In the surge of tax reforms & better tax collection Federal government has shown a clear sign of abolishing more than 2 Dozen Withholding Taxes In The Upcoming Budget.
Currently, there are approx 40 withholding taxes in Pakistan’s current tax structure.
Federal Excise Duty on credit cards for 3-5 years. Whereas the upcoming finance bill is expected to facilitate the digital economy of the country. From cash withdrawals to supplies and salaries, withholding taxes most of these taxes will be abolished.