The Federal Government has started work to fulfill the conditions for putting the International Monetary Fund program on track. done.
Most of the conditions are expected to be met before the arrival of the IMF review mission, after which the draft mini-budget has entered the final stages, under which additional duties will be imposed on several luxury items and Rs70 billion. It is proposed to end the tax exemption on goods of about Rs.
Apart from this, a proposal to impose withholding tax on banking transactions of non-filers is being considered.
In this regard, sources say that proposals related to revenue measures have been shared with the Finance Ministry and in this context work on tax proposals is ongoing in the Finance Ministry to fulfill the IMF conditions.
Under which the proposal to impose withholding tax on bank transactions of more than 50 thousand rupees per day is under consideration, however, the proposed tax will not be applicable on the persons included in the list of active tax payers.
FBR officials say that an estimated revenue of Rs 45 to 50 billion has been generated by imposing withholding tax on non-filers.
