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
In a first for the region, eligible Samsung users can get up to three months…
The new personalized in-app experience reveals your Aadee persona, celebrating the unique ways fans connect…
Pakistan’s growing housing shortage requires urgent and sustained policy action, with affordable financing, long-term planning…
The Board of Directors of Meezan Bank, in their meeting approved the financial statements of…
The Aga Khan University (AKU) has launched the AKU Manual of Pediatrics, a free, locally…
Unilever Pakistan hosted the Competition Commission of Pakistan (CCP) at its Head Office for a…
This website uses cookies.
