ISLAMABAD: Government proposed increasing taxes on cell phones, cars and other imported luxury items in FY2023-24 budget. Sources said government is considering increasing duty on mobile, worth more than 100 dollars. They added that imported energy saver bulbs, chandeliers and LEDs will be more expensive in upcoming budget FY23-24.

Government is eying to generate revenue of Rs 45 to Rs 55 billion by keeping ratio of Sales Tax of 25 percent at luxury items in budget. Added that 25 percent Sales Tax will be applied on imported branded shoes, branded purses, imported sunglasses and perfumes, branded headphones, iPods and speakers, imported doors and windows, imported bath fittings, imported tiles and sanitary. Sources reported that Sales Tax on imported electronics items, imported make-up goods, imported hair colours, dyes and imported pet food will remain at 2 percent.

Published in The Daily National Courier, June, 06 2023

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