The federal budget for the next financial year 2024-25 is likely to see an increase in taxes on imported mobile phones.
According to media reports, a federal excise duty (FED) on imported mobile phones is being proposed, with gross assessment underway. Additionally, there is a suggestion to raise the Pakistan Telecommunication Authority (PTA) tax on luxury imported mobile phones. Currently, the General Sales Tax (GST) on imported mobile phones is up to 25 percent, and the upcoming Finance Bill proposes further increases in this GST, despite the existing high rate.
The reports indicate that these measures are part of new revenue-raising efforts, with a target of Rs2,000 billion in new revenue, marking a historic first for Pakistan.
The Directorate of Advertisement, Information Department, Government of Sindh, has introduced a cutting-edge Media Management…
Coordinator to the Prime Minister on Climate Change, Romina Khurshid Alam has called on the…
The federal government is pursuing legal avenues to extradite property tycoon Malik Riaz from the…
The inauguration of the Shaheed Benazir Bhutto Block at Global Hub Girls’ Cadet College Malir…
The 2025 World Economic Forum (WEF) presents a pivotal opportunity for Pakistan to engage with…
The Tax Laws Amendment Bill 2024 has been presented in the National Assembly, aiming to…
This website uses cookies.
