@ezeelifeni @Dumb_Bae_ghum So now incase of an International transaction of Rs 1000 you will have to pay Rs 50 as tax instead of 10. Not a good step by government but there lame stance is to avoid dollars going out of the country and enforcing people to you use alternate means of transaction. (2/2)
@ezeelifeni @Dumb_Bae_ghum So now you will have to pay Rs 50 addl to that of Rs 1000 instead of Rs 10 and in case of non filer Rs 100 ( 10% withholdong tax). Its not good governance but stance of government is that we should acquire different means of transaction to avoid dollars going out of the country.
@ezeelifeni @Dumb_Bae_ghum No that's not the case bro initially withholding tax was 1% like if you purchase an item of Rs 1000 via international transaction you had to pay tax of Rs 10 now the tax have been inc to 5% ( thats inc of 400% only in tax).
(1 /2)
@ezeelifeni Their currency is way to low. They have introduced another currency called toman to reduce number of zeros. 10000 rials equals to 1 toman. Currently the note which you are seeing is of 100000 rial and it equals to 10 toman