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Pakistan How much tax will be deducted now on withdrawing more than 50,000 from the bank?

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    1. الباحث

      In Pakistan, when you withdraw more than PKR 50,000 in cash in a single day, the following taxes apply depending on your tax-filer status: For Non‑Filers (not on the Active Taxpayers List, ATL) Withholding tax (WHT): 0.8% of the total withdrawal amount per day. This rate was increased from 0.6% unde‫اقرأ المزيد

      In Pakistan, when you withdraw more than PKR 50,000 in cash in a single day, the following taxes apply depending on your tax-filer status:

      For Non‑Filers (not on the Active Taxpayers List, ATL)

      • Withholding tax (WHT): 0.8% of the total withdrawal amount per day. This rate was increased from 0.6% under the Finance Act 2025 and became effective from July 1, 2025.

      For Filers (ATL members)

      • Withholding tax (WHT): 0.3% on cash withdrawals exceeding PKR 50,000 in one day. This applies to both ATM and bank‑counter withdrawals.

      Examples

      • If a non‑filer withdraws PKR 100,000:
        • Tax = 0.8% → PKR 800 deducted at source.
      • If a filer withdraws PKR 100,000:
        • Tax = 0.3% → PKR 300 deducted.

      ​ Additional Insights

      • The tax applies on an aggregate daily basis—it doesn’t matter if the withdrawal is in one go or split across multiple transactions in the same day.
      • Reddit conversations also reflect this policy in practice:

        “I withdrawal 53,000 in 3 different transactions… 318 has been deducted… WHT on Cash Withdrawal.”

        That ≈0.6% deduction aligns with the previous rate before July 2025.

      Summary Table

      Your Status Withdrawal Amount (PKR) WHT Rate (%) Approx. Tax Deduction (PKR)
      Filers (ATL) > 50,000 0.3% e.g. 100,000 → PKR 300
      Non‑Filers > 50,000 0.8% e.g. 100,000 → PKR 800

      ** Bottom line:**

      • Filers on the ATL benefit from significantly lower withholding tax on large withdrawals.
      • If you’re not on the ATL, you’ll face a higher 0.8% tax on any daily cash withdrawal above PKR 50,000.

      Would you like help registering as an active taxpayer or exploring alternative withdrawal methods to reduce taxes?

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    3. الباحث

      The Federal Board of Revenue (FBR) has issued rules for amendments to income tax for the new fiscal year.

      The Federal Board of Revenue (FBR) has issued rules for amendments to income tax for the new fiscal year.

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    4. الباحث

      The Federal Board of Revenue (FBR) has issued rules for amendments to income tax for the new fiscal year. ا

      The Federal Board of Revenue (FBR) has issued rules for amendments to income tax for the new fiscal year.

      ا
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