Tue, 21-Oct-2025

Budget 2020-21: SBP proposes to abolish WHT on cash withdrawal

Budget 2020-21: SBP proposes to abolish abolishing WHT on cash withdrawal

The State Bank of Pakistan has proposed to abolish withholding tax (WHT) on cash withdrawal from banks in Budget 2020-21. It has also asked for doing away with Super Tax on the banking sector. The State Bank of Pakistan has also suggested a tax exemption for the Corporate Restructuring Company (CRC) for five years from … Read more