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اردو

Dec 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print Print 2024-06-27

FBR to impose sales tax on stationery items

Recorder Report Published June 27, 2024

ISLAMABAD: Despite announcement of withdrawal of sales tax on stationery items, the amended Finance Bill 2024 would impose sales tax on stationery items from July 1, 2024.

It was learnt late Wednesday night that Finance Minister Muhammad Aurangzeb, during winding up debate on budget for the next fiscal year in the National Assembly, announced that the sales tax exemptions for stationery items have been maintained.

Finance Bill: Senate sends 128 suggestions to NA

However, sources said that the FBR would impose sales tax on stationery items under the amended Finance Bill 2024.

The amendments in the Finance Bill 2024 would be announced today (Thursday).

Taxes finance minister FBR Sales Tax tax exemptions Muhammad Aurangzeb Finance Bill 2024 Budget 2024 25 Live budget 2024 2025 sales tax on stationery items

Comments

Comments are closed.

EQ Jun 27, 2024 11:41am

Whats the use of increasing / applying sales tax when the collection machinery doesn't work efficiently. This will only increase prices and the vendor will pocket the money.

Recommended (0)

Retired Jun 27, 2024 04:21pm

What will 13% tax-to-GDP achieve? All monies will be spent on official tours, cars, free fuel and electricity and dinners. I'm appalled! They won't cut free fuel for bureaucrats but tax baby milk!!

Recommended (0)

Tariq Qurashi Jun 28, 2024 11:39am

The government needs to cut its own expenditure and stop increasing taxes to fund loan payments and a bloated bureaucracy.

Recommended (0)

Forex
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Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

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India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
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FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
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