According to the details, as per the notification issued by the government, 15 percent withholding tax will be imposed on filers on winning prize bonds, while 30 percent withholding tax will be imposed on non-filers. The aim of this change is to improve tax collection and further widen the tax net. This move by the government is being seen as a step towards increasing transparency in the financial system.

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On the other hand, the withholding tax rate on loan profits has also been changed. For filers, 15 percent withholding tax will be imposed on loan profits, while for non-filers, the rate will be 30 percent. The aim of this change is to bring into the tax net those individuals who do not pay taxes or who try to avoid paying taxes.

This step has been taken to instill a sense of responsibility among taxpayers and bring non-filers under the legal ambit. According to the government, these measures will increase the revenue of the national treasury and further strengthen the tax system.

On the other hand, the government claims that this new system will increase tax collection and make those who do not pay taxes aware of their responsibilities. Moreover, this move will enable better distribution of state resources, which will be used for the welfare of the people.