ISLAMABAD – August 9, 2025: The Federal Board of Revenue (FBR) has announced an increase in the tax deduction rate for non-filers making cash withdrawals from banks, as part of ongoing efforts to expand the tax net and encourage documentation of the economy.
According to an official notification, individuals not listed in the Active Taxpayers List (ATL) will now face a 0.8% withholding tax on daily cash withdrawals exceeding Rs50,000. Previously, a 0.6% tax was applicable on such transactions.
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All banking companies have been empowered to deduct advance adjustable tax from non-filers at the time of cash withdrawal.
In a related move, the FBR has also revised tax rates on the purchase and transfer of immovable property. To provide relief to buyers, the withholding tax rate has been reduced by 1.5%. Conversely, tax rates have been increased by 1.5% across all slabs for sellers or transferees of property.
The new taxation measures are part of the FBR’s broader strategy to enhance tax compliance and reduce reliance on indirect taxation.
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