Business
Sales tax likely to increase in upcoming budget
it is proposed to increase the sales tax on imported canned milk for children to 18% in upcoming budget.
Islamabad: It is proposed to increase and maintain sales taxes on various items in the budget of the next financial year, GNN reported.
According to Federal Bureau of Revenue (FBR) sources, it is proposed to increase the sales tax on imported canned milk for children in the upcoming budget, under which it is likely to be increased from 12% to 18%.
It is stated that government is all set increase the sales tax on canned meat, chicken, fish and other products to 18 percent.
On the other hand, the sales tax on day-to-day items such as tea, sugar, jam and jelly will be maintained at 18 percent. While the tax on soap, surf, dishwashing liquid, toothpaste, toothbrush and mouth freshener is also likely to be maintained at 18%.
-
Crime 1 day ago
Country's future hinges upon skilled youth: PM
-
Regional 2 days ago
Muhammad Aurangzeb submits papers for senate elections
-
Pakistan 11 hours ago
Pakistan conducts anti-terror operations in Afghanistan
-
Regional 2 days ago
Asifa Bhutto to contest on NA-207 for by-elections
-
Regional 19 hours ago
CM Punjab announces three-month remission in prisoners’ sentence
-
Business 2 days ago
LCCI president urges PM to facilitate taxpayers amidst economic challenges
-
Pakistan 1 day ago
PM Shehbaz approves extension to Air Chief Marshal Zaheer Babar
-
Pakistan 2 days ago
KP CM Gandapur meets Imran Khan in Adiala Jail