TRADE & ECONOMY

The Federal Board of Revenue (FBR) has announced the imposition of a hefty 90% additional withholding tax on over 570,000 non-filers. This decision marks a substantial increase from the previous rate, which stood at half of the transaction amount.
Under the new regulations, if a non-filer user reloads their mobile balance with, for instance, one hundred rupees, a staggering ninety rupees will be deducted as withholding tax by the FBR. This measure aims to incentivize non-filers to register themselves and contribute to the national tax pool.
Furthermore, the FBR has also outlined provisions for users attempting to circumvent the tax by swapping SIM cards. Should a non-filer opt to use a different mobile phone after removing the SIM, they will still be subject to the same 90% additional tax on any subsequent mobile or data load transactions.
It's important to note that this additional tax will be levied on every load made by non-filers, extending to both mobile and data services. The move underscores the government's commitment to enhancing revenue collection and promoting tax compliance across the country.
While this decision may pose financial challenges for non-filers, it serves as a crucial step towards creating a fair and equitable taxation system, where all citizens contribute their due share to national development.