ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmed informed the Standing Committee in detail about the new taxes.
A meeting of the Senate Standing Committee on Finance was held under the chairmanship of Senator Saleem Mandviwala, in which Chairman FBR told the committee that 25 percent tax is being imposed on all imported luxury goods, including imported vehicles, make-up goods and cosmetics.
According to Chairman FBR, 25% tax will be levied on imported water, home appliances, crockery, footwear, imported furniture, chocolate, perfume, cornflakes and imported bathroom accessories.
He said that previously the GST rate on imported luxury goods was 17%, while the tax on mobile phones worth $300 to $500 has been increased from 17% to 18%, while the tax on mobile phones worth more than $500 has been increased from 17% to 25%. What is it.
Chairman FBR further said that after the approval of Kokabina, the government has the option to change the tax, taxes of 170 billion rupees have been imposed through the supplementary budget and additional taxes have been imposed to cover the deficit till June 30, this amount is half To be collected in four months.