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š¢ Massive Tax Hike Alert: 90% Tax on Mobile Recharges for Non-Filers in Pakistan!
In a bold push to boost tax compliance, the FBR has proposed a 90% withholding tax on mobile top-ups for non-filersāup from just 2.5%.
That means: Recharge Rs100, get only Rs10!
To enforce this, over 500,000 non-filers have been identified. So far, 11,500 SIMs have already been blocked, with more on the chopping block.
The move is part of the Federal Budget 2024ā25, pending approval. If passed, it kicks in on July 1, 2024.
Public backlash is growing, with social media erupting over the steep financial pressure this puts on citizens.
Bottom line: File your taxes or face the charge.
#Pakistan #FBR #MobileTax #NonFilers #TaxAlert #Budget2024 #TelecomNews #StayInformed
In a bold push to boost tax compliance, the FBR has proposed a 90% withholding tax on mobile top-ups for non-filersāup from just 2.5%.
That means: Recharge Rs100, get only Rs10!
To enforce this, over 500,000 non-filers have been identified. So far, 11,500 SIMs have already been blocked, with more on the chopping block.
The move is part of the Federal Budget 2024ā25, pending approval. If passed, it kicks in on July 1, 2024.
Public backlash is growing, with social media erupting over the steep financial pressure this puts on citizens.
Bottom line: File your taxes or face the charge.
#Pakistan #FBR #MobileTax #NonFilers #TaxAlert #Budget2024 #TelecomNews #StayInformed
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