The Federal Board of Revenue (FBR) has assured that Olympian Arshad Nadeem’s prize money will be exempt from taxes.
Addressing recent confusion, a FBR Spokesperson (Member PR) emphasized that the nation’s hero will receive his full rewards without any tax deductions.
Read more: President to Award Arshad Nadeem the Hilal-e-Imtiaz for his Olympic Success
Despite earlier reports suggesting that 20% tax might be levied on Arshad’s substantial prize winnings, the FBR has officially debunked these claims.
The board reiterated its commitment to supporting Arshad’s remarkable achievements and ensuring that his financial rewards are fully recognized.
