Sales tax likely to increase 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%.