The government has reduced the sales tax on more than 3 dozen items to 25% on the condition of the IMF

Islamabad: The government has raised the sales tax rate on imports of more than three dozen items to 25 percent, fulfilling another condition of the IMF to get the loan.

According to Express News, Pakistan fulfilled another condition to implement the demands of the International Monetary Fund, under which watches, vehicles in CBU condition, precious metals, cosmetics, shoes, shampoo, ice cream, fruit, dry fruit. The rate of sales tax has been increased to 25% on the import of more than three dozen items including fruit and vegetable, leather jackets, chocolate, cigarettes, cigars and food for cats and dogs.

Apart from this, 25% sales tax has also been imposed on the local supply of locally produced SUV and CUV vehicles, 1400 CC vehicles, four-by-four double cabin vehicles and pickups.

In this regard, the Revenue Division has issued Notification No. 297(I)/2023 in which it is stated that sales tax has been increased to 25% on imported vehicles in CBU condition, apart from imported electronic items, imported make A sales tax of 25% has been imposed on your goods, while a sales tax of 25% has been levied on imported pet food, imported shoes, imported ladies purses, shampoos, soaps, lotions, imported headphones, iPods, speakers, doors and windows. has been done

Similarly, the sales tax has been increased to 25% on imported luxury utensils, bath fittings, imported tiles, sanitary ware, chandeliers and fancy lights, in addition to wrist watches, shaving accessories, decoration accessories, the rest of the world except Afghanistan. The tax rate has also been increased to 25% on carpets, fish, all types of frozen meat, furniture, fruits, dry fruits, jams, jelly, confectioneries imported from the countries of

Apart from this, in CBU condition, home appliances, cornflakes and other prepared cereals, vegetable and fruit juices, leather jackets, mattresses, sleeping bags, musical instruments, all types of arms and ammunition (except defense), travel bags, Twenty-five percent GST has been imposed on the import of more than three dozen items, including aircraft, kitchenware, crockery, etc.

Twenty-five percent sales tax has also been imposed on locally assembled SUVs and CUVs, locally assembled vehicles of more than 1400 cc and local supply of four-by-four double cabin vehicles and pick-ups. Is.