A proposal to increase the tax on imported luxury items is under consideration in the budget for the next fiscal year 2023-24.
According to Federal Board of Revenue (FBR) sources, expensive imported mobile phones are expected to become more expensive in the budget, while the duty on mobile phones worth more than $100 is likely to increase.
Sources have said that imported energy saver bulbs, chandeliers and LEDs will be expensive, sales tax on luxury items is expected to be 25% and the revenue is expected to be 55 billion rupees.
Sales tax will remain at 25 percent on imported electronics items and imported make-up items, including imported lipsticks, mascaras and face powders.
The rate of sales tax on imported hair colors, dyes, imported shampoos, soaps, lotions and imported branded shoes will also remain at 25%.
Sales tax on imported pet food will remain at 25 percent, while sales tax on imported women’s brand purses will be 25 percent.
The rate of sales tax on imported sunglasses and perfumes will remain at 25 percent, sales tax on imported private weapons will also remain at 25 percent.
Sales tax on imported branded headphones, iPods and speakers, imported luxury goods, imported doors and windows will remain at 25%.
The rate of sales tax on imported bathroom fittings, tiles, sanitary ware, imported carpets and rugs will remain at 25 percent.
Sales tax on imported energy drinks, juices, biscuits, bakery items, imported chocolates, candies will also remain at 25 percent.
Sales tax on imported vehicles and imported musical instruments will also remain at 25%.
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