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.
This post was last modified on June 10, 2024 7:42 pm
Palestinian Man with Israeli Citizenship Kills One, Wounds Five in Shooting Rampage A Palestinian man…
Federal Minister for Parliamentary Affairs, Dr Tariq Fazal Chaudry, has alleged sabotage of free and…
Abdul Razzaq Tareen recognized nationally Balochistan Chief Minister Sarfraz Bugti announced a civil award for…
South Korean President Lee Jae Myung called for a thorough investigation into the recent local…
Actor Sarah Khan, wife of singer Falak Shabir, defended her husband's controversial remarks on women's…
South Korean President Lee Jae-myung has chosen Han Seongsook as the country's new Prime Minister.…
This website uses cookies.
