Taxes on online banking transactions are being considered by the government.

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Government Planning to Impose Tax on Online Banking Transactions

[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The government is considering levying a withholding tax on banking transactions as well as on cash withdrawals from banks and financial instruments.

The plan has been created by the Federal Board of Revenue (FBR) as a significant revenue-generating move, according to the senior officials, but it has not yet been finalised or approved by the Finance Minister.

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