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Govt Drops a Tax Bomb on Imported Items

by FIA
Oct 18, 2018
in Islamabad, National
0

ISLAMABAD: The Federal Government has increased the regulatory duty on imported items. During the  Mini Budget presented by Finance Minister, regulatory duty has been increased on several items.

Most affected by the tax hike are food and electronics categories.

 

Govt Drops a Tax Bomb on Imported Items
Govt Drops a Tax Bomb on Imported Items

New Regulatory Duty on Imported Items

Milk and Cream25%
Yogurt20%
bicycle10%
Cheese50%
Honey30%
Sim Cards5%
Fruits & Vegetables10%
Coconuts & Dry Fruits25%
Cake Flour25%
Soji25%
Noodles25%
Cherry & Peach45%
Chocolate & Pastry20%
Biscuit & Cake20%
Perfumes / Makeup / Shaving Item50%
Pineapples40%
Juices60%
Ice Cream20%
Mineral Water30%
Cigarette30%
Leather Products30%
Ceramics40%
Shoes40%
Electric Appliance30%
CKD Kits40%
LCD & LED40%
Finance Minister Asad Umar
Finance Minister Asad Umar

It must be noted that the taxes are applied on imports and the food items produced with-in the country will not be affected.

The federal government has also proposed to charged Rs. 400/kg for Paan Leaves.

Finance Minister said that the increased tax doesn’t affect poor or median household. He said that only rich could afford buying imported food items.

Email Asad Umar to know more about exciting packages ‘Tabdeeli’ and Naya Pakistan.

Tags: Asad UmarFeaturedfederalGovernmentImported ItemsIslamabad
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