Federal cabinet likely to approve 25% sales tax via circulation summary today.
ISLAMABAD -- The federal cabinet is likely to approve 25% sale tax via circulation summary today, media reported on Friday.
As per details, the increase in sales tax on luxury items will earn Rs 15 billion for FBR in four months.
The Federal Board of Revenue (FBR) will issue the notification after approval via circulation summary.
The sales tax will be 25% on the imported electronics items, make up products, imported pet food, branded shoes, imported purse, shampoo and imported headphones.
Earlier today, Pakistan apprised the International Monetary Fund (IMF) of the implementation of demands for the revival $7 billion Extended Fund Facility (EFF) stalled for months.
Sources had told...
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