalties on Mobile Top-Ups:
Non-filers will face a 90% withholding tax on mobile top-ups. Top up Rs100, get only Rs10 worth of credit!
Contact us now to file your returns and avoid these hefty penalties!
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