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Print Print edition: 2024-06-27

FBR to impose sales tax on stationery items

Published June 27, 2024 Updated June 27, 2024 11:32am
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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).

Copyright Business Recorder, 2024

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

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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.
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!!
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.
0
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